On August 26, Nanfang Finance and Economics reported that, according to Tianyan's App, Wuhan Weilai Energy Co., Ltd. has recently undergone industrial and commercial changes. Its business scope includes new software development, AI basic software development, AI application software development, AI theory and algorithm software development, Internet information services, etc. At the same time, Chairman Qin Lihong stepped down as the legal representative and Manager Shen Fei took over. Wuhan NIO Energy Co., Ltd. was established in May 2017 with a registered capital of 784 million RMB, fully owned by NIO Energy Investment (Hubei) Co., Ltd.