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BottomBounce

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BottomBounce

Re: Global Interface post# 12219

Friday, 06/07/2019 12:29:57 PM

Friday, June 07, 2019 12:29:57 PM

Post# of 12269
$NIO China’s Nio Inc will form a joint venture with Beijing E-Town International Investment and Development Co. Ltd which will invest 10 billion yuan ($1.45 billion) in the new entity, the electric vehicle (EV) maker said in a statement on Tuesday.

E-Town Capital will support a new manufacturing facility for Nio’s next-generation platform 2.0 (NP2) vehicles, it said, adding the parties are continuing to work towards a final binding definitive agreement on the investment.

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