GAC NIO, a joint venture between NIO and GAC Group, on Thursday apologised for announcing the use of digital currency without regulatory approval. Photo: Shutterstock
GAC NIO, a joint venture between NIO and GAC Group, on Thursday apologised for announcing the use of digital currency without regulatory approval. Photo: Shutterstock

NIO’s venture apologises for premature embrace of China’s digital currency to buy electric cars without regulatory approval

  • The electric car joint venture between start-up NIO and GAC Group made the announcement on the use of digital currency on Weibo only to withdraw it
  • Carmaker, however, says that it was closely studying the central bank’s policies on digital currency and has been making preparations to use it

Topic |   Electric cars
GAC NIO, a joint venture between NIO and GAC Group, on Thursday apologised for announcing the use of digital currency without regulatory approval. Photo: Shutterstock
GAC NIO, a joint venture between NIO and GAC Group, on Thursday apologised for announcing the use of digital currency without regulatory approval. Photo: Shutterstock
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