NIO Secures 3.3 Billion RMB in Strategic Investment, with 10 Billion RMB from Company

TapTechNews September 29th news, NIO officially announced today that NIO Inc. has signed a strategic investment agreement with three existing shareholders of NIO Holding Limited - Hefei Jianheng New Energy Automobile Investment Fund Partnership (Limited Partnership), Anhui High-Tech Industry Investment Co., Ltd., and SDIC Merchants Investment Management Co., Ltd.

According to the agreement, the strategic investors will increase capital by 3.3 billion RMB in cash to subscribe for the newly issued shares of NIO China, and NIO Inc. will also inject 10 billion RMB in cash to subscribe for the newly issued shares of NIO China.

NIO's founder, chairman and CEO Li Bin said that NIO's monthly delivery volume has exceeded 20,000 units for four consecutive months, and the order of the LeDao L60 exceeded expectations after its listing, and the national delivery started on the 28th.

In综合 TapTechNews' previous reports, in May this year, NIO Energy Investment (Hubei) Co., Ltd. received 1.5 billion RMB in strategic investment from institutions such as Wuhan Guangchuang Xinxing Technology Phase I Venture Capital Fund Partnership (Limited Partnership) (referred to as Wuhan Guangchuang Fund). This round of strategic investment will be used for the technical research and development, manufacturing, operation and maintenance in the fields of charging, battery swapping, energy storage, battery services, energy Internet, etc., as well as the layout and development of NIO Energy's charging and swapping infrastructure, and to support the investment in the innovative business of vehicle-grid interaction.

On January 1 this year, Anhui Energy Group Co., Ltd. (Wan Neng Group), Anhui Provincial Communications Holding Group Co., Ltd. (Anhui Provincial Communications Control Group) and NIO Holding Limited signed the Strategic Cooperation Agreement on Jointly Promoting the Construction of an Open and Shared Storage-Charging-Swapping System in Hefei.