On April 26th, NIO announced the launch of its D round of financing with a financing amount of approximately 3 billion yuan.
The round was led by 360, the leading company in Internet security. After completing all investments, 360 is expected to become the second largest shareholder of NIO!
At this year’s Shanghai Auto Show, Zhou Hongyi, the founder of 360, also appeared low-key at NIO’s booth. The two parties may have been in contact as early as the end of February.
In December of last year, NIO conducted its C round of financing, led by Huading Capital, with a financing amount of 2 billion yuan. This round of financing has been recognized by many large investment institutions, with a final financing amount of over 3 billion yuan.
We look forward to seeing what 360’s product will be like when it comes to electric vehicles.
Source: NIO
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.