Electric Vehicle Maker

Electric Vehicle

China’s electric vehicle maker NIO Inc., among rivals to Elon Musk’s Tesla, launched a convertible bond worth $650 million on Wednesday, nearly four months after it listed in New York, according to Reuters’ news. The company’s move to raise capital through an equity-link bond is equivalent to that of iQiyi, China’s Netflix-like video streaming platform which sold a convertible bond valued $750 million in November last year. Reuters reported that