What's next for NIO stock after $470 million strategic investment?
NIO(NIO) Finbold·2024-09-30 16:45
Following a deal on a massive injection of funds its Chinese subsidiary will receive from strategic investors, the NIO Inc. (NYSE: NIO) stock is already soaring in pre-market trading, signaling further advances as the partners fulfill the obligations set up in this funding.Specifically, NIO has entered into definitive agreements for its Chinese subsidiary, in which it holds 92.1% controlling equity interest, with Hefei Jianheng New Energy Automobile Investment Fund Partnership, Anhui Provincial Emerging Ind ...