NIO Energy secures 1.5-billion-yuan strategic investment

Shanghai (Gasgoo)- On May 31st, NIO Energy Investment (Hubei) Co., Ltd. secured a strategic investment of 1.5 billion yuan from institutions including Wuhan Guangchuang Emerging Technology Phase I Venture Capital Fund Partnership (Limited Partnership) (referred to as "Wuhan Guangchuang Fund"), according to a post on NIO's WeChat account.

Photo credit: NIO

This new round of strategic investment will be used for technology R&D, manufacturing, operations, and maintenance in fields such as electric vehicle (EV) charging, battery swapping, energy storage, battery services, and the energy internet. It will also support the development and expansion of NIO Energy's EV charging and battery swapping infrastructure, and the investment in innovative vehicle-to-grid interaction business.

The Wuhan Guangchuang Fund is a market-oriented fund initiated by Wuhan Optics Valley Industrial Investment Co., Ltd. NIO Energy is a charging solution operator based on mobile internet technology, leveraging NIO Cloud technology to build an energy service system that supports EV charging, battery swapping, and battery upgrades, providing comprehensive charging services for car owners. NIO Energy officially settled in Wuhan in May 2017, and the new investment will further support its rapid development.

As of May 31st, NIO has built 2,427 battery swapping stations and 22,595 EV charging piles across China, making it the automotive brand with the most extensive network of battery swapping stations and charging points in the country. NIO’s charging piles are open and shared with users across the industry, with over 80% of the charging services being provided to non-NIO users.

NIO Energy has always maintained an open and cooperative attitude in the layout of its EV charging and battery swapping technology and infrastructure network. Previously, NIO Energy had established strategic cooperation in EV charging and battery swapping with Changan Automobile, Geely Auto Group, JAC Group, Chery Automobile, Lotus, GAC Group, and FAW Group, jointly promoting a larger-scale, standardized, and unified energy infrastructure network. The introduction of this 1.5 billion-yuan strategic investment provides financial support for the rapid development of NIO Energy, optimizes its capital structure, and lays a solid foundation for its long-term high-quality development.