PALO ALTO, U.S. -- Chinese electric vehicle maker Nio announced a plan to sell up to $2 billion worth of new equity in the U.S. on Wednesday, leading to the sharpest dip in the price of its New York-listed shares since a fatal crash involving the company's self-driving system was reported in August.
Electric cars in China
Nio plans up to $2bn US share sale to help wage China EV wars
But New York-listed stock sinks 6%, continuing its 2021 decline
Nio faces an investigation in China after a car owner died in a crash while the vehicle's driving assistance system was on. © Reuters
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