NIO's subsidiary Beijing Energy Technology Company increased its capital to 2.1 billion, an increase of 600%.

Tianyancha App shows that recently, Beijing Weilai Energy Technology Co., Ltd. has undergone a business change, with its registered capital increasing from 30 million RMB to 210 million RMB, an increase of 600%. The company was established in July 2017, with Zhao Songyu as the legal representative. Its business scope includes the sale of charging piles, centralized fast charging stations, sales of electric vehicle chargers, rental of charging control equipment, operation of electric vehicle charging infrastructure, battery sales, sales of new energy vehicle accessories, sales of new energy vehicles, recycling and cascading utilization of waste power batteries from new energy vehicles. Shareholder information shows that the company is wholly owned by Wuhan Weilai Energy Co., Ltd.