Chinese EV manufacturer NIO headed for New York IPO

Chinese electric vehicle manufacturer NIO has submitted an IPO application to the New York Stock Exchange. China holds the world record for electric vehicle sales.

Photo: /Ritzau/AP/Richard Drew

The week after Tesla CEO Elon Musk made his de-listing plans public, Chinese EV manufacturer NIO submitted an Initial Public Offering application to the NYSE, writes Norwegian web media

NIO was established four years ago and reportedly hopes to raise USD 1.8 billion from the IPO.

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