Nio, formerly NextEV, is preparing for its entry to the U.S. market trying to set up a $2 billion IPO. The company currently sells its ES8 battery-electric SUV in China and may bring it to the U.S. as its first product. Nio is competing with companies like GAC, BYD and others to be the first Chinese-branded vehicle sold in America. See the plans at TheDetroitBureau.com.
Source:: The Detroit Bureau