Nio offers up 136.8 million new shares to fund R&D

By / / Automotive / 1 minute of reading


Amid widening losses, Nio will use the expected funds to develop new EV technologies and products. By Stewart Burnett

In a move apparently intended to ease the burden of its hefty ongoing research and development costs, Chinese electric vehicle (EV) brand Nio has announced it will issue 136.8 million new Class A ordinary shares. The automaker has indicated that funds from the new equity placement will be used to develop new EV technologies and products.

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Nio offers up 136.8 million new shares to fund R&D



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