• As of this writing, Nio shares are down 5.31 percent in Singapore and down 6.85 percent in Hong Kong.
• Nio announced yesterday its plan to raise $1 billion through a new share offering, priced at an 11 percent discount to the previous trading day.

Nio Inc (NYSE: NIO) shares resumed trading in Singapore after a brief suspension Wednesday due to a new share offering.

As of press time, the company's Singapore-listed shares were down 5.31 percent at S$5.71. Its Hong Kong-traded shares were currently down 6.85 percent at HK$43.52 in pre-market trading.

This followed its overnight performance in the US market. Nio's American depositary shares (ADSs) closed down 8.92 percent at $5.72 on Wednesday.

Nio's Singapore-listed shares were temporarily halted about an hour before the market close yesterday, pending an announcement. At the time, the Hong Kong market was nearing its close.

The company subsequently announced plans to raise $1 billion through a new share offering, priced at $5.57 per ADS -- an 11 percent discount to its previous US closing price.

Nio intends to issue up to 181,818,190 class A ordinary shares, comprising ADSs -- each representing one class A ordinary share, and common shares.

The allocation of shares will be determined based on investor interest, distributed between the ADS offering and the ordinary share offering.

Nio expects to complete the ADS offering around September 11 and the ordinary share offering around September 17.

The company plans to use the proceeds for R&D in EV core technologies, developing future technology platforms and vehicle models under its brands, expanding its battery swap and charging network, further strengthening its balance sheet, and for general corporate purposes.