China’s smart electric vehicle player NIO Anhui raises $679m from investors

China’s smart electric vehicle player NIO Anhui raises $679m from investors

NIO

New York-listed Chinese smart electric vehicle company NIO Inc on Tuesday said that its fully-owned unit NIO (Anhui) Holding Co Ltd has received a cash injection of 4.8 billion yuan ($679 million) in line with an agreed payment schedule with strategic investors.