Chinese EV maker Nio to raise $450 million for EV development, term sheet shows-March 2024-www.financetom.com

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

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

Mar 27, 2025 3:55 AM

March 27 (Reuters) - Chinese electric vehicle maker Nio

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)

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