Sentences with phrase «car startup nio»

If true, though, it would mean Faraday — which has had notable struggles to even finish the design of its first car, despite having spent hundreds of millions of dollars so far — managed to raise nearly as much as electric car startup NIO reportedly netted in a recent round of fundraising.

Not exact matches

You know NIO — the Chinese - backed startup formerly known as NextEV — from the NIO EP9, what they claim is the world's fastest electric car and one that just set some impressive lap records at Circuit of the Americas.

The Chinese - backed electric vehicle startup NIO raised more than $ 1 billion in its latest fundraising round, Reuters reported on Wednesday, breaking away from a crowded field of young Chinese - funded car firms who've notably struggled to raise money for their own ambitious endeavors.