HONG KONG: Nio Holding Co, a China-based subsidiary of electric vehicle maker Nio Inc, will receive 13.3 billion yuan (US$1.9bil) of investment from the parent and a group of strategic investors.
The strategic investors – a group including Hefei Jianheng New Energy Automobile Investment Fund Partnership, Anhui Provincial Emerging Industry Investment Co and CS Capital Co – have definitive agreements to invest 3.3 billion yuan in cash for newly issued shares of the Nio China unit.
