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

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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