Nio Capital Raise Defies Expectations as EV Maker Doubles Share Price
Nio's $1.16 billion equity offering sparked a rally rather than the typical selloff, with shares doubling in three months. The Chinese EV leader is channeling funds into R&D for smart vehicle platforms and global battery-swap infrastructure—a bet on technological moats as competition intensifies.
August deliveries hit a record 31,300 units, marking only the second time Nio breached 30,000 monthly sales. The momentum builds on Q2's 26% delivery growth and narrowing losses, suggesting scaling efficiencies are taking hold. Unlike legacy automakers, Nio's capital markets prowess mirrors Tesla's ability to fund growth through equity during strategic inflection points.