Chinese electric carmaker NIO unveiled its ET7 model during media day at the Auto Shanghai 2019 trade show on April 16. Photo: Reuters Chinese electric carmaker NIO unveiled its ET7 model during media day at the Auto Shanghai 2019 trade show on April 16. Photo: Reuters
Chinese electric carmaker NIO unveiled its ET7 model during media day at the Auto Shanghai 2019 trade show on April 16. Photo: Reuters

Tesla challenger NIO in talks with carmaker GAC Group for new funding worth US$150 million

  • NIO warned in December that it did not have adequate cash for continuous operation in the next 12 months

Topic |   Electric cars
Chinese electric carmaker NIO unveiled its ET7 model during media day at the Auto Shanghai 2019 trade show on April 16. Photo: Reuters Chinese electric carmaker NIO unveiled its ET7 model during media day at the Auto Shanghai 2019 trade show on April 16. Photo: Reuters
Chinese electric carmaker NIO unveiled its ET7 model during media day at the Auto Shanghai 2019 trade show on April 16. Photo: Reuters
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