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NIO China receives a new round of capital increase from strategic investors

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On September 29th, NIO announced that it has signed strategic investment agreements with three existing shareholders of NIO Holdings Limited (hereinafter referred to as NIO China) - Hefei Jianheng New Energy Vehicle Investment Fund Partnership Enterprise (Limited Partnership), Anhui High tech Industry Investment Co., Ltd., and Guotou Investment Management Co., Ltd. (hereinafter collectively referred to as "Strategic Investors"). According to the agreement, strategic investors will increase their capital by RMB 3.3 billion to subscribe for NIO China's newly issued shares, and NIO will also invest RMB 10 billion in cash to subscribe for NIO China's newly issued shares.
It is reported that NIO's monthly delivery volume has exceeded 20000 units for four consecutive months; After the launch of the new brand, Ledao, targeting the mainstream home market, it has attracted high attention in the market. The first model of the family intelligent electric mid size SUV, Ledao L60, exceeded expectations after its launch and began nationwide delivery on September 28th.
NIO stated that the new round of capital increase demonstrates the high recognition of NIO's leading position in the industry by strategic investors, as well as their firm support for the high-quality development of the intelligent electric vehicle industry. NIO will continue to invest in technological innovation and charging and swapping infrastructure, further enhancing its competitive advantages in products, services, and communities, laying a solid foundation for the company's long-term development.
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