Category: Auto

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NIO Invests $273M to Set Up Battery Tech Firm

NIO Invests $273M to Set Up Battery Tech Firm

A new entity called NIO Battery Technology (Anhui) Co., Ltd. was established on October 21, with NIO founder William Li serving as chairman and with registered capital of 2 billion ($273 million). The company is 100% controlled by EV firm NIO.

10/25/20223 min read