Nio says new 7 billion yuan investment for cash flow, product development

  • 📰 Reuters
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

A 7 billion yuan ($989 million) investment by investors into Nio China, a new entity controlled by Chinese electric vehicle maker Nio Inc, will smooth its cash flow and guarantee future product developments, its CEO said on Wednesday.

FILE PHOTO: NIO ES8 electric SUVs are seen displayed at the second media day for the Shanghai auto show in Shanghai, China April 17, 2019. REUTERS/Aly Song

The investors include state-controlled Hefei Construction Investment Holding Co Ltd, CMG-SDIC Capital Management Co Ltd, and Anhui High and New Technology Industrial Investment Co Ltd. Nio delivered 3,838 vehicles in the first three months this year, and sales and production were recovering in March compared to February.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Yea no thank you not buying that car.

China is a disgrace to the world

Glad to see the yellow man is cracking on as normal.

Fraud chinese companies

Nio... plastic on wheels

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coronavirus Could Spark Surge Of Opportunistic Production Investment Deals: M&A ExpertsEXCLUSIVE: The coronavirus pandemic is likely to present investment opportunities for industry consolidators, as production companies seek a cash boost amid the chaos of the film and TV shutdown, a… Is that, David Tennant?
Source: DEADLINE - 🏆 109. / 63 Read more »

How many stimulus checks are we getting? One, but more could be coming - Business InsiderWe don't know how many stimulus checks there will be, but some lawmakers say Americans should be getting recurring cash payments during the crisis. scottsantens Maybe the only way to get UBI in this country is to just call it something else until everyone realizes how necessary it is?
Source: BusinessInsider - 🏆 729. / 51 Read more »

U.S. banks battle technology issues in race for $310 billion in new small-business aidU.S. bankers racing to grab $310 billion in fresh small-business aid worked through the night on Tuesday, with many battling ongoing technology problems created by 11th hour changes to the first-come-first-served program, multiple bankers said. One of the troubles with this country are the banks, keep them out of the small business loans in the bailout. Keep big Banks out today. Sorry, but this isn't going to go to small businesses. We've already seen what they think is a 'small business'.
Source: Reuters - 🏆 2. / 97 Read more »