Based on the business data sourced from Tianyancha, Wuhan NIO Energy Co., Ltd. has recently undergone a modification in its business registration, with its registered capital soaring from 1.784 billion yuan to 7.484 billion yuan, constituting an approximate 320% hike. Founded in May 2017, the company is headed by Guo Chenggang as its legal representative. Its operational scope encompasses the research and development of energy recovery systems, the distribution of battery swap facilities tailored for new energy vehicles, as well as the exploration and innovation of motor control systems, to name a few. The company is entirely owned by NIO Energy Investment (Hubei) Co., Ltd.