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NIO Stock Surges. The Chinese EV Maker Gets New Investment.
Chinese electric vehicle maker NIO is getting new investment and its shares surged Monday. EV shares have had a bumpy year as demand cooled for the vehicles and China’s economy struggled to recover from a prolonged property slump.
Chinese EV Maker Nio Surges on $1.9 Billion Investment
Nio
's U.S.-listed shares surged Monday after the company announced a new $1.9 billion investment. 3.3 billion Chinese yuan will come from outside investors, with another 10 billion coming from the
EV
maker
's parent company.
Nio
and other Chinese companies ...
Unit of Chinese EV maker Nio gets US$471 million in fresh funding for new models
A subsidiary of Chinese electric vehicle (EV) assembler Nio has received 3.3 billion yuan (US$471 million) in fresh capital from a consortium of investors backed by the government of Hefei in eastern China's Anhui province,
NIO gets $471 million in Chinese state-backed funds
"As this little tree grows into a big tree, and eventually into a forest, Hefei and Anhui continue to nurture and cultivate it,” said NIO's CEO William Li.
14h
on MSN
Nio’s stock soars again after investment deal that could grow to $4.8 billion
Nio’s U.S.-listed stock shot up toward another double-digit gain on Monday, after a disclosure of a new big investment and a ...
1h
NIO Turned The Corner And The Stock Is Ready To Advance
NIO's growth is driven by increasing vehicle deliveries, battery-as-a-service plans, and international expansion. Read why ...
10h
Why Nio Stock Surged Again Monday and Could Keep Rising
Nio may provide more information on the Onvo brand when it reports its September vehicle delivery results tomorrow morning.
Electrek
7h
NIO (NIO) stock climbs after securing huge $470 million cash injection
China’s NIO (NIO) just received a $470 million cash investment as it prepares for its next growth stage. With the new funding and the launch of its low-cost Onvo brand, NIO is laying the groundwork to ...
8h
NIO Rallies 90%; But Is It The Best China Proxy?
While NIO's price has nearly doubled, its growth may be plateauing. See more about NIO stock and why other Chinese stocks may ...
Business Times
1d
Nio China unit to get 13.3 billion yuan from parent, investors
CHINESE electric vehicle (EV) maker Nio Inc plans to pump in 13.3 billion yuan (S$2.4 billion) into its China unit with a mix ...
9d
Prediction: This Will Be Nio's Next Big Move
After years of fits and starts, it appears that Nio is finally hitting its stride in vehicle production and sales growth.
3d
A Little Good News for Nio Investors
After struggling to revive its economy, China has decided to cut rates and prepare a stimulus package -- good news for Nio.
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