Nio’s Shares Fall on Plans to Raise US$1 Billion via Convertible Bonds

By Jiahui Huang

Nio’s Hong Kong shares fell in early Asia trading on Wednesday, following an overnight drop in U.S.-listed depository shares after the Chinese electric-vehicle maker said it would raise US$1 billion via an issuance of convertible bonds.

Shares traded in Hong Kong and Singapore were down 13% and 11%, respectively. ADSs closed…