NIO denies fundraising report claiming it’s considering raising $3B from investors
September 25, 2023
Pioneering Chinese EV maker NIO denied a fundraising report Monday that claims that the company is considering raising $3 billion from investors.
The report from Bloomberg stated, “NIO is considering raising around $3 billion from investors,” sourcing people familiar with the matter.
According to the sources, NIO approached investors in the Middle East, suggesting fundraising could happen…