BlackRock has reduced its equity holding in electric‑vehicle maker Nio by 73% while simultaneously increasing its position in the company's convertible notes. The move reflects a shift in the investment strategy toward debt instruments rather than direct stock ownership. This adjustment highlights BlackRock’s changing outlook on Nio’s capital structure and the broader EV market.
BlackRock Slashes Nio Stake by 73%, Adds to Its Nio Convertible Notes Electric Vehicles
