NIO's subsidiary Nanjing Energy Company increases capital to 2.5 billion, a 1150% increase.

Tianyancha shows that recently, Nanjing Weilai Energy Co., Ltd. underwent a business change, with its registered capital increased from 20 million RMB to 250 million RMB, a 1150% increase. The company was established in July 2017, with Wu Yan as the legal representative. Its business scope includes planning, designing, researching and developing, constructing, selling, and operating intelligent systems for electric vehicles, as well as construction and operation management services for new energy vehicle charging and swapping facilities, sales, operation, installation, and research and development of charging facilities, energy storage equipment, charging pile equipment, and related technologies. Shareholder information shows that the company is wholly owned by Wuhan Weilai Energy Co., Ltd.