Tesla challenger Nio says talks with Guangzhou Automobile in early stage
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(Reuters) - Tesla challenger Nio Inc said on Wednesday it was exploring financing and strategic opportunities with Chinese automaker Guangzhou Automobile Group , but the talks were in a 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.Electric-car makers are battling uncertain demand in China, the world's largest car..