Chinese electric car start-up NIO has submitted an IPO to the U.S. Securities and Exchange Commission, hoping to raise 1.8 billion US dollars on the New York Stock Exchange.

 

中国电动汽车初创公司蔚来汽车向美国证券交易管理委员会提交IPO申请，希望能在纽约证券交易所筹资18亿美元。

 

Backed by Tencent, NIO has already raised 2.4 billion US dollars in several previous rounds of private financing.

 

The electric carmaker officially launched its first model of ES8, a seven-seat electric SUV, in late 2017 in China. The company has already produced 1,300 ES8's, with close to 500 having been delivered.

 

NIO was founded in November 2014. The company has research and development, design and manufacturing centers in Shanghai, Beijing, San Jose, Munich, London and nine other locations around the world. 

 

NIO plans to launch its second SUV, the ES6, which will be a lower-level model from the ES8. The ES6 is slated¹ for deliveries by the middle of 2019.

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