NIO Energy Gets $215M Strategic Investment

TapTechNews May 31 news, tonight, NIO Energy Investment (Hubei) Co., Ltd. received a 1.5 billion Chinese yuan ($215 million) strategic investment from institutions such as Wuhan Guangchuang Xinxing Technology Phase I Venture Capital Fund Partnership (Limited Partnership) (TapTechNewshereinafter referred to as Wuhan Guangchuang Fund).

According to the introduction, this round of strategic investment will be used for technological R & D, manufacturing, operation and maintenance in the fields of charging, battery swapping, energy storage, battery services, energy internet, etc., the layout and development of NIO Energy's charging and swapping infrastructure, and support the investment in the innovative business of vehicle-grid interaction.

NIO official said that the introduction of this round of 1.5 billion Chinese yuan ($215 million) strategic investment has optimized the capital structure of NIO Energy and provided financial assistance for its rapid development and laid a more solid foundation.