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NIO Announces RMB3.3 Billion Investment in NIO China from Strategic Investors

Sep 29, 2024

Contract Type

partnership

ShanghaiManufacturingAutomotiveElectronicsElectric VehicleBattery

Description

NIO Inc. has entered into definitive agreements for investment in NIO Holding Co., Ltd., a PRC subsidiary, with Hefei Jianheng New Energy Automobile Investment Fund Partnership, Anhui Provincial Emerging Industry Investment Co., Ltd. and CS Capital Co., Ltd. The investment transaction involves an aggregate of RMB3.3 billion in cash to subscribe for newly issued shares of NIO China.

Company Information

Company

NIO

Location

Shanghai, Shanghai, China

About

NIO is a pioneer and a leading company in the premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS. NIO’s product portfolio consists of the ES8, a six-seater smart electric flagship SUV, the ES7 (or the EL7), a mid-large five-seater smart electric SUV, the ES6, a five-seater all-round smart electric SUV, the EC7, a five-seater smart electric flagship coupe SUV, the EC6, a five-seater smart electric coupe SUV, the ET7, a smart electric flagship sedan, and the ET5, a mid-size smart electric sedan.