Electric vehicle maker Nio's new China entity to draw investment of 7 billion yuan
https://www.reuters.com/article/us-nio-investment/electric-vehicle-maker-nios-new-china-entity-to-draw-investment-of-7-billion-yuan-idUSKCN22B0NL
Strategic investors will inject 7 billion yuan ($989 million) into Nio China, a new entity controlled by Chinese electric vehicle maker Nio Inc, the firm said on Wednesday.