Nio, the electric-car maker formerly known as NextEV, has raised a substantial amount of money in its latest round of fundraising. The Chinese startup reportedly received a stunning $1 billion in funding, with Chinese investment powerhouse Tencent leading the charge. Notably, Tencent also holds a stake in Silicon Valley automaker Tesla. DON'T MISS: Nio electric SUV, from Chinese NextEV, to have 'Toyota cost' and 'Tesla range' Nio has emerged as a frontrunner among an ocean of Chinese electric-car startups after it launched its first production car: the EP9 electric supercar. Following the...
Nio Eve concept is yet another Chinese luxury electric SUV, this one autonomous
Chinese startup NextEV is the latest company attempting to replicate the success of Tesla with a long-range electric car. NextEV launched its Nio brand last year in dramatic fashion with the EP9—a 1,360-horsepower electric supercar. At the time, the company noted it was developing a model...Stephen Edelstein
Nio electric SUV, from Chinese NextEV, to have 'Toyota cost' and 'Tesla range'
NextEV's Nio brand will offer an electric SUV aimed at the Tesla Model X.Stephen Edelstein