NIO: Looking To Take The Business To The Next Level

Update - Sept. 28, 2023 Not really sure what to make of NIO possibly seeking even more investments. The converts were a disaster, but the stock has probably bottomed here on the potential Mercedes deal. -NIO (NYSE:NIO) tracked higher in early trading on Thursday off a report that the Chinese electric vehicle maker has held exploratory talks with Mercedes-Benz Group AG (OTCPK:MBGAF) for a strategic tie-up. -Sources told Reuters that the proposed partnership would include the German automaker investing in NIO (NIO) in exchange for technology. NIO (NIO) CEO William Li is said to have discussed the potential collaboration with Mercedes-Benz (OTCPK:MBGAF) CEO Ola Kaellenius earlier in the year. However, there has been resistance within Mercedes-Benz (OTCPK:MBGAF) to pushing ahead with a deal and the talks reportedly did not reach a stage where details on the technology to be transferred and terms of a financial investment were discussed. Original article posted on Aug. 28 ...