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NIOH Auto Receives Over 2 Billion Yuan in Debt-to-Equity Support from Over 100 Suppliers
2025-03-25 /
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Author：小编
NIOH Auto has recently inked debt-to-equity agreements with 134 domestic core suppliers, amounting to over 2 billion yuan. This influx of funds has breathed new life into the company's production resumption efforts. Following the initiation of supply chain financial cooperation with Nanning Industry Investment Group in November 2023, NIOH Auto has successfully secured equity conversion support from these suppliers after three rounds of intensive negotiations. Furthermore, the company has also obtained a credit line of 10 billion Thai baht (approximately 2.15 billion yuan) from Thai financial institutions, demonstrating a dual-pronged approach to address its funding challenges.
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