Chinese electric vehicle company NIO, backed by Tencent Holdings Ltd., has filed for U.S. initial public offering to raise US$1.8 billion under the symbol NIO, according to its prospectus. Started in 2014 by Chinese entrepreneur Li Bin, NIO has raised over US$2.4 billion in six rounds of investments from investors including Tencent, CITIC Capital, Baidu Inc, Hillhouse Capital, Capital Today, Sequoia Capital, Joy Capital and others. In June, NIO started delivering its first electric car – ES8 a seven-seat SUV. …

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