NIO Capital nears completing first round of $500m auto fund to tap new tech

NIO Capital nears completing first round of $500m auto fund to tap new tech

NIO Capital's Zhang Junyi. Photo: Bloomberg TV

NIO Capital, the investment firm backed by Chinese electric-vehicle startup NIO, is close to completing the first round of its $500 million offshore fund that will put money in new automotive technologies, according to people with direct knowledge of the matter.

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