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.

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