Tencent-backed EV maker NIO said to price IPO at bottom of target range

Tencent-backed EV maker NIO said to price IPO at bottom of target range

Image of Nio EP9 from the company's website

Chinese electric vehicle start-up NIO Inc priced at the bottom of its targeted price range in its US initial public offering (IPO) on Tuesday, a person familiar with the matter said, dragged down by investor concerns about the prospects of chief competitor Tesla Inc.

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