Tesla’s China rival Nio joins race for cash with share sale

Business / Corporate Dec 11, 2020

Tesla’s China rival Nio joins race for cash with share sale

Chinese electric-car maker Nio Inc. joined the rush for fundraising among new-energy vehicle manufacturers, capitalizing on a 11-fold increase in its share price this year to boost its coffers. The manufacturer is selling 60 million American depositary shares in a follow-on offering, and has the ...