Sou Hu Cai Jing·2025-09-11 05:41Core Viewpoint - NIO is planning to raise funds through a $1 billion stock issuance to support R&D and strengthen its balance sheet as it aims for breakeven in Q4 [1] Group 1: Fundraising Details - NIO announced a plan to issue approximately 18.2 million Class A ordinary shares, including American Depositary Shares, at a price of HKD 43.36 and USD 5.57 per share, representing discounts of 7.19% and 11.31% respectively compared to recent closing prices [1] - This is the second equity financing through the secondary market within six months, with proceeds aimed at investing in core technologies for smart electric vehicles, expanding the battery swap network, and general corporate purposes [1][2] Group 2: Financial Position - As of June 30, NIO had cash and cash equivalents totaling RMB 27.2 billion, which is an increase of RMB 1.2 billion from the previous quarter but a decrease of RMB 14.7 billion from the end of the previous year [3] - The company's total equity was reported at -RMB 1.12 billion as of the end of Q2, worsening from -RMB 0.27 billion at the end of Q1 [4] Group 3: Market Reaction and Future Plans - Following the announcement of the new stock issuance, NIO's stock fell by 8.92% in the U.S. market, while Hong Kong shares initially dropped over 3% before recovering [6] - NIO plans to ramp up production of the L90 and ES8 SUVs in Q4 and introduce three new models in 2026 to achieve greater scale [3]