One may get exited with the news. To me, this is not something to celebrate. Here are my reasons:
1. This will result in further dilution of the shares.
2. Nio has been actively raising capital for the pass couple of years. They listed in both HK and Singapore stock exchange. They should have more than enough cash for them to expand the business for quite sometimes.
3. I mentioned this before and will reiterate, Nio has not been managing their cost effectively. Their business model of building NIO houses are very costly. I don't think they have generated positive business returns.
4. The battery swap and BAAS are new technology and business model. However, they incur high costs to build and need additional batteries allocations to the over one thousand of battery swap stations. They need to make sure the business and financial terms on BAAS will yield positive ROI and benefit the consumers as compared to the conventional charging networks which is widely adopted by all other BEV brands, so as to attract more interest.
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