Chinese EV maker Nio raises a lot more than $700 million in cash injection from Abu Dhabi

Chinese EV maker Nio raises a lot more than 0 million in cash injection from Abu Dhabi

Key Points

Chinese electric powered car or truck enterprise Nio declared Tuesday it been given $738.5 million in new funds from a fund owned by the Abu Dhabi government.
The offer was priced at $8.72 a share, a release claimed. That’s 6.7% down below wherever Nio’s U.S.-stated shares shut Tuesday.
In the last many months, Center East traders have progressively seemed for chances in China, especially in electrical automobiles.

Supply

Finance

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Check out the companies making headlines in premarket trading. Brighthouse Financial — Shares soared 23% after the Financial Times reported that Aquarian Holdings is in advanced talks to buy the North Carolina-based life insurer and take it private. Amazon — The e-commerce company and web services provider beat earnings expectations, boosting its stock 12%. Amazon […]

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More retirement investors opting for ‘good enough’ stock portfolio strategy to protect their market money

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Pony.ai becomes first to win citywide robotaxi permit in China’s Silicon Valley

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Key Points Pony.ai is the first firm cleared to run robotaxis throughout Shenzhen. The move expands autonomous taxi services beyond pilot zones in Chinese cities. Pony.ai will start rolling out the self-driving taxis in parts of Shenzhen before expanding coverage. Source