Tesla’s Top Investor Baillie Gifford Takes 11.4% Stake In Chinese EV firm NIO

Investment management firm Baillie Gifford & Co., the second largest investor in Tesla, has taken an 11.44% stake in Chinese electric vehicle automaker NIO, according to a regulatory filing on Tuesday. The U.K.-based Baillie Gifford disclosed that it owns 85.3 million NIO shares, which were valued at US$515 million as of Monday closing. The latest disclosure […]

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