Nio yesterday announced strategic investments in its subsidiary, Nio Holding Co (Nio China), with Hefei Jianheng New Energy Automobile Investment Fund, Anhui Provincial Emerging Industry Investment Co, and CS Capital Co, contributing 3.3 billion RMB ($452 million), while Nio will invest 10 billion RMB ($1.37 billion), maintaining an 88.3% controlling interest. The first 70% of the investment is expected to be completed by the end of November. This move aims to strengthen Nio’s balance sheet and position in the smart electric vehicle (EV) sector, reflecting investor confidence in the company’s growth potential.