NIO Energy received a strategic investment of 1.5 billion yuan. On May 31st, NIO announced today that NIO Energy Investment (Hubei) Co., Ltd. has received a strategic investment of 1.5 billion yuan from Wuhan Guangchuang Emerging Technology Phase I Venture Capital Fund Partnership Enterprise (Limited Partnership) and other institutions. This round of strategic investment will be used for technology research and development, manufacturing, operation and maintenance in charging, power exchange, energy storage, battery service, energy Internet and other fields, the layout and development of Weilai Energy's charging and power exchange infrastructure, and support the investment in vehicle network interactive innovation business.