Sounds familiar to NIO. They raised a total of $4.1B.
This whole electric hype is interesting to me. Why is it better for the environment? In the end you drive around with however the power from the grid was produced. Even in California that’s only one third renewables. Most is natural gas and nuclear. So, your electric car is driving around with natural gas with an efficiency way worse than petroleum. Besides, disposing the batteries is an issue. Also, the required rare earths might become an issue (especially because China kind of owns the market).
