Chinese Electric Vehicle Maker NIO divests from US listing, creating new entity “NIO China” in order to receive $1.5bn in state funding

asia.nikkei.com/Spotlight/Electric-cars-in-China/China-s-NIO-to-receive-1.5bn-state-investment-as-EV-subsidies-fade The Shanghai-based, New York-listed company announced on Tuesday it has entered into a framework agreement with Beijing E-Town Capital to establish a new entity, NIO China, in the city’s … Read more