EV automaker NIO aims to raise $650 million through convertible bond

NIO es8 electric car

Electric automaker NIO Inc, among competitors to Tesla in China, released a $650 million five-year exchangeable bond on Wednesday, intending to use the earnings to fund expansion. The Shanghai-based automaker’s transfer to increase capital by means of an equity-linked bond, just four months after it detailed in New York, mirrors that of China’s Netflix-like video […]