EV maker Nio has increased the registered capital by approximately $2.78 billion across two of its key mainland China entities, according to a new filing dated on Qichacha — one of China’s biggest corporate database operators.
Nio Sales and Services Co., Ltd., which oversees domestic distribution and after-sales operations, more than doubled its registered capital from 11 billion yuan ($1.53 billion) to 23 billion yuan ($3.2 billion).
The change also confirms that the unit remains 100%-owned by Nio Holding Co., Ltd., the carmaker’s principal domestic holding entity.
Separately, Nio Technology (Anhui) Co., Ltd., which handles engineering and R&D functions and employs over 6,000 people, increased its registered capital by 44% from 18 billion yuan ($2.05 billion) to 26 billion yuan ($3.62 billion).
Both entities are overseen by Lihong Qin, Nio’s co-founder and president.
Last month, Nio had more than doubled the registered capital of its energy affiliate Wuhan Nio Energy Co., Ltd. — from 784 million yuan to 1.784 billion yuan ($248 million) — just months after CATL invested up to $346 million into the energy unit.
Founded in May 2017, exactly one year before the company opened its first-ever battery swap station in China, Wuhan Nio Energy is fully owned by Nio Energy Investment (Hubei) Co., Ltd. — also known as ‘Nio Power’.
Earlier this year, Nio Holdings Limited added two new shareholders, raising its capital to 8.257 billion yuan.
The holding entity had already raised 1 billion yuan in October 2023 and another 428 million yuan last December. Meanwhile, Nio Automotive Technology Ltd. tripled its registered capital from 6 billion yuan to 18 billion yuan late last year.
In May 2024, Nio Power — the parent of Wuhan Nio Energy — secured a 1.5 billion yuan ($208 million) investment led by Wuhan Guangchuang Emerging Technology Venture Capital Fund Phase I, affiliated with the Optics Valley Industrial Investment Fund.
The fund acquired a 10% stake in Nio Power, which subsequently raised its registered capital to about 2.222 billion yuan ($308 million).
Nio’s operating loss widened to 6.42 billion yuan ($884.4 million) in the first quarter of 2025, up 19% from the same period a year earlier.
The figure also marked a 6.4% increase from the fourth quarter of 2024.
On an adjusted basis, excluding share-based compensation, the company posted an operating loss of 5.95 billion yuan($819.5 million), a rise of 16.3% year on year and 7.3% quarter on quarter.
Net loss reached 6.75 billion yuan ($930.2 million), up 30.2% from a year earlier, though narrowing 5.1% from the previous quarter.
