Electric vehicle startup NIO, raise more than $1 billion

The Chinese-backed electric vehicle startup NIO raised more than $1 billion in its latest fundraising round, Reuters reported on Wednesday, breaking away from a crowded field of young Chinese-funded car firms

New investors in the round include U.S. hedge fund Lone Pine Capital, Chinese investment firm CITIC Capital according to reports.

oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil”

Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook

#FOLLOW US ON INSTAGRAM