NIO changes commercial registration

According to the data from Tianyancha, on May 25, Shanghai Weilai Automobile Co., Ltd. (NIO) experienced some commercial registration changes.
Among them, the investor changed from NIO NEXTEV LIMITED to Weilai (Anhui) Holdings Limited.

According to the data from Tianyancha, on May 25, Shanghai Weilai Automobile Co., Ltd. (NIO) experienced some commercial registration changes.

Among them, the investor changed from NIO NEXTEV LIMITED to Weilai (Anhui) Holdings Limited.

At the same time, the type of enterprise was changed from a limited liability company (wholly owned by Hong Kong, Macao and Taiwan legal persons) to a limited liability company (wholly owned by foreign legal persons).

According to data from Tianyan, Weilai (Anhui) Holdings Co., Ltd. used to be called Anhui Weirui Automobile Sales and Service Co., Ltd.

The company was established in November 2017 with a registered capital of 11 million yuan and the legal representative is Wang Zhenglin.

The company’s business scope includes investment in areas where foreign investment is permitted by the state.

It has established scientific research and development centers or departments in China, engaged in research and development of new products and high-tech, transferred its research and development results, and provided corresponding technical services.

According to reports, on April 29, NIO announced that it signed a strategic investment agreement with Hefei Construction Investment and Holding, SDIC, and Anhui High-tech Industrial Investment, to invest in NIO China.

Strategic investors will invest 7 billion yuan in Weilai China, and settle the headquarters of NIO China in Hefei Economic and Technological Development Zone.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/28/nio-changes-commercial-registration/.

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