In addition, the company also renewed its Autonomous Vehicles Testing Permit from the California Department of Motor Vehicles which places it alongside 60 other businesses, including Uber, Tesla, and Waymo, who have received the same permit.
“Our group performance and the used market in general has been very strong in January and February for the dealer and fleet sector as the Hatfields and Wakefield performance has reinforced,” explained Neil Hodson, Aston Barclay’s group CEO.
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.
Recently, Turo entered into an agreement with Allianz to gain access to additional British and German consumers. This agreement will also provide insurance to cover both vehicle owners and consumers during travel.
GM claims its new electric cars will have a range of 400 or more miles, be able to charge 100 miles in around 10 minutes, and go from zero to 60 in three seconds. All of these specs would match up or improve on Tesla's current vehicle slate.