04 May China’s Tesla Rival NIO Turns to State for Financial Lifeline
The Wall Street Journal, April 29, 2020 Roughly $1 billion investment entitles state-owned entities to 24.1% stake in electric-vehicle maker’s China unit By Trefor Moss SHANGHAI— NIO Inc., the embattled electric-vehicle startup once feted as China’s answer to Tesla Inc., has secured a financial lifeline from state investors in...