Nio secures $471 million in fresh capital from state-owned investors in mainland China
Nio has also committed to an extra 10 billion yuan in fresh capital through the acquisition of new shares in its Chinese entity, Nio China
Electric vehicle manufacturer Nio has secured 3.3 billion Chinese yuan (about $471 million) for its business in mainland China from three state-owned investors, the company said in a press release on Sept. 29.
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