NIO boosts size of share sale by 20% amid EV stock frenzy
The $1.5 billion raised in NIO’s latest stock offer will be partly used to increase the company’s interest in NIO China. Funds will also be spent on R&D into autonomous driving technologies as well as other general corporate purposes.
source https://www.autonews.com/china/nio-boosts-size-share-sale-20-amid-ev-stock-frenzy