Chinese banks got $115 billion of free additional money to use and invest. This is as a result of a government action requiring less cash to be held.......Expect a big announcement about additional financing for NIO, and yes the Chinese government will never let NIO go down if you understand China.
The other chinese company LIXIANG will launch Its IPO in the US in the very near future......Remember that total car sale in China is over 27 million cars, almost 9 million cars over the US sale per year. In Beijing the number of ICE cars are limited by number to 200 or 300 thousand cars with unlimited sales of EV per year. Other Chinese city will follow suit to curb air pollution.
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