Tesla challenger Nio in talks with Guangzhou Automobile Group about financing opportunities
Nio said the New York Stock Exchange had contacted it after the unusual market activity in its American Depositary Shares.
Image: Reuters[/caption]Electric-car makers are battling uncertain demand in China, the world's largest car market, as it rolls back subsidies on new energy vehicles amid criticism that some firms have become overly reliant on funds.Nio on 30 December had warned in its quarterly report that it did not have adequate cash for continuous operation in the next 12 months and it was looking for external financing.US-listed shares of the electric-car maker were jumped 17 percent to $4.40 in late afternoon trading.Nio said the New York Stock Exchange had contacted it after the unusual market activity in its American Depositary Shares.
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