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China EV capital warfare: what electrical car maker Nio’s newest convertible notes say about its altering fortunes – NEWPAPER24

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China EV capital warfare: what electrical car maker Nio’s newest convertible notes say about its altering fortunes

2021-01-14 16:30:11

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US electrical carmaker Tesla and its smaller Chinese language rivals Nio and Xpeng Motors have been on a US$12 billion capital-raising drive over the previous 12 months as their Share costs have soared, competing fiercely to draw buyers to assist fund the roll-out of latest fashions.The newest providing by Shanghai-based Nio reveals simply how a lot sway these fast-growing disrupters of the vehicles business maintain over buyers, and the way their fortunes have modified within the house of a few years.Nio, based in…

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