SHANGHAI -- Chinese electric vehicle maker Nio will receive a $2.2 billion strategic investment from a fund backed by Abu Dhabi, the company said Monday, as it bolsters finances in the face of growing competition.
Automobiles
China EV maker Nio secures $2.2bn investment from Abu Dhabi
Cash injection from Middle East to help automaker better compete in crowded field
Nio has suffered years of losses as it invests aggressively in research and development. (Photo by Tomoko Wakasugi)
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