NIO’s ES8 electric sport utility vehicles are seen on display during the Shanghai Auto Show in April of last year. Photo: Reuters
NIO’s ES8 electric sport utility vehicles are seen on display during the Shanghai Auto Show in April of last year. Photo: Reuters

Cash-strapped Tesla challenger NIO signs preliminary deal for US$1.4 billion funding

  • NIO founder and chief executive William Li Bin vows to continue the electric car maker’s efforts to raise more external financing

NIO’s ES8 electric sport utility vehicles are seen on display during the Shanghai Auto Show in April of last year. Photo: Reuters
NIO’s ES8 electric sport utility vehicles are seen on display during the Shanghai Auto Show in April of last year. Photo: Reuters
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