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NIO Inc. Class A ( (HK:9866) ) has shared an announcement.
NIO Inc. has announced the pricing of its US$1 billion equity offering, which includes American depositary shares and Class A ordinary shares. The proceeds will be used to invest in the research and development of core technologies for smart electric vehicles, expand its battery swapping and charging network, and strengthen its balance sheet. This move is expected to bolster NIO’s position in the smart electric vehicle industry and support its growth initiatives.
More about NIO Inc. Class A
NIO Inc. is a leading company in the global smart electric vehicle market, founded in November 2014. The company focuses on designing, developing, manufacturing, and selling smart electric vehicles, with a mission to create a sustainable future. NIO is known for its technological innovations, exceptional products and services, and fostering a community for shared growth.
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