On September 29, nio inc announced the signing of a strategic investment agreement with three existing shareholders of NIO China - Hefei Jianheng New Energy Automobile Investment Fund Partnership (Limited Partnership), Anhui Province High-tech Industry Investment Limited Company, and Guotou Merchants Investment Management Co., Ltd. According to the agreement, the three aforementioned strategic investors will subscribe to NIO China's new shares issued with RMB 3.3 billion in cash, and NIO Inc. will also subscribe to NIO China's new shares with RMB 10 billion in cash. On the same day, Li Bin, Founder, Chairman, and Director of NIO, said at the #Global Smart Automobile Industry Conference#, "This is not only a trust in NIO, but also a firm support for the development of intelligent electric vehicle industry in Hefei and Anhui, and it also demonstrates a firm confidence in the high-quality development of China's intelligent electric vehicle industry." Li Bin expressed, "Special thanks to Hefei, Anhui, and all shareholders for their support, thank you, thank you for everyone's support".