Tesla shareholder buys big stake in Chinese competitor
![Photo: /Ritzau Scanpix/AP/Richard Drew](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article10257764.ece/ALTERNATES/schema-16_9/20180129-172314-4_63Mb.jpg)
NYSE-listed, Chinese-domiciled electric car manufacturer NIO's share price went up by 22 percent Tuesday following an announcement that Tesla's second-largest shareholder, Baillie Gifford, had purchased an equity position at 11.4 percent, reports CNBC as well as several other media.
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