NIO's successful turnaround is attributed to the precise investment of the Hefei government

In a recent live broadcast, Li Bin, chairman of NIO, revealed that they only conducted one RMB financing, that is, the one when Hefei, Anhui and Guotou invested in NIO. However, the investment soon paid off five times. Li Bin believes that there is a difference between US dollar investors and RMB investors, and the former pay more attention to the long-term value of the project rather than immediate profitability. He cited the example that Amazon and Tesla had both suffered losses for many years, but this did not affect their development. At the beginning of 2020, NIO was once facing a serious financial crisis, and its stock price once fell to near the delisting red line of $1. Fortunately, Hefei City lent a helping hand in time and invested 11.26 billion yuan in NIO China through strategic investments from a number of state-owned companies, thus helping NIO to achieve a turnaround. In recent years, the Hefei Municipal Government has won wide attention for its precise investment vision and forward-looking layout. In its investment in NIO, the Hefei Municipal Government not only obtained rich economic returns, but also provided valuable opportunities for other entrepreneurs.