NIO - Nio Power Secures $207M Investment Bolstering China's Charging Infrastructure Expansion | Benzinga
Nio Power, the power service segment of Nio Inc. (NYSE:NIO), has obtained an investment of around $207 million.
Wuhan Guangchuang Emerging Technology Venture Capital Fund Phase I led the investment.
The funds are expected to fuel research, manufacturing, and operations in charging, battery swapping, energy storage, battery services, and the energy internet.
Nio Inc. refrained from disclosing Nio Power’s valuation in the financing round or the quantity of shares acquired by Wuhan Guangchuang.
Founded in May 2017, Nio Power was previously wholly owned by Nio ...