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.