It is learned on December 22 from JinRongJie (Financial World), according to the Tianyancha App, recently, NIO Power Technology (Hefei) Co., Ltd. underwent industrial and commercial changes, and its registered capital increased from 1 billion yuan to 2 billion yuan.

The company was established in May 2021. The legal representative is Zeng Shuxiang. Its business scope includes the manufacture of auto parts and accessories; the import and export of goods; the import and export of technology, etc.

It is wholly owned by NIO Drive Technology Holdings (Anhui) Co., Ltd., and Li Bin is the chairman.