China EV Maker NIO Said To Consider Raising $3B From Investors - Bloomberg

China EV Maker NIO Said To Consider Raising $3B From Investors - Bloomberg

• Nio has approached investors from the Middle East.
• The fundraising could happen as soon as next year.
• The current talks are ongoing and details are subject to change; no certainty Nio will proceed with the fundraising.
• In June, Nio raised around $738 million from a share sale to Abu Dhabi’s CYVN Holdings LLC; earlier this month sold $1 billion of convertible bonds.

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