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Nio Lifts Wuhan Unit’s Registered Capital 320% Days After Asset Handover
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Nio Lifts Wuhan Unit’s Registered Capital 320% Days After Asset Handover
Wuhan Nio Energy Co., Ltd., the operating company behind Nio‘s battery swap and charging infrastructure, raised its registered capital from 1.784 billion yuan to 7.484 billion yuan ($265 million to $1.11 billion) last Friday, an increase of 319.5%. The filing was made two days after Nio Power and Optics Valley Transportation Group held a ceremony in Wuhan marking the delivery of their first 36 jointly built charging and swap stations — the trans…
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