Home Tag "NIO"

For electric-vehicle maker Nio, government tie-up has its benefits

Chinese electric-car maker Nio Inc. said it had secured credit lines worth 10.4 billion yuan ($1.48 billion) from six domestic banks, just months after inking a cooperation deal with a city government, as the company hunts for funding amid concerns of tightening liquidity. The lenders are all branches of national state-owned commercial banks based in […]

Maharashtra invites Tesla after Elon Musk hints entry into country

NIO, the embattled electric car company, is getting a big bailout from Beijing

Beijing is picking winners and losers in China’s electric vehicle industry. And it appears the Chinese government has chosen to bestow its favor on NIO, a Shanghai-based company listed on the New York Stock Exchange. NIO is establishing a joint venture with a state-owned fund, Beijing E-Town International Investment and Development company (E-Town Capital), the […]

Maharashtra invites Tesla after Elon Musk hints entry into country

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