Nio, the electric-car maker formerly known as NextEV, has raised a substantial amount of money in its latest round of fundraising. The Chinese startup reportedly received a stunning $1 billion in funding, with Chinese investment powerhouse Tencent leading the charge. Notably, Tencent also holds a stake in Silicon Valley automaker Tesla. DON'T... Chinese electric-car startup Nio gets $1 billion in funding: report
Nio, the electric-car maker formerly known as NextEV, has raised a substantial amount of money in its latest round of fundraising. The Chinese startup reportedly received a stunning $1 billion in funding, with Chinese investment powerhouse Tencent leading the charge. Notably, Tencent also holds a stake in Silicon Valley automaker Tesla. DON'T... 
Chinese startup NextEV is the latest company attempting to replicate the success of Tesla with a long-range electric car. NextEV launched its Nio brand last year in dramatic fashion with the EP9—a 1,360-horsepower electric supercar. At the time, the company noted it was developing a model that would be at least a bit more relevant to the... 
Among the many startups looking to repeat the success of Tesla Motors, China's NextEV has somewhat flown under the radar. But the company is now discussing concrete plans for its future electric cars under a new brand called Nio. NextEV launched the Nio brand in dramatic fashion last month with the announcement of the EP9, a 1,360-horsepower...