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Image Credit: Nio

Nio Injects Additional $2.8 Billion Into Two Core China Units

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.

Cláudio Afonso is the Founder and Editor of EV, an independent electric vehicle news publication owned by CARBA, the company he founded in early 2021. Between 2022 and 2024 he worked in European corporate communications at Nio, and he returned to lead EV in April 2024. He is based in Porto, Portugal.