NIO Inc.’s Subsidiary Enters into Definitive Agreements for RMB2.257 Billion Investment - CleanTechnica

NIO Inc., a leading global smart electric vehicle company, announced that its subsidiary GeniTech Co., Ltd. (“Shenji”), which focuses on intelligent-driving chip technology, has entered into definitive agreements with investors in China for a RMB 2.257 billion cash investment. Following the transaction, NIO will maintain a controlling 62.7% equity stake in Shenji, while the new investors will hold 27.3%, and entities managing Shenji’s share incentive plan will retain 10%. The investment is subject to customary closing conditions and will allow NIO to continue consolidating Shenji’s financial results. NIO, founded in 2014, is committed to innovation in smart electric vehicles and next-generation core technologies, offering premium vehicles under its NIO brand, family-oriented models via ONVO, and small high-end electric cars through FIREFLY. The company emphasizes technological breakthroughs, quality products, and community growth. The announcement also includes a safe harbor statement highlighting that forward-looking