Chinese electric vehicle start-up NIO, which launched its first production car the ES8 in December last year, aims to raise US$2 billion from its planned initial public offering in the United States. Photo: Reuters
Chinese electric vehicle start-up NIO, which launched its first production car the ES8 in December last year, aims to raise US$2 billion from its planned initial public offering in the United States. Photo: Reuters
IPO
Tech /  Big Tech

Electric car start-up NIO prepares US$2b IPO in Tesla’s home turf

NIO, which counts Chinese technology giants Tencent, Baidu and Xiaomi among its investors, eyes public listing on Nasdaq or the New York Stock Exchange at a valuation of US$15 billion

Sarah Dai
Sarah Dai

Updated: 10:53pm, 28 Feb, 2018

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Chinese electric vehicle start-up NIO, which launched its first production car the ES8 in December last year, aims to raise US$2 billion from its planned initial public offering in the United States. Photo: Reuters
Chinese electric vehicle start-up NIO, which launched its first production car the ES8 in December last year, aims to raise US$2 billion from its planned initial public offering in the United States. Photo: Reuters
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