NIO Capital, a private equity fund established by Chinese electric car company NIO, is close to completing the first round of a US$500 million offshore fund that will invest in new automotive technologies, according to media reports. NIO Capital did not immediately respond to China Money Network’s email seeking for comment. The company is in talks with sovereign wealth funds, energy and insurance companies in Asia and Europe as potential investors for the dollar-denominated fund. The new fund will also …

NIO Capital Said Raising $500M Offshore Fund For Auto Investment appeared first on China Money Network.