Electric carmaker Nio begins trading on NYSE, aims to sell cars in US

Nio Formula E race car, EP9, ES8 and Eve concept carChinese electric carmaker Nio raised roughly $1 billion in its initial public offering Wednesday on the New York Stock Exchange. In August, Nio [NYSE: NIO] announced that it hoped to raise $1.3 billion in its initial public offering. Wednesday’s launch around $6 per share fell short of that, but trading jumped Thursday and Friday well above its…
Source: Hybrid and Electric Car News and Reviews