Nio Capital, the investment fund co-founded by Nio’s CEO William Li, has established a new business management consulting partnership in Anhui province alongside local government-linked investors.
The move comes as Nio further strengthens ties with the Chinese province of Anhui, where the Shanghai-headquartered EV maker operates its two — and soon to be three — factories.
According to a newly issued filing from China’s corporate platform Tianyancha, the Anhui Weihuien Business Management Consulting Partnership was officially registered on June 22, with a registered capital of 20.105 million yuan ($2.8 million).
The partnership’s executive partner is Hefei Nio Industrial Investment Center Partnership (Limited Partnership), an entity under Nio Capital.
It was jointly funded with Hefei Jianhui Strategic Emerging Equity Investment Fund, which is affiliated with the Anhui municipal government.
The registered business scope covers enterprise management and investment activities using its own funds, as first reported by the local outlet Sina.
Nearly a year ago, in September 2024, Nio announced a 13.3 billion yuan ($1.9 billion) capital injection into its Chinese subsidiary, Nio China.
That transaction included 10 billion yuan of fresh capital from the parent company and 3.3 billion yuan from a group of strategic investors, including Hefei Jianheng New Energy Automobile Investment Fund and Anhui Provincial Emerging Industry Investment Co.
The deal reduced the parent’s stake in Nio China to 88.3% from 92.1%. Anhui funds had also stepped in with a $1 billion lifeline in 2020 when Nio faced liquidity concerns.
Nio Capital has separately expanded its portfolio in the technology supply chain.
As reported last week, a new filing shows it invested in Xinxin Hangtu Technology, a startup that designs automotive chips.
Since 2016, Nio Capital has raised five funds — three in US dollars and two in yuan — with about 15 billion yuan under management.
Its portfolio includes stakes in battery makers CATL and CALB, US suspension startup ClearMotion — which supplies Nio’s flagship ET9 sedan — and several component suppliers for Onvo’s L90 SUV, launched in July under Nio’s mass-market sub-brand.
Deutsche Bank said this week it forecasts the Shanghai-headquartered group to deliver 32,000 vehicles in August across its three brands, Nio, Onvo and Firefly.
The current monthly record is 31,138 units in December 2024, when the company had not yet started deliveries of its third brand, Firefly.
