Zheng Quan Shi Bao·2025-09-10 18:03Core Viewpoint - NIO Inc. has announced a public offering of up to 182 million Class A ordinary shares, raising $1 billion in equity financing, which will be used for R&D, expanding charging networks, and strengthening its balance sheet [2][3]. Group 1: Financing and Market Response - The company completed a $1 billion equity financing with participation from long-term investors across the US, UK, Switzerland, Norway, and Asia [2]. - Following the announcement, NIO's stock fell over 8% in pre-market trading [3]. Group 2: Financial Performance - In Q2, NIO reported a net loss of 4.995 billion yuan, a 26% decrease from the previous quarter, but still significant [3]. - Adjusted net loss (NON-GAAP) was 4.127 billion yuan, a year-on-year decrease of 9% and a quarter-on-quarter decrease of 34.3% [3]. - Revenue for Q2 reached 19.01 billion yuan, a 57.9% increase quarter-on-quarter and a 9% increase year-on-year [4]. Group 3: Future Projections and Product Performance - NIO's delivery guidance for Q3 is between 87,000 to 91,000 vehicles, representing a year-on-year growth of 40.7% to 47.1% [4]. - The company aims to achieve breakeven in Q4, supported by strong sales of the L90 and ES8 models [5]. - NIO's August sales exceeded 31,000 units, surpassing Li Auto alongside XPeng [5]. - The company anticipates a gross margin increase to 16%-17% in Q4 due to a higher proportion of high-priced products [5].