Shanghai NIO Automobile Co., Ltd. has recently undergone significant industrial and commercial transformations, integrating battery manufacturing, sales, and spare parts production into its portfolio. Established in 2015 with a registered capital of US$3 billion, the company is a wholly-owned subsidiary of NIO Holdings Limited, with Qin Lihong serving as its legal representative. This strategic shift marks a profound deepening of NIO's commitment to the power battery sector, pushing further upstream within the industry chain.
