GIC Backs Self-Driving Electric Car Manufacturer in China
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. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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