Zhong Guo Ji Jin Bao·2025-03-27 13:10Group 1 - NIO plans to issue up to 119 million Class A ordinary shares to raise funds for R&D in smart electric vehicle technology, strengthening its balance sheet, and general corporate purposes [1][2] - The company aims to maintain a quarterly investment of 3 billion yuan in R&D, with a total R&D investment of 13.037 billion yuan for 2024, surpassing competitors like XPeng and Li Auto [4][5] - As of December 31, 2024, NIO's total cash reserves, including cash equivalents and short-term investments, amount to 41.9 billion yuan, highlighting the importance of cash flow for survival and development in the competitive automotive industry [5][12] Group 2 - Multiple automakers, including BYD and Xiaomi, are planning "lightning" placements, a method for rapid financing in the Hong Kong market, with share placements not exceeding 20% of their total shares [8] - BYD's recent placement raised approximately 43.383 billion HKD for R&D, overseas business development, and working capital [10] - Xiaomi plans to raise around 42.5 billion HKD through the placement of 800 million existing shares to accelerate business expansion and enhance technological capabilities [10][12]