Chinese EV startup Nio explores investment, tech alliances with Mercedes

Chinese EV startup Nio explores investment, tech alliances with Mercedes

FILE PHOTO: A security guard stands near a delivery center of Chinese electric vehicle (EV) maker Nio in Nanxiang, Shanghai, China March 23, 2023. REUTERS/Aly Song/File Photo

Nio has held exploratory talks with Mercedes-Benz for a tie-up that would see the German automaker invest in the Chinese electric vehicle startup in exchange for technology, two people with direct knowledge of the matter said.