Nio attracts further investments

Chinese EV start-up Nio (before: NextEV) is said to have raised additional 1bn dollars in its latest financial round, lifting the estimated firm’s value to 5bn dollars.

The new money has been contributed by existing investor Tencent among others and comes just a few weeks ahead of the market launch of the company’s electric SUV Nio ES8. First pictures of the model have been emerged, recently.
reuters.com, autonews.gasgoo.com, carnewschina.com (ES8)