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Stock impact report

Nio says new 7 billion yuan investment for cash flow, product development [Yahoo! Finance News]

NIO Inc. American depositary shares, each representing one Class A ordinary share (NIO) 
Last nio inc. american depositary shares, each representing one class a ordinary share earnings: 3/18 07:30 am Check Earnings Report
NIO ES8 electric SUVs are seen displayed at the second media day for the Shanghai auto show in ShanghaiBy Yilei Sun and Brenda GohBEIJING Reuters) - A 7 billion yuan $989 million) investment by investors into Nio China, a new entity controlled by Chinese electric vehicle maker Nio Inc, will smooth its cash flow and guarantee future product developments, its CEO said on Wednesday.The new investment will boost product development and research, Chief Executive William Li told a news conference, adding it will not impact its existing partnerships with Changan [SASAGG.UL] and GAC or the ownership structure of its New York-listed company.The investors include state-controlled Hefei Construction Investment Holding Group) Co Ltd, CMG-SDIC Capital Management Co Ltd, and Anhui High and New nology Industrial Investment Co Ltd.He said the coronavirus epidemic has had an impact on Nio's supply chain and sales in the first quarter this year but said the negative impact had passed.Nio delivered 3,83 Show less Read more
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