Nio is taking steps to secure raw materials for battery production. The automaker is purchasing an approximate 12.16% stake in Greenwing Resources, an Australian-based lithium company. Nio will pay A$12,000,000 to the lithium company for a total of 21,818,182 shares at 0.55 per share (Placement). it will also have the right to be nominated to Greenwing’s board … Continue reading Nio buys 12% stake in lithium mining company