Registered capital of NIO China’s legal entity leap to 3.85 billon yuan

Shanghai (Gasgoo)- The registered capital of NIO (Anhui) Holding Co.,Ltd., the legal entity of NIO China, has increased to 3.851 billion yuan ($540.605 million) from 11 million yuan ($1,544,184), and has introduced one more shareholder, according to the enterprise information inquiry platform Qichacha.

The new shareholder, dubbed NIO Power Express Limited, holds 1.55% stake in NIO (Anhui) Holding Co.,Ltd., and the percentage for the old two—NIO Nextev Limited and NIO User Enterprise Limited—changed to 65.9318% and 32.5146% respectively.

(NIO ES6, photo source: NIO)

On May 25, the Shanghai-registered NIO Co., Ltd. got its shareholder changed to NIO (Anhui) Holding Co.,Ltd. from NIO NextEV Limited, and its registered type of business has also been modified to “Limited liability company (solely invested by a foreign legal person)” from “Limited liability company (Hong Kong, Macau or Taiwan legal person sole investment)”.

Founded in November 2017 and located in Hefei, NIO (Anhui) Holding Co.,Ltd.'s line of business includes the investment in the fields permitted for foreign investment by the state, the founding of scientific R&D centers and departments in China, the R&D of new products and high & new technologies as well as relevant technical services.

(Photo source: NIO)

On April 29, NIO announced that it inked definitive agreements for investments in NIO China with a group of strategic investors led by Hefei City Construction and Investment Holding (Group) Co., Ltd., CMG-SDIC Capital Co., Ltd., and Anhui Provincial Emerging Industry Investment Co., Ltd. As per the agreements, they will pump an aggregate of 7 billion yuan ($982,662,800) in cash into NIO (Anhui) Holding Ltd. Besides, NIO will invest 4.26 billion yuan ($598,020,504) in cash into NIO China.

“The strategic investment will provide sufficient funds to support NIO's business development, enhance our leadership in the products and technologies of smart electric vehicles, and offer services exceeding users’ expectations,” said William Bin Li, founder, chairman and chief executive officer of NIO.

On that day, NIO struck a deal with the local government of Hefei Economic and Technological Development Area (HETA), where NIO’s main manufacturing hub is located, for the establishment of NIO China's headquarters which will be designed to integrate functions of business operation, R&D, sales & services, supply chain and manufacturing.

“The establishment of NIO China's headquarters in Hefei will further improve our operating efficiency in the long run,” concluded Mr. Li.

NIO delivered 3,436 vehicles in May 2020, a robust year-on-year surge of 215.5%. The deliveries are composed of 2,685 ES6s and 751 ES8s. As of May, its cumulative deliveries reached 42,342 units, of which 10,429 units were handed over this year, according to NIO's latest delivery result.