Chinese electric carmaker Nio seeks public funding in US

Nio Formula E race car, EP9, ES8 and Eve concept carChinese electric carmaker Nio has filed for an initial public offering to sell its stock in the U.S., according to a Reuters report Tuesday. The company, which has built a Formula E race car, an exotic electric sports car, and an electric SUV for China, is looking to ramp up production and build a smaller, more affordable SUV. It will trade on the...