Sep. 10 at 5:54 PM
Nio shares tumbled nearly 10% after the EV maker raised $ 1B through a stock sale equal to over 8% of its
$11.9B market cap, marking its steepest drop in almost two years. The
$5.57/share offering, an 11% discount to Tuesday’s close, follows six straight quarters of sales misses and aims to fund R&D, new models, and charging expansion. Nio delivered 135,167 vehicles in the first seven months of 2025, well behind rivals BYD (1.88M), Tesla (304K), and Xpeng (212K).
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