NIO (Anhui) Holding Ltd. announced that it has entered into a purchase agreement to receive CNY 11,260,000,000 in an equity round of funding co-led by new investors Anhui Provincial Emerging Industry Investment Co., Ltd., Hefei Construction Investment and Holding Co.,Ltd. and SDIC Capital Co.,Ltd (SHSE:600061) on April 29, 2020. The transaction will include participation from existing investor investor NIO Limited (NYSE:NIO) for CNY 4,260,000,000, and strategic investors for CNY 7,000,000,000. The strategic investors and NIO Limited (NYSE:NIO) will invest in the company in five installments, namely CNY 3,500,000,000 and CNY 1,278,000,000 respectively within five business days of the satisfaction of closing conditions, CNY 1,500,000,000 and CNY 1,278,000,000 respectively on or prior to June 30, 2020, CNY 1,000,000,000 and CNY 852,000,000 respectively on or prior to September 30, 2020, CNY 500,000,000 and CNY 426,000,000 respectively on or prior to December 31, 2020, and CNY 500,000,000 and CNY 426,000,000 respectively on or prior to March 31, 2021.

Post closing, strategic Investors will collectively hold 24.1% stake in the company and NIO Limited (NYSE:NIO) will hold 75.9% stake in the company including asset consideration. The transaction is subject to subject to the satisfaction of customary closing conditions.