NIO Inc. Secures Multibillion Investment Boost

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2024.09.29 09:12
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NIO Inc. has announced a RMB3.3 billion investment from strategic investors into its subsidiary, NIO China, along with an additional RMB10 billion from NIO itself. This investment will increase NIO's controlling stake in NIO China to 88.3%. The move aims to strengthen NIO's technological and market leadership and support its multi-brand strategy for sustainable growth.