The three investors, namely Hefei Jianheng New Energy Automobile Investment Fund Partnership, Anhui Provincial Emerging Industry Investment Co., Ltd., and CS Capital Co., Ltd. will collectively invest over RMB 3 billion into NIO Holding Co., Ltd. “As China approaches its 75th anniversary, NIO China has once again received support from shareholders for increased capital. “NIO has transformed from a small seedling into a little tree capable of withstanding some storms. The deal comes four years after the Chinese EV maker raised RMB 7 billion from the three investors, among others, offering the cash-strapped company a crucial lifeline, TechNode reported. NIO delivered 128,100 vehicles from January to August, a 35.8% growth from a year earlier, and launched the first model under the mainstream sub-brand Onvo on Sept.19.