Chinese electric carmaker NIO, often referred to as the “Tesla of China” is looking to raise capital again four months after its New York IPO. The startup electric automaker launched a $650 million five-year convertible bond on Wednesday to fund its expansion.
FutureCar Staff 2019-01-30 13:05 PT
The second biggest U.S. ride-hailing startup Lyft Inc. has filed confidential paperwork for an IPO, indicating its plans to go public in 2019. Lyft would be the first company to allow investors to buy into the rapidly growing ride-hailing industry.
Eric Walz2018-12-06 12:11 PT
Chinese electric automaker NIO debuted on the New York Stock Exchange this morning, raising $1 billion with its U.S. IPO, much lower than NIO’s earlier target of $2 billion to $3 billion previously reported by The Wall Street Journal. NIO’s target would have been the largest U.S. listing to date by any Chinese automaker.
Eric Walz2018-09-12 11:22 PT
Volvo Cars has postponed its planned IPO, citing ongoing trade tensions and a decline in automotive stocks. The Swedish carmaker, which is owned by China’s Geely, hoped to list its shares by the end of the year.
FutureCar Staff 2018-09-10 12:22 PT
Chinese electric automaker NIO launched a U.S. stock sale that could raise up to $1.32 billion. NIO is looking to top Tesla’s Model X in China with its new electric SUV the ES8.
Eric Walz2018-08-29 12:51 PT
With Uber vehicles clogging city streets and the company itself being blamed for increasing traffic in some cities, the company is taking action. Uber is planning an emphasis on electric scooter and e-bikes instead of cars in cities, according to Uber CEO Dara Khosrowshahi.
Eric Walz2018-08-27 12:26 PT
Chinese electric vehicle start-up NIO on Monday filed for a $1.8 billion initial public offering of its American depositary shares, the largest U.S. listing to date by a Chinese automaker.
Eric Walz2018-08-15 13:08 PT
A new report suggests trouble is brewing at silicon valley startup Quanergy systems Inc., a company developing solid state lidar for autonomous cars, Bloomberg has reported. Quanergy was one of the first self-driving tech unicorns—reaching a $1.5 billion valuation in 2016.
Jeremy Carlton2018-08-13 16:10 PT
Zhejiang Geely Holding Group Co., owner of Sweden-based Volvo Cars AB, has selected Citigroup Inc., Goldman Sachs Group and Morgan Stanley to advise on an initial public offering for the carmaker this year, according to people with knowledge of the matter, Bloomberg has reported.
Paul Young2018-05-10 12:59 PT
FutureCar Staff Feb 20, 2019 5:29 PM PT
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