Since its inception in 2016, Nio Capital has raised five funds, including three US dollar funds and two RMB funds, with a total management scale of RMB 15 billion.
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EV sales are still booming in California—and they continued to capture an even larger piece of the market in 2023. Although there was a slight downturn in the market share of EVs toward the end of 2023, EVs finished the year up 5% in market share in the Golden State versus 2022. And looking at all of 2023, BEVs added up to 33.8% of the...