Nio $NIO goes to the fusion!

· May 19

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.

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.

Bill Combs @billcombs May 20

Thanks for the report, I don't have shares, but it's certainly interesting and I sincerely hope the plan works out.

Daniela Duong @danieladuong May 20

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 :)

Monday Dayton @mondaydayton May 19

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. 😁

Randolf Babcock @randolfbab May 19

Interesting news, I really wasn't expecting this. I think if this goes well we'll all have it at home 😀

Ashraf Aboudar @ashraf_dd May 19

Well, that's very interesting. Cars on small nuclear reactors like submarines? OK...

Christian Cleveland @christiancleveland May 19

In a couple of decades it will be the Chinese version of the Tata group? :D

Barrett Gardener @justbarrett May 19

Wow, interesting news, I wouldn't expect that from NIO :D

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