EVsCnEVPostabout 2 hours ago
Nio invests in CXMT's blockbuster IPO
1 min read
A Nio subsidiary committed 158 million yuan for CXMT shares in its IPO, securing an 18-month lock-up. The investment aims to stabilize automotive-grade memory chip supply as rising memory prices pressure EV makers. CXMT, China's largest DRAM maker, could raise 66.6 billion yuan in the IPO.
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