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NIO Inc. (NYSE:NIO), (UXIN) – Why Nio Is Investing In Chinese On line Used Auto Seller Uxin

Chinese EV manufacturer NIO Inc – ADR (NYSE: NIO), which has a strong aggressive positioning in the Chinese EV market, is investing in a employed automobile retailer.

What Occurred: Beijing-centered Uxin Ltd (NASDAQ: UXIN), which operates as a nationwide online employed auto vendor in China, explained Nio Funds, the undertaking money arm of Nio, and Joy Money have agreed to make investments up to $315 million in the organization.

Concurrently, Uxin mentioned it has agreed with its convertible observe-holders, like 58.com, TPG and Warburg Pincus, to transform their convertible notes in an mixture principal volume of $69 million into

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