[New-energy vehicles] Tencent-investing auto company to release new battery electric vehicle this month

SHANGHAI, Dec.8 (SMM)－After getting new-round $1 billion financing led by Tencent, NIO Auto will go into the procedure of IPO. The company’s new model of battery electric vehicle for mass production, ES8, will be released to the market on Dec.16, which is estimated to be sold at 500,000 yuan.

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