Summary by Moomoo AI
Nio Inc. announced that it has reached a final agreement with strategic investors to invest a total of 3.3 billion RMB in Nio China on September 29, 2024. Nio China is a subsidiary of Nio Inc. holding 92.1% of the controlling rights, this transaction will adjust Nio's ownership percentage to 88.3%, while strategic investors and other existing shareholders will hold the remaining 11.7% equity. Nio itself will also invest 10 billion RMB to subscribe for newly issued shares, and will have the right to make additional investments of 20 billion RMB before December 31, 2025. The investment transaction is expected to complete 70% of the fund injection by the end of November 2024, with the remaining 30% to be completed by the end of December. This move demonstrates the confidence of strategic investors in Nio and the electric automobile industry, and will support Nio in long-term advantages in technology, products, services, and user communities, as well as drive its multi-brand strategy and market expansion.
