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EV maker Nio plans Beijing plant, will likely seek a partner: CEO

May 31, 2019

Via: Reuters

BEIJING/SHANGHAI (Reuters) – Chinese electric vehicle (EV) maker Nio Inc is keen to build a production base in Beijing and will likely seek a manufacturing partner, Chief Executive Officer and founder William Li said this week.

His comments come after Nio said on Tuesday that it would form a joint venture with Beijing E-Town International Investment and Development Co Ltd, which will invest 10 billion yuan ($1.45 billion) in the new entity.

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