The news of NIO’s cooperation with six banks has been confirmed.
On July 10th, NIO China held a strategic cooperation signing ceremony with six banks, including China Construction Bank Anhui Branch. According to the strategic agreement, the six banks that signed the contract this time will provide NIO China with a total credit of RMB 10.4 billion, and NIO China will cooperate extensively with each bank in the construction of the corporate account system, supply chain finance, and auto finance businesses.
The six banks are China Construction Bank Anhui Branch, Industrial and Commercial Bank of China Anhui Branch, Bank of China Anhui Branch, Agricultural Bank of China Anhui Branch, Industrial Bank Hefei Branch, and China Merchants Bank Hefei Branch.
NIO’s Major Fundraising Events in 2020
Since 2020, NIO has raised more than RMB 13.5 billion and obtained a credit line of RMB 10.4 billion from banks.
- February 6, 2020, NIO completed a convertible bond financing of USD 100 million;
- February 14, 2020, NIO completed a convertible bond financing of USD 100 million;
- March 5, 2020, NIO completed a convertible bond financing of USD 235 million;
- April 29, 2020, the agreement for NIO’s China headquarters settlement in Hefei project was officially signed. Investors including Hefei City Construction Investment Holdings (Group) Co., Ltd. invested RMB 7 billion in NIO China;
- June 15, 2020, NIO completed the issuance of 72 million ADS, raising about USD 500 million.
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.