NIO‘s official Weibo stating that on the morning of October 9th. NIO China Headquarters, located in the Economic Development Zone of Hefei, Anhui Pilot Free Trade Zone, was officially opened.
At the end of April this year, NIO signed an agreement with Hefei Construction Investment Holdings (Group) Co., Ltd., SDIC China Merchants Investment Management Co., Ltd., and Anhui High-tech Industry Investment Co., Ltd., and obtained 7 billion yuan investment from the latter three. And jointly established NIO (Anhui) Holdings Co., Ltd.
Most of NIO’s domestic business and assets (at a price of 17.77 billion yuan) will be injected into NIO (Anhui) Holdings. In the end, NIO INC (listed entity) held 75.9% of the joint venture company, and investors held 24.1% of the shares.
The implementation of NIO in China means that NIO has a specific entity company for financing in mainland China. And it also has a certain amount of funds, enough to carry out the next actions one by one.
NIO CEO Li Bin once said, “NIO will have more abundant funds, will further open up the RMB financing channel, and also have the conditions for an IPO in the Chinese capital market.”