Chinese EV maker Nio to raise $450 million for EV development, term sheet shows

Reuters

2025/03/27

March 27 (Reuters) - Chinese electric vehicle maker Nio 9866.HK will raise around HK$3.50 billion ($450.1 million) via a share placement to develop its smart EVs, according to a term sheet reviewed by Reuters on Thursday. ($1 = 7.7763 Hong Kong dollars)

(Reporting by Roshan Thomas in Bengaluru; Editing by Savio D'Souza)

((Roshan.Thomas@thomsonreuters.com;))

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