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NIO Inc. Class A ( (HK:9866) ) just unveiled an announcement.
NIO Inc. has announced the completion of a US$1.16 billion equity offering, involving the sale of Class A ordinary shares and American depositary shares (ADSs). The proceeds from this offering will be used to invest in research and development of core technologies for smart electric vehicles, develop future technology platforms, 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 and innovation strategies.
The most recent analyst rating on (HK:9866) stock is a Hold with a HK$52.00 price target. To see the full list of analyst forecasts on NIO Inc. Class A stock, see the HK:9866 Stock Forecast page.
More about NIO Inc. Class A
NIO Inc. is a leading company in the global smart electric vehicle market, founded in November 2014. It designs, develops, manufactures, and sells smart electric vehicles, focusing on innovative technology and experience excellence. NIO offers premium smart electric vehicles under the NIO brand, family-oriented vehicles through the ONVO brand, and small high-end electric cars with the FIREFLY brand.
Average Trading Volume: 9,536,678
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$103.5B
Find detailed analytics on 9866 stock on TipRanks’ Stock Analysis page.