Electric vehicle maker Nio eyes listing of new China entity

Electric vehicle maker Nio eyes listing of new China entity

FILE PHOTO: Chinese electric vehicle start-up NIO Inc. logo is on display in front of the New York Stock Exchange (NYSE) to celebrate the company’s initial public offering (IPO) in New York, U.S., September 12, 2018. REUTERS/Brendan McDermid

Electric vehicle (EV) maker Nio Inc’s chief executive said it may list its new Nio China entity, as the cash-strapped company eyed a rebound after selling fewer vehicles during the coronavirus outbreak.

Nio secured a 7 billion yuan ($989 million) investment in Nio China from state-controlled investors last month.

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