Strengthening the Core: NIO’s New Strategic Investment in NIO China

September 29, 2024, NIO announced it has entered into strategic investment agreements with three existing strategic investors of NIO Holding Co., Ltd. (NIO China). Under these agreements, the three investors are Hefei Jianheng New Energy Automobile Investment Fund Partnership, Anhui Provincial Emerging Industry Investment Co., Ltd., and CS Capital Co., Ltd. (collectively referred to as the “Strategic Investors”), will invest a total of RMB 3.3 billion in cash. Meanwhile, NIO will invest RMB 10 billion in cash to subscribe to newly issued shares of NIO China.

Key Highlights:

• NIO’s Business Momentum: NIO’s performance is accelerating, with monthly deliveries surpassing 20,000 units for four consecutive months, further solidifying its position as a leader in the premium battery electric vehicle (BEV) market.
• ONVO Mass Market Brand Success: The launch of ONVO, a family-centric mass-market brand, has generated significant attention. The brand’s first model, the smart electric mid-size family SUV L60, began deliveries on September 28, with orders exceeding expectations.
• Investor Confidence: The new investments demonstrate the Strategic Investors’ strong recognition of NIO’s industry leadership and their firm commitment to the development of the electric vehicle (EV) industry in China.
• Strategic Focus: With continued investments in technological innovation, infrastructure for charging and battery swapping, NIO is well-positioned to maintain long-term leadership in technology, products, services, and user community engagement. These efforts will drive sustainable growth in the coming stages of NIO’s expansion.

About ONVO and NIO:

ONVO and NIO are both automobile brands under NIO Inc., but they target different market segments within the electric vehicle (EV) industry. NIO is focus on premium, high-performance electric vehicles, while ONVO is designed to appeal to a wider audience with more affordable EV models, such as the recently launched ONVO L60, a smart electric mid-size family SUV.

To broaden its market appeal, NIO launched ONVO, a mass-market brand, specially focus on family-oriented vehicles and smart electric mid-size SUV. The company focus on bring NIO’s technology and quality to a wider audience at a more accessible price point.

NIO has developed an extensive charging infrastructure, including home chargers, public fast-charging stations, and mobile charging services. The combination of battery swapping and charging stations providing their high end technology which allowing the users to quickly swap depleted batteries for fully charged ones in under three minutes. This technology make differentiates NIO from the other EVs brands that focus on traditional charging infrastructure, offering flexibility and convenience to customers.

Premium Electric Vehicles: NIO produces high-performance EVs at the premium markets segment, eyecatcher EVs include:

• NIO ES6: A mid-size electric SUV known for its power and agility.
• NIO ES8: A flagship full-size SUV offering luxury, performance, and advanced technology.
• NIO EC6: A stylish electric coupe SUV that blends aesthetics with speed.
• NIO ET7 and ET5: High-end electric sedans designed with autonomous driving capabilities.

NIO work out on autonomous driving technology and now company has its own NAD (NIO Autonomous Driving) system, which provide safe, reliable, and convenient self-driving experiences with advanced sensors. NIO offers exclusive services like NIO Life (lifestyle products), NIO House (clubhouses for NIO car owners), and NIO Day, an annual event that engages users and unveils new products.

Recently, NIO’s factory was listed in the 2024 Anhui Provincial Green Factory list, recognizing tis achievements in sustainable development. NIO continues to promote green manufacturing and supply chains, aligning with its mission of “Blue Sky Coming”, and contributing to sustainable development in the electric vehicle industry.