TechNode
NIO has received a RMB 2.8 billion ($386 million) cash infusion from two investment firms controlled by the local governments of eastern China’s Anhui province and its capital city Hefei, where the Chinese electric vehicle maker operates its manufacturing plants, according to public information. The total amount of investment in NIO Holdings Co…
Read More
China’s NIO receives investment from local government funds
Jill Shen
05:23
NIO has received a RMB 2.8 billion ($386 million) cash infusion from two investment firms controlled by the local governments of eastern China’s Anhui province and its capital city Hefei, where the Chinese electric vehicle maker operates its manufacturing plants, according to public information. The total amount of investment in NIO Holdings Co…
