Sou Hu Cai Jing·2025-09-11 01:31Group 1 - NIO announced a $1 billion stock offering, pricing 181,818,190 Class A ordinary shares at $5.57 per American Depositary Share and HK$43.36 per Class A ordinary share [2] - The company plans to use the net proceeds for R&D in smart electric vehicle technology, developing future technology platforms and models, expanding battery swapping and charging networks, strengthening its balance sheet, and general corporate purposes [2] - This is NIO's second public financing plan in 2023, following a previous issuance in March that raised HK$3.5 billion [2] Group 2 - In Q2 2025, NIO delivered 72,056 vehicles, a year-on-year increase of 25.6% and a quarter-on-quarter increase of 71.2% [3] - The company's revenue for Q2 was RMB 19.01 billion, up 9.0% year-on-year and 57.9% quarter-on-quarter, with a gross margin of 10.0% [3] - NIO reported a net loss of RMB 4.9948 billion (approximately $697.2 million) for Q2, reducing the loss from RMB 6.75 billion in Q1 [3] Group 3 - As of the end of Q2, NIO's cash reserves were RMB 27.2 billion, with a quarter-on-quarter increase [5] - The company has set a delivery guidance of 87,000 to 91,000 vehicles for Q3, representing a year-on-year increase of 40.7% to 47.1% [5] - NIO's cash and cash equivalents were RMB 8.075 billion at the end of Q1, down from RMB 23.82 billion in Q1 of the previous year [5] Group 4 - NIO's recent models, including the ES8 and the L90, have shown strong order performance, with L90 achieving over 10,000 deliveries in its first month [7] - The production target for L90 in October is set at 15,000 units, with a total production goal of 56,000 units across all brands for Q4 [7] - The financing is seen as a strategic move to ensure supply chain capacity and support future growth rather than merely a sign of financial distress [5][7]