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"), namely 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 referred to as "Strategic Investors").
According to the agreement, strategic investors will subscribe to NIO China's newly issued shares with a cash capital increase of 3.3 billion yuan, and NIO will also invest 10 billion yuan in cash to subscribe to NIO China's newly issued shares.