Nio to license technology to Middle East start-up
Chinese electric-car builder Nio has signed a deal to license its technology to Forseven, a unit of Abu Dhabi government fund CYVN Holdings, in the latest sign of China’s increasing influence in the global electric vehicle (EV) industry, reports the South China Morning Post. Shanghai-based Nio, via its subsidiary Nio Technology (Anhui), allows Forseven, an…
Source: chinaeconomicreview.com
