Private equity firm Hillhouse sells off its Nio shares

By Jill Shen

Feb 17, 20202 min read A Nio showroom in Beijing on Sept. 28, 2019. (Image credit: TechNode/Coco Gao)

Hillhouse Capital, a longtime Nio investor and once its third-largest shareholder, sold off its holdings in the Chinese electric vehicle (EV) fi…

Nio raises $100 million but faces delivery delays

By Jill Shen

Feb 7, 20202 min read Nio held its annual launch event, Nio Day, in Shenzhen on Saturday, Dec. 28, 2019. (Image credit: Nio) Cash-strapped electric vehicle maker Nio has raised $100 million in convertible bonds, relieving immediate cash flow concern…

GAC, Nio in talks about investment of up to $150 million

By Jill Shen

Jan 16, 20202 min read Feng Xingya (left), president of Guangzhou Automobile Group shaking hands with Nio founder William Li (right) in Guangzhou in December 2017. (Image credit: GAC) China’s Guangzhou Automobile Group (GAC) on Thursday confirmed th…