It is reported that NIO issued an announcement to disclose the scale and pricing of this additional issuance. The issuance has increased by 18% to 88.5 million shares, and the underwriter can issue 13.275 million additional shares in excess. The issue price is US$17, and the total financing is expected to exceed US$1.7 billion, making it the largest additional issuance in China's high-end smart electric vehicle industry.

This time, the raised amount will be mainly used to increase NIO China’s shares, exercise NIO China’s share repurchase rights, research and development of autonomous driving technology, and expand the global market.

NIO’s 2020 second-quarter financial report shows that as of June 30, 2020, NIO’s cash reserves totaled 11.167 billion yuan. On July 10, NIO China received 10.4 billion comprehensive credit from six major banks. Subtracting the 325 million used to repurchase NIO China’s shares from the 1.7 billion US dollars raised this time, there is still 1.375 billion, or about 9.7 billion yuan. That is, NIO's current cash reserves will exceed RMB 20 billion.

In addition, NIO is finalizing the details and preparing to start a true global expansion. The company expects to enter Europe and other international markets in the second half of 2021, but it does not rule out the possibility that NIO will not enter the European market until 2022.