<optgroup id="wi6e8"><div id="wi6e8"></div></optgroup>

Signed! Weilai China receives 7 billion yuan investment


On the afternoon of April 29, NIO signed a final agreement on investing in NIO China with strategic investors such as Hefei Construction Investment Holdings (Group) Co., Ltd., SDIC China Merchants Investment Management Co., Ltd., and Anhui High-tech Industry Investment Co., Ltd. And reached an agreement with the Hefei Economic and Technological Development Zone on the entry of NIO’s headquarters in China.

According to the investment agreement, strategic investors will invest RMB 7 billion in NIO China. NIO will inject NIO (Anhui) Holdings Co., Ltd., the legal entity of NIO China, into core businesses and related assets in China, including vehicle research and development, supply chain and manufacturing, sales and services, and energy services. The above business and assets are based on On the 30 public trading days before April 21, 2020, 85% of the average market value of Weilai is valued at RMB 17.77 billion. In addition, NIO will invest RMB 4.26 billion in NIO China. After the transaction is completed, Weilai will hold 75.9% of the controlling shares of Weilai China, and strategic investors will hold a total of 24.1% of the shares.

It is worth mentioning that, according to the agreement signed between NIO and Hefei Economic and Technological Development Zone, NIO will set up a Chinese headquarters in Hefei Economic and Technological Development Zone, and establish an integrated base for headquarters management, R&D, sales and service, and supply chain manufacturing. Start the planning and construction of the second manufacturing base. Hefei will also provide comprehensive support for the establishment of NIO’s China headquarters and the construction of subsequent R&D and manufacturing bases. Weilai said that the acquisition of this strategic investment and the establishment of Weilai’s China headquarters in Hefei is another important milestone for Weilai’s development.

NIO will have more abundant funds to support business development to ensure the continuous launch of leading smart electric vehicle products and technologies, and provide users with a service experience that exceeds expectations.

At the same time, the establishment of NIO’s China headquarters in Hefei will help Hefei form a global innovation leader in the field of smart electric vehicles, create a new growth pole for economic and social development, and inject new impetus into the higher quality-integrated development of the Yangtze River Delta region, and become my country A model for improving the quality and efficiency of the automobile industry and transforming and upgrading.

<optgroup id="wi6e8"><div id="wi6e8"></div></optgroup>