NIO Inc. Announces Completion of US$1.16 Billion Equity Offering and Full Exercise of Underwriters' Option to Purchase Additional ADSs
1. NIO completed a $1.16 billion equity offering. 2. Company sold 209 million Class A shares and ADSs at $5.57 each. 3. Proceeds will fund R&D, technology platforms, and charging network expansion. 4. Underwriters included Morgan Stanley and UBS, raising funds for corporate initiatives. 5. NIO aims for sustainable future through innovative smart EV technologies.