While the size of the initial public offering is subject to amendment, based on this initial filing, Nio's IPO would be the biggest Chinese listing in the USA since the $25 billion public float of e-commerce giant Alibaba Group Holding Ltd. (NYSE: BABA) in 2014. Currently, China is the world's largest electric vehicles market.
Nio expects to start deliveries of a second vehicle, the five-seat ES6 SUV, in 2019, and is looking to introduce a sedan, dubbed the ET7, onto the market in 2020. The new vehicle will be officially delivered in the first half of next year. Nio has a charging systems for homes, along with services for mobile charging, battery swapping and 24-hour pickup and drop-off.
Former Indian PM Atal Bihari Vajpayee dies
He was a lifelong poet who revered nature but who oversaw India's growth into a swaggering regional economic power. More than 1,000 Muslims were killed in one of the worst communal riots the country has seen after partition.
NIO incurred a net loss of $502.6 million in the first six months of 2018, its statement said, on $6.95 million in revenues. The company lost $759 million previous year, with Nio generating no revenue and spending nearly $400 million on research and development. Since the start of 2017, the company has spent more than $1.6 billion split between research and development expenses and selling and administrative costs.
Nio's founder and chairman William Li Bin holds a 17.2 per cent stake.
The company recognizes that issues could arise as it proceeds with self-driving technology. The billionaire has said he plans to take the money-losing company private at $420 a share, valuing Tesla at $82bn.
Nio also called out as a risk factor its reliance on manufacturing partners, such as Jianghuai Automobile Group Co., or JAC.
People gather at the booth of Chinese electric vehicle startupNio as it unveils its ES8 SUV at the Shanghai Auto Show, April 19, 2017. It has no plans to sell mass-market cars outside of China, but it does plan to launch one auto per year.
The arrival of Mateo Kovacic as part of the deal which took Thibaut Courtois to Real Madrid added another obstacle to his path. The 31-year-old missed the season opener against Huddersfield and was absent from a light training session on Monday.
Couillard was joined in Stowe, Vt., by fellow premiers of Prince Edward Island, Newfoundland and Labrador and New Brunswick. After a June meeting of the Group of Seven in Charlevoix, Quebec, Trump called Trudeau "dishonest" and "weak".
Meanwhile, Samsung Electronics has confirmed its upcoming Galaxy S10 smartphone will not be the company's first 5G device. It'd be nice if there was more than one to choose from, and maybe we'll hear more from Sprint in the months ahead.
To add insult to, well. insult, after a few minutes with her would-be rescuer, Jessie flew off and landed on another roof. Anxious that the bird was injured, the brigade sent a firefighter up to the roof to carefully bring the bird down.
He called the July 29 election free and fair and said it was conducted according to the principle of democracy. Western countries have voiced doubts about the validity of the latest election in Cambodia .
Symptoms include red eyes, cough, runny nose and high fever, which is followed by a red rash that's spread all over the body. Now, doctors are urging parents to get their kids vaccinated with the measles, mumps and rubella (MMR) shot.
Great Britain , who won the Davis Cup in 2015, will face Uzbekistan in a world group play-off in Glasgow next month. However, an increasing number of top players have skipped matches in recent years to ease their schedule.
Mu Sochua, CNRP's vice president who lives in self-imposed exile overseas , called the new members of parliament illegitimate. Independent election monitors also steered clear but representatives of populist parties in Europe and Asia filled the void.
Ward was guarding Hopkins on a play and as the wide receiver was trying to make a move the safety knocked Hopkins' helmet off. Hopkins was sent to the Texans' practice bubble, while Ward was sent to the sideline, according to the Houston Chronicle .
At least 14 states and many municipalities have filed suits against opioid manufacturers amid the ongoing opioid epidemic. Some of its larger cities, including Bridgeport, New Haven and Waterbury, have sued Purdue.
Spurs apologise over 'unavoidable' stadium delay
A club statement explained that two test events would need to be held before the stadium could be used for a match. This decision was unavoidable. "We should like to apologise to supporters for this delay".
Queen Elizabeth’s doctor dies in cycling accident
The Royal London Hospital for Integrated Medicine described Dr Fisher as "a highly regarded colleague and friend". The hospital said he "was committed to holistic and compassionate care for his patients".
'Dr Bumbum' charged with murder after death of patient
They sought a judicial order to remain free while their case proceeded, but were turned down by a Rio court and later arrested. The hospital refused to comment. "Many facts have surfaced and I am sure we will show the innocence of Dr Denis".
Amazon is reportedly looking to buy a movie theater chain
Amazon Studios has already started releasing some of its movies in theaters prior to premiering on Amazon Prime Video. One day, there will be no worlds left for Amazon to conquer, as it slowly absorbs every industry on the planet.
Steel tariffs will save industry
Critics also point to the bigger losses that have resulted from retaliatory tariffs by trading partners. Competition will be "internal, like it used to be in the old days when we actually had steel, and U.S.
Legendary singer Aretha Franklin dead at 76
She started gospel singing as a child at the church of her father, Clarence LaVaughn Franklin, a preacher. Three more sons-Edward Franklin, Ted White, Jr . and Kecalf Cunningham-followed.
Trade Deal with Mexico 'Getting Close'
Trump's explanation for Canada's exclusion differed from the one offered two weeks ago by one of his top officials. Trade Representative Robert Lighthizer, "don't do the deal" unless there was a significant breakthrough in talks.
Brennan says Trump move 'designed to send message'
But Trump later pointed to Brennan's role in investigating Russia's interference in the 2016 presidential election. Nancy Pelosi, the House Democratic leader, says Trump's move is a "stunning abuse of power".