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Nio joins race for cash with share sale

Workers install batteries onto an electric utility vehicle at a Nio Inc. production facility in Hefei, China.
Workers install batteries onto an electric utility vehicle at a Nio Inc. production facility in Hefei, China. (BLOOMBERG/Bloomberg)
JF
By:
JULIA FIORETTI
B
By:
Bloomberg
|
December 11, 2020 12:17 PM

Chinese electric-vehicle maker Nio Inc. joined the rush for fundraising among new-energy vehicle manufacturers, capitalizing on a 11-fold increase in its share price this year to boost its coffers.

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