Cash-strapped EV startup Nio has been thrown a lifeline by a consortium of Chinese state-owned enterprises. Under the deal announced Wednesday, Nio will receive 7 billion yuan (approximately $1 billion) from a consortium of investors led by Hefei City Construction and Investment Holding, CMG-SDIC Capital, and Anhui Provincial Emerging Industry...
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Thursday, April 30, 2020
Nio thrown a lifeline by Chinese state-owned entities
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