BYDDY - NIO: Hungry Hungry Capital Valuation On Watch
- NIO, the second most valuable auto maker, has huge expectations to meet as one of China's most prominent domestic EV startups.
- After a successful NIO Day, NIO priced $1.3 billion in convertible notes due in 2026 and 2027, which quickly went oversubscribed.
- More investment capital flows lead to higher innovation and technological development, thus attracting investors chasing high growth.
- Such inflection of EV market share brings that capital, as seen with NIO's notes, but valuation at $2m per vehicle sold in 2020 warrants caution.
For further details see:
NIO: Hungry, Hungry Capital, Valuation On Watch