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Chery Takes 10% of Nio Subsidiary Focused on 'Emerging Energy Tech R&D'
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Chery Takes 10% of Nio Subsidiary Focused on 'Emerging Energy Tech R&D'
Chinese auto giant Chery has recently become a shareholder in a Nio subsidiary focused on emerging energy technology, according to a corporate registration change disclosed through the Tianyancha business registry. Weiju Technology (Anhui) Co., Ltd. added Chery and Hefei Metalforming Intelligent Manufacturing Co., Ltd. among its shareholders, while its registered capital rose from 373.15 million yuan ($55.4 million) to 725 million yuan ($107.5 m…
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