VWAGY - Nio And Mercedes-Benz In Early Talks For Potential Technology Swap: Report | Benzinga
Nio Inc (NYSE: NIO) and Mercedes-Benz (OTC: MBGAF) have been in preliminary discussions about a potential collaboration, as per insiders acquainted with the situation.
The collaboration might witness the German automotive powerhouse investing in the Chinese electric vehicle (EV) firm, with the promise of technology exchange.
Earlier this year, William Li, the founder and CEO of Nio, had a conversation about this prospective alliance with Mercedes' CEO Ola Kaellenius, reported Reuters.
However, the specifics of the technological transfer or financial involvement never reached an advanced stage.
One source mentioned that Nio initiated ...