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) - 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 collectively referred to as "Strategic Investors").
According to the agreement, strategic investors will increase their capital by RMB 3.3 billion to subscribe for NIO China's newly issued shares, and NIO will also invest RMB 10 billion in cash to subscribe for NIO China's newly issued shares.