Nio Power Secures $207M Investment, Bolstering China’s Charging Infrastructure Expansion

Nio Power, the power service segment of Nio Inc. NIO, has obtained an investment of around $207 million. Wuhan Guangchuang Emerging Technology Venture Capital Fund Phase I led the investment. The funds are expected to fuel research, manufacturing, and operations in charging, battery swapping, energy storage, battery services, and the energy internet. Also Read: Riot Platforms May Over Power Marathon Digital As Largest Publicly Traded Bitcoin Miner – Analyst Explains How Nio Inc. refrained from disclosing Nio Power’s valuation in the financing round or the quantity of shares acquired by Wuhan G

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