Wei Energy has reached cooperation with many domestic and foreign financial institutions

With the substantial growth in the number of new energy vehicles in China's market and the country's further advancement of its "dual carbon" goals, NIO and BaaS have also been favored by all sectors of the capital market and continue to receive support in the capital market.

On April 19, 2022, Weineng successfully issued the country's first green battery asset ABN - "Wuhan Weineng Battery Asset Co., Ltd. 2022 First Green Battery Asset-Backed ***", with a total issuance size of 400 million yuan. The product was initiated by Weineng, China Investment and Financing Guarantee Co., Ltd. was the guarantor, and China International Capital Corporation Limited was the lead underwriter and bookkeeper. The successful issuance of ABN is Weineng's active attempt to raise funds in the interbank market, completing the establishment of direct financing channels in the interbank market.

On May 31, NIO successfully issued the country's first green new energy battery asset ABS - "NIO-Huatai-Yongxing-Green New Energy Battery Asset-Backed Special Plan (Carbon Neutral)". This product was jointly created by China Securities Finance Co., Ltd. and Huatai Securities with a credit protection certificate. It is also the country's first asset securitization product in the new energy vehicle field with a credit protection tool.

Since the beginning of 2022, against the backdrop of a more challenging macroeconomic environment and more prudent investment, NIO has continued to move forward in leaps and bounds. While successfully issuing ABN and ABS, it also announced the successful completion of a new round of equity financing cooperation with a number of domestic and foreign institutions.

On June 6, NIO announced an equity financing partnership with Momentum VC. Momentum VC is a strategic investment fund under SMRT Group, focusing on discovering leading companies in the global smart travel and new energy transportation fields. SMRT Group is one of the two major public transportation agencies in Singapore. It was established in 1987 and its business projects include Singapore's subway, light rail system, taxi and bus businesses.

The addition of Momentum VC demonstrates NIO's global strategic vision and Momentum VC's positive outlook on the strategic prospects of BaaS in promoting the development of the global new energy industry. In the future, Momentum VC will rely on SMRT Group's rich industrial resources to conduct in-depth exchanges and collaborative cooperation with NIO in various business areas.

Other partners that have reached cooperation with NIO include Zhengqi Holdings, which focuses on investment in the new energy industry, and Blue Rain Capital, which focuses on China's new energy sector.

In the first half of 2022, NIO demonstrated a clear profit model and broad market prospects to global institutional investors with its innovative business model, stable performance and professional team. We are also fortunate to have received overall recognition from various types of capital at home and abroad for NIO's BaaS model and asset management capabilities. Since its establishment in August 2020, as the world's first BaaS technology and business model innovation company, NIO has adhered to the development mission of "efficient battery management and a low-carbon energy world", integrating three major capability systems including battery technology, data intelligence and asset management, and providing comprehensive solutions based on BaaS services for the entire industry.

NIO will continue to promote diversified capital market operations and actively explore the possibilities of various types of cooperation. In the "dual carbon era", it will continue to tap the economic and climate benefits of power batteries, and strive to become a benchmark company for sustainable development in the new energy power battery service industry, helping to promote the development of China's green and low-carbon cause.