Chinese EV maker Nio invests in nuclear fusion startup
Chinese electric vehicle maker Nio has invested in a startup firm that is developing fusion technologies, according to a source with direct knowledge and a company filing, placing more bets in other areas of the energy sector.
The newly established company, Neo Fusion, will research and develop technologies to bring controlled fusion for commercial uses globally in two decades, the source said.
With registration capital of 5 billion yuan ($723.37 million), Neo Fusion is 50% controlled by China’s eastern province of Anhui government-owned energy companies and investment arms, according to the company’s registration filing.
