GIC Backs Self-Driving Electric Car Manufacturer in China

Posted on 03/16/2017

Tesla Motors and other electric car manufacturers have garnered the attention of sovereign wealth capital. Shanghai-based electric car maker NIO, formerly known as NextEV, raised 600 million RMB (US$ 86 million) in a funding round led by Shenzhen-based Tencent Holdings Ltd. and Baidu Inc. Other investors in the round include IDG Capital, TPG Capital, Hillhouse […]