Porsche responds to "share in NIO": is the purchase of NIO Capital

Recently, some netizens revealed a list of companies that Porsche is about to establish a cooperative relationship with, and the logo of NIO Motors appeared in the list, so many people said, "Porsche shares in NIO Automobile?"

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In response to this problem, some domestic media today confirmed the official Porsche, which stated that Porsche invested in NIO Capital, not NIO Automobile.

It is understood that NIO Capital is a market-oriented private equity investment institution and an industrial fund independent of NIO Automobile. The venture capital fund focuses on mobile mobility and future technologies.

NIO Capital has a US dollar fund and a RMB fund. Porsche this time bought the NIO Capital fund, which aims to strengthen the connection with China's future travel market.

Since entering 2020, NIO Automobile has completed several financings, with a cumulative amount of US $ 435 million, or about RMB 3 billion. It is worth mentioning that NIO also reached a preliminary agreement with the Hefei Municipal Government, which is expected to receive ten billion yuan in financing.

However, Li Bin did not disclose the specific details of the financing, but only said that NIO's business in China will be an independent entity to attract RMB investors. It is reported that the two sides' final agreement is expected to be officially signed before the end of April.