Venture Capital
Nio (NIO) is entering its next phase of expansion. Last week, the EV maker announced it is partnering with the Hefei Anhui municipal government in China to build a new energy vehicle industrial park. The city has ambitions to become a center for EV production, which the Hefei Xinqiao Smart Electric Vehicle Industrial Park, should help realize. The NIO China HQ is already based in Hefei and the new park will support production, R&D, pilot demonstration and various service facilities. It is not the first time the province and Nio are crossing paths.

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