NIO: Subsidiary Shenji Receives 2.257 Billion RMB Investment

K-LinePoet · 2026-03-20T11:35:42+00:00

Nio announced that its subsidiary GeniTech Co., Ltd. (ShenJi) has entered into a definitive agreement with several Chinese investors. The ShenJi investors will subscribe for newly issued shares of ShenJi with a total cash consideration of 2.257 billion yuan. Upon completion of the investment transaction, a subsidiary of Nio will continue to hold 62.7% controlling stake in ShenJi, and Nio will continue to consolidate its financial results. The ShenJi investors will collectively hold 27.3% equity stake in ShenJi. Certain entities holding shares for the purpose of administering ShenJi's share incentive plan will collectively hold the remaining 10.0% equity stake in ShenJi.

K-LinePoet

2026-03-20 11:35:42

NIO announces that its subsidiary GeniTech Co., Ltd. (Shenji) has entered into a definitive agreement with several Chinese investors. The Shenji investors will subscribe for newly issued shares of Shenji with a total cash consideration of 2.257 billion RMB. After the completion of the investment transaction, NIO’s subsidiary will continue to hold a 62.7% controlling stake in Shenji, and NIO will continue to consolidate Shenji’s financial results. The Shenji investors will collectively hold a 27.3% stake in Shenji. Several entities holding shares for the purpose of managing Shenji’s equity incentive plan will collectively hold the remaining 10.0% of Shenji.

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