Tesla challenger Nio says strategic talks with Guangzhou Automobile in early stage
Share:
(Reuters) - Tesla challenger Nio Inc said on Wednesday it was exploring financing and strategic opportunities with Guangzhou Automobile Group , but the talks are in preliminary stage. Earlier in the day, news website Sina Finance reported that Nio was in talks with Guangzhou to finance up to $1 billion, sending U.S.-listed shares of the electric-car maker up about 17% in heavy trading.Nio said the New York Stock Exchange had contacted it after the unusual market activity in its American..