Nio Has To Raise More Cash to Endure

A big interest repayment arrives Feb. 1, but Nio will probably come to an end of money upfront

Numerous reports arrived on Jan. 15 that Nio had raised $1 billion in financing from Guangzhou Automobile Group (OTCMKTS: GNZUF ) wednesday.

Nevertheless, on the South China Morning Post reported that Guangzhou Automobile had confirmed that it would potentially invest up to only $150 million in Nio thursday.

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