Chinese electric-car maker Nio Inc. said it had secured credit lines worth 10.4 billion yuan ($1.48 billion) from six domestic banks, just months after inking a cooperation deal with a city government, as the company hunts for funding amid concerns of tightening liquidity.
Caixin
For electric-vehicle maker Nio, government tie-up has its benefits
Automaker gets $1.4bn credit line from Anhui province-based banks