Chinese electric car company Nio seeks to raise $1.8 billion in IPO

Chinese electric car company Nio seeks to raise $1.8 billion in IPO

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/08/13/nio-chinese-electric-car-ipo-filing.html

Nio, a Chinese company that makes electric cars, has filed to go public on the New York Stock Exchange. The company said in a filing on Monday that it's looking to raise as much as $1.8 billion in the initial public offering.

The company represents new competition to automakers like Tesla that are adopting electric systems and increasingly seeking to automate certain aspects of driving.