More Than $1 Billion Raised by Chinese-Backed Electic Car Startup

NIO, a Chinese-backed electric vehicle startup wants to bring an autonomous electric car to the U.S. by 2020, has raised more than $1billion.

Fundraising delays have hindered other Chinese-backed electric car startups.

“NIO’s also the company whose EP9 supercar became the fastest purely electric car around the Nürburgring Nordschleife this year with a time of 6 minutes, 45.9 seconds, so they’re up to some cool stuff beyond just SUVs.”

Read more of the original article at Jalopnik.

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