Nio shares surge after it secures $1 billion investment

BEIJING (Reuters) - Nio Inc's shares jumped more than 14% on Wednesday after it said it had secured a 7 billion yuan (794.86 million pounds)investment in Nio China, a new entity controlled by the Chinese electric vehicle maker.The new investment will will smooth its cash flow and guarantee future product developments, Chief Executive William Li told a news conference, adding it will not impact its existing partnerships with Changan [SASAGG.UL] and GAC or the ownership structure of its New..