Nuclear fusion energy company, Neo Fusion, controlled by several state-run energy companies and capital firms of the eastern Chinese province of Anhui, raised RMB 995 million ($142 million) from electric vehicle maker Nio, Reuters reported on May 19. Nio Capital, the venture capital firm set up by Nio’s chief executive William Li, invested a further RMB 505 million into Neo Fusion, the report said, citing a company filing and someone familiar with the matter. Nio Capital and Nio jointly take 30% of the startup, while Anhui Province Energy Co., Ltd, among several state-owned firms, hold a combined 50% in the company, according to a regulatory filing published on April 19. [TechNode reporting, Reuters]