Corrected: China EV firm Nio becomes a cornerstone investor in CXMT
15/07/2026 05:02
CORRECTED-China EV firm Nio becomes a cornerstone investor in CXMT Corrects story to say the cited media report only says NIO is investing in CXMT's IPO, not signing deal to procure DRAM chips
BEIJING, July 15 (Reuters) - Chinese electric-vehicle maker Nio has become a cornerstone investor in ChangXin Memory Technologies (CXMT), China's largest DRAM chipmaker, ahead of the latter firm's initial public offering.
Nio invested 158 million yuan ($23.34 million) in CXMT, according to a stock filing from CXMT.
($1 = 6.7683 Chinese yuan renminbi)
(Reporting by Che Pan and Laurie Chen; Editing by Muralikumar Anantharaman)
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