Chinese EV maker prices its shares at bottom of target range

Tesla competitor NIO Inc's NYSE-listing is imminent, and EV maker has priced its shares near the bottom of the target range.

Photo: /Ritzau/AP/Richard Drew

Chinese electric carmaker NIO Inc has priced its shares at the low end of the price target, reports Bloomberg News.

Investors' concern about prime competitor Tesla's prospects are weighing down on the Chinese company.

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