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Why Is Chinese EV Maker Nio Inc Raising $1 Billion In New Convertible Debt Right Now? - BYD (OTC:BYDDF), Mercedes-Benz Group (OTC:MBGAF)

Investors punished NIO Inc. (NYSE: NIO) Monday after it announced it was raising $1 billion to refinance existing debt and shore up operating capital.

Citi jeff chungWilliam liMercedesbenz group agmbgafand audiNio incTesla incJeff chungMercedesbenz groupChairman william

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