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Benzinga
Benzinga
World
The Bamboo Works

Nio Enters Race for Lithium with Australian Investment

NIO lithium United States BYD Nio Inc General Motors Argentina China electric vehicle Li Auto

Key Takeaways:

  • Nio Inc. will pay $7.7 million for 12% of Australian miner Greenwing Resources, which holds the rights for the San Jorge Lithium Project in Argentina
  • Nio is the latest electric vehicle maker to purchase lithium assets, following similar moves by domestic rival BYD and global names like Tesla and General Motors
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