NIO Announces Entry into Definitive Agreements for Investments in NIO China
NIO Inc. American depositary shares, each representing one Class A ordinary share (NIO)
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Source: GlobeNewswire
SHANGHAI, China, April 29, 2020 (GLOBE NEWSWIRE) -- NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, today announced that it entered into definitive agreements for investments in NIO China with a group of investors (collectively, the “Strategic Investors”) led by Hefei City Construction and Investment Holding (Group) Co., Ltd., CMG-SDIC Capital Co., Ltd., and Anhui Provincial Emerging Industry Investment Co., Ltd. Under the definitive agreements, the Strategic Investors will invest an aggregate of RMB7 billion in cash into NIO (Anhui) Holding Ltd., the legal entity of NIO China. NIO will inject its core businesses and assets in China, including vehicle research and development, supply chain, sales and services and NIO Power (the “Asset Consideration”), into NIO China. The Asset Consideration is valued at RMB17.77 billion, as calculated based on 85% of the average market value of NIO Inc. over the thirty public trading days
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Earnings
- 11/25/25 - Beat
NIO
Sec Filings
- 12/1/25 - Form 6-K
- 11/25/25 - Form 6-K
- 11/12/25 - Form 6-K
- NIO's page on the SEC website