智通财经网·2025-09-12 01:53Core Viewpoint - NIO-SW announced a $1 billion equity offering, which includes the issuance of 182 million Class A ordinary shares, aimed at funding technology development, expanding battery swap and charging networks, and strengthening its balance sheet [1] Group 1: Financial Details - The equity offering includes American Depositary Shares (ADS) priced at $5.57 per ADS and Class A ordinary shares priced at HKD 43.36 per share [1] - The total transaction volume for NIO-SW shares increased by nearly 5%, with a current price of HKD 47.54 and a trading volume of HKD 29.3695 million [1] Group 2: Use of Proceeds - Proceeds from the $1 billion equity issuance will be allocated to automotive technology research and development, as well as investments in battery swap and charging infrastructure [1] - Goldman Sachs estimates that NIO's R&D spending will reach RMB 11 billion in 2025 and 2026, and the equity placement will reduce the debt ratio from 98% to 92% [1]