Beijing E-Town Capital inks JV with Nio, to invest $1.45b in new entity

Beijing E-Town Capital inks JV with Nio, to invest $1.45b in new entity

A NIO Eve autonomous concept electric car. Photographer: Qilai Shen/Bloomberg

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.

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