NIO Capital Completes Raising of More Than RMB 3 Billion in Phase II RMB Fund

Weilai Capital announced that it has successfully raised the second phase of RMB funds, with a total amount of more than 3 billion yuan. The fund will continue to focus on investments in the new energy vehicle industry ecology, energy technology, energy transformation and technology manufacturing. The limited partners of the fund include local government guidance funds, national funds, family offices and listed companies. Since its establishment in 2016, Weilai Capital has raised three phases of US dollar funds and two phases of RMB funds, with a total management scale of 15 billion yuan.