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Chinese electric car maker NIO has sold US$1.3 billion worth of convertible senior notes that can be swapped for the smart electric vehicle maker's surging American depositary shares. NIO's ADSs hit an all-time closing high of US$62.70 a piece on Monday on the New York Stock Exchange, up 6.42 per cent on the day. If the Tesla challenger issues a greenshoe tranche, an over allotment of shares, then the offering could rise to US$1.5 billion. Get...

China’s second-half car sales defy global slump with 8 per cent gain, as buyers return to showrooms in world’s largest vehicle market Daniel Ren in Shanghai ren.wei@scmp.com © SCMP Customers thronged a Tesla showroom on Shibo Avenue in Shanghai's Pudong district to check out the locally assembled Model Y on january 3, 2021. Photo: Daniel Ren China's car sales increased during the six months ended in December, as customers returned to showrooms amid a tentative recovery in consumer sentiment in the first major economy to emerge from the coronavirus lockdown. Sales of pas...

Tesla’s Shanghai-made Model Y gets rousing reception as Chinese buyers rush to place orders for competitively priced SUV Buyers of the locally made Model Y will have to wait until late February for deliveries to start, according to staff at a showroom in Shanghai Prices start from 339,000 yuan (US$52,074) for Long Range version, excluding a government subsidy, 30 per cent cheaper than the price quoted six months ago

Before they were posted to make sure no innocent people were identified but they didn't respond. a spokesperson for obama says that that claim is unequivocally not true. >> gregg: molly henneberg live in washington, thank you. >> julie: fox news liter a manhunt underway in arizona for three convicted murderers who escaped at a state prison. tracy the man serving on the left, daniel ren i wick, serving 22 years and the man in the middle, john mcclur skey all three escaped and they were last seen wearing orange prison uniforms and they believe they kidnapped two men at gunpoint and then they lef...

Looking, tracy province serving life sentence for murder, robbery. daniel ren wick serving 22 years for second degree murder, and then you have john mccluskey, serving 15 years for second degree murder. aggravated assault and discharge of a firearm. tell me what is going on out there. what your people expect they encounter these people? >> well, they are very dangerous individuals. they escaped last night around 10 p.m. arizona time from the arizona state prison and golden valley area, approximately 15 miles west of kay man, arizona off interstate 40. as of this morning, we have learned inform...