Guangzhou Automobile says any investment in Nio would not exceed $150 million [Reuters]
NIO Inc. American depositary shares, each representing one Class A ordinary share (NIO)
Last nio inc. american depositary shares, each representing one class a ordinary share earnings: 3/18 07:30 am
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Source: Reuters
Guangzhou Automobile says any investment in Nio would not exceed $150 million (Reuters) - Chinese automaker Guangzhou Automobile Group Co Ltd ( 601238.SS ) said on Thursday that while it was early talks with Tesla challenger Nio Inc ( NIO.N ) about a financing proposal, any potential investment would not exceed $150 million. The U.S.-listed electric car startup, which last month flagged an urgent need for more funding, said on Wednesday it was exploring financing and strategic opportunities with Guangzhou Automobile (GAC Group). Nio did not specify the size of the potential funding but earlier in the day Sina Finance and other media reported it was in talks for up to $1 billion, sending its shares up as much as 17% in heavy trade. GAC Group said in a statement that the potential financing of up to $150 million would include funds it would raise itself and not have a material impact on its own finances. It also said that there is “still great uncertainty as to whether an agreement
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NIO
News
- NIO Inc. Prudently Adjusts First Quarter 2024 Delivery OutlookGlobeNewswire
- Nio Inc - (NYSE: NIO) was downgraded by analysts at Mizuho from a "buy" rating to a "neutral" rating. They now have a $5.50 price target on the stock.MarketBeat
- NIO: A Strategic DCA Play [Seeking Alpha]Seeking Alpha
- NIO Partners With CATL to Develop Long-Lasting EV Batteries [Yahoo! Finance]Yahoo! Finance
- Nio Inc - (NYSE: NIO) had its price target lowered by analysts at UBS Group AG from $8.00 to $7.20. They now have a "neutral" rating on the stock.MarketBeat
NIO
Earnings
- 3/5/24 - Beat
NIO
Sec Filings
- 3/27/24 - Form 6-K
- 3/15/24 - Form 20-F/A
- 3/5/24 - Form 6-K
- NIO's page on the SEC website