FUNDING: Chinese EV maker NIO raises around USD1 billion from strategic investors
Under the agreement, investors will collectively hold 24.1% controlling equity interests in NIO China
EV maker NIO has entered into a definitive agreement with Hefei City Construction and Investment Holding, CMG-SDIC Capital and Anhui Provincial Emerging Industry Investment to raise CNY7 billion (USD989 million), the company announced in a press release on 29 April.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
