Sun notes that having modelled in a 167 million share sale in 2025 for Nio, the placement was predictable.
Chinese electric vehicle (EV) maker Nio's proposed new share offering on the HKEX is “not a surprise”, says Morningstar Equity Research analyst Vincent Sun.
The company is proposing to offer up to 136.8 million new class A ordinary shares at HKD29.46 ($5.08) per share to raise funds for smart vehicle technology research, new model development, and to further strengthen its balance sheet.
