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Global Trade Alert

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China: Struggling electric vehicle firm gets $1.45bn cash injection from government

Description

On May 28th, 2019, according to consistent press reports, it was revealed that the Chinese electric vehicle (EV) manufacturer NIO had formed a joint venture with the state-owned firm E-Town Capital, w...

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Intervention Details

Intervention Type

Equity stake

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

28 May 2019

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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