Chinese EV brand NIO's power solutions arm raises $207m strategic financing

Chinese EV brand NIO's power solutions arm raises $207m strategic financing

Photo from Nio Power

Nio Power, a subsidiary of the publicly-listed Chinese electric vehicle (EV) maker NIO, has secured 1.5 billion yuan ($207 million) in strategic financing to fuel the growth of its network of charging and battery-swapping facilities.

Edited by: Padma Priya