BEIJING (Reuters) – Nio Inc, one in every of China’s high-profile electrical automobile startups, disclosed a contemporary money-raising push this week, saying it had issued $200 million value of bonds and was accelerating cost-cutting packages to gradual money burn as the corporate seeks to draw extra buyers in a slumping market.

FILE PHOTO: Chinese language electrical automobile start-up NIO Inc. automobile is parked in entrance of the New York Inventory Trade (NYSE) to rejoice the corporate’s preliminary public providing (IPO) in New York, U.S., September 12, 2018. REUTERS/Brendan McDermid

Loss-making Nio is essentially the most outstanding amongst dozens of Chinese language electrical automobile startups vying…

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