Shulou(Shulou.com)11/24 Report--

CTOnews.com July 17 news, Wei Lai Automobile announced that it will hold NIO Power Day 2023 (Wei Lai Energy Day) live broadcast at 14:00 on July 20, when it will show NIO Power's latest power-on layout planning, product technology and service overview. The live broadcast platform includes Weilai App, Weibo, WeChat video number, chatter, etc.

CTOnews.com previously reported that Weilai has reached the 25 millionth cumulative total number of power changes, with 0- 10 million power changes taking 1506 days and 10 - 20 million power changes taking 273 days. Among them, a total of 20 million power exchanges were completed on April 3, and 20 million reached 25 million for 102 days.

In addition, Weilai has completed a $738.5 million strategic equity investment from CYVN Holdings, an investment arm of Abu Dhabi in the United Arab Emirates.

CYVN Holdings also bought A-shares worth $350 million from a Tencent affiliate, according to public sources. Upon completion of the investment transaction, CYVN Holdings held approximately 7.0% of the outstanding shares of NIO in total.

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