EV startup Nio secures $1 billion investment from China entities

EV startup Nio secures $1 billion investment from China entities
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EV startup Nio secures $1 billion investment from China entities

Chinese electric vehicle startup Nio has secured a $1 billion investment from several state-owned companies in Hefei in return for agreeing to establish headquarters in the city’s economic development hotspot and giving up a stake in one of its business units. The injection of capital comes f…
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