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Nio says new 7 billion yuan investment for cash flow, product development

Nio says new 7 billion yuan investment for cash flow, product development

Postby smix » Thu Apr 30, 2020 12:00 am

Nio says new 7 billion yuan investment for cash flow, product development
Reuters

URL: https://www.reuters.com/article/us-nio- ... SKCN22B0NL
Category: technologyNews
Published: Wed, 29 Apr 2020 04:13:18 -0400

Description: A 7 billion yuan ($989 million) investment by investors into Nio China, a new entity controlled by Chinese electric vehicle maker Nio Inc, will smooth its cash flow and guarantee future product developments, its CEO said on Wednesday.
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