Xin Hua Cai Jing·2025-09-10 14:21Group 1 - NIO-SW (09866.HK) announced a public offering of up to 182 million shares of Class A common stock, including American Depositary Shares [2] - The net proceeds from the equity issuance will be used for R&D in core technologies for smart electric vehicles, developing future technology platforms and models, expanding charging and battery swap networks, strengthening the balance sheet, and general corporate purposes [2] - Morgan Stanley, UBS, and Deutsche Bank are acting as underwriters for the stock issuance [2] Group 2 - In Q2, NIO delivered 72,000 new vehicles, a year-on-year increase of 25.6% and a quarter-on-quarter increase of 71.2% [2] - Total revenue for Q2 reached 19.01 billion yuan, with a quarter-on-quarter growth of 57.9% [2] - The comprehensive gross margin improved to 10%, with significant improvements in both vehicle and other business gross margins, and cash reserves slightly increased to 27.2 billion yuan [2] Group 3 - For Q3, NIO's delivery guidance is set between 87,000 and 91,000 vehicles, representing a year-on-year growth of 40.7% to 47.1% [3] - Revenue guidance for Q3 is projected to be between 21.81 billion and 22.88 billion yuan, indicating a year-on-year growth of 16.8% to 22.5% [3] - NIO's CEO Li Bin stated that the company has achieved significant cost reduction and efficiency improvements in Q2, with losses narrowing, and expects growth in sales to come from the implementation of a multi-brand strategy [3]