Nio raises US$1.2bn in latest share issue

Core Insights - Nio Inc raised US$ 1.16 billion through an equity offering of 209,090,918 new Class A ordinary shares priced at US$ 5.57 per share [1][2] Financial Performance - Nio reported a 9% year-on-year increase in revenues to CNY 19.01 billion (US$ 2.67 billion) in Q2 2025, with vehicle deliveries rising by 26% to 72,056 units [4] - Adjusted losses per share narrowed to CNY 1.85, and vehicle deliveries for Q3 are projected to be between 87,000 and 91,000 units, reflecting a year-on-year increase of 41% to 47% [4] Use of Proceeds - The new capital will be allocated to research and development in smart EV technologies, development of new platforms and models, and expansion of global charging and battery-swapping networks [3] - Some proceeds will also be utilized to strengthen the company's balance sheet, which had CNY 27.2 billion (US$ 3.8 billion) in cash and cash equivalents at the end of Q2 [3]