According to the Tianyancha App, on October 10th, NIO Mobile Technology Co., Ltd. underwent a business registration change, with the addition of mobile terminal device manufacturing (branch operation) business to its business scope. NIO Mobile Technology Co., Ltd. was established in August 2022, with Qin Lihong as the legal representative and a registered capital of 100 million US dollars. It is wholly owned by NIO Smart Technology Limited, a subsidiary of NIO.