Cleaners are seen next to NIO’s self-driving electric concept car, Eve, displayed at during the Auto Shanghai trade show in April of last year. Photo: Reuters Cleaners are seen next to NIO’s self-driving electric concept car, Eve, displayed at during the Auto Shanghai trade show in April of last year. Photo: Reuters
Cleaners are seen next to NIO’s self-driving electric concept car, Eve, displayed at during the Auto Shanghai trade show in April of last year. Photo: Reuters

Cash-strapped electric carmaker NIO obtains US$1 billion lifeline from strategic investors

  • The deal calls for NIO to transfer its core businesses and assets into a new company
  • The new firm, called NIO China, will establish its headquarters in Hefei, capital of eastern Anhui province

Topic |   Electric cars
Cleaners are seen next to NIO’s self-driving electric concept car, Eve, displayed at during the Auto Shanghai trade show in April of last year. Photo: Reuters Cleaners are seen next to NIO’s self-driving electric concept car, Eve, displayed at during the Auto Shanghai trade show in April of last year. Photo: Reuters
Cleaners are seen next to NIO’s self-driving electric concept car, Eve, displayed at during the Auto Shanghai trade show in April of last year. Photo: Reuters
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