Nio $NIO-5.2% goes to the fusion!
Chinese electric vehicle manufacturer Nio has invested in Neo Fusion, a company developing fusion technology.
Neo Fusion is to research and develop technologies aimed at bringing controlled fusion to commercial use worldwide within two decades.
NIO
NIOCapital Structure
Market Cap
8.0B
Enterpr. Val.
67.0B
Valuation
P/E
-2.5
P/S
1.1
Financial data in the company's registration filing shows that the fusion company has a capital of CNY5 billion (USD723.37 million) and is 50% controlled by China's eastern Anhui province, a government-owned energy company.
Nio invested CNY995 million for a 19.9% stake, while Nio Capital, an investment company founded by Nio CEO William Li, invested CNY505 million for a 10.1% stake.
Thanks for the report, I don't have shares, but it's certainly interesting and I sincerely hope the plan works out.
I don't own the stock, but I'm rooting for them and hope the development of this technology goes quickly. It's still a very controversial topic among people (probably because of the word nuclear), but for me it's a fine way to go :)
Wow, that's cool! I escaped from China, but this, nuclear fusion for such a use. We'll be going to the gas station for nuclear. Well, if I live to see it, it's gonna be a very different world. 😁
Interesting news, I really wasn't expecting this. I think if this goes well we'll all have it at home 😀
Well, that's very interesting. Cars on small nuclear reactors like submarines? OK...
In a couple of decades it will be the Chinese version of the Tata group? :D
Wow, interesting news, I wouldn't expect that from NIO :D