Chinese electric-vehicle maker Nio Inc. raised about $1 billion through a share sale to fund its growth, taking takes advantage of a recent stock rally. The Shanghai-based EV maker sold about 181.8 million new shares at HK$43.36 ($5.57) the company said in a statement. Nio said it will use the proceeds to develop future vehicle platforms and models, expand its battery swapping and charging network, and invest in research and development. The company, which hasn’t posted a profit since it was founded in 2 ...