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 […]
- Alternatives
- Asia
- Baidu
- China
- Government of Singapore Investment Corporation
- HERE
- Hillhouse Capital
- IDG Capital
- Joy Capital
- NIO