This is the third time Nio raised funds via private placement in the last month. The company sold convertible notes and raised $70 million at the beginning of February and another $100 million in the middle of the same month.
“China’s digital services economy has prospered during the crisis as people shifted to online consumption,” said Bill Russo, CEO of consulting firm Automobility Ltd. “This will accelerate the commercialization of autonomous service delivery solutions. Neolix and others stand to benefit.”
The wallbox is designed not only to meet the surging demand for quality yet affordable connected charging in homes and businesses but also supports the growing generation of renewable energy users who want to harness and manage the consumption of their own power.
Waymo expounds at length on the technological marvels of its latest 5th generation self-driving technology which includes 5 lidar units, 29 cameras, and a bunch of radar units grafted onto the roof of the vehicles and sprouting from all four corners in self-contained pods.