Mirattery

Mirattery brought in two new state-owned enterprise shareholders from Hefei in the new funding, expanding its Series C financing to nearly RMB 2 billion.

By the end of January, Mirattery's battery assets under management had surpassed 40 GWh.

Mirattery completed a Series C financing of nearly RMB 1 billion ($140 million), an expansion from the RMB 670 million announced in November.

Beyond additional investment from founding shareholders, Mirattery has brought in two state-owned enterprises as shareholders.

"This matter is not a newly occurring incident, nor is it directed at Nio's recent operational performance," Nio said in a response shared with CnEVPost.

As of press time, Nio had fallen 12.21 percent to HK$47.54 per share, poised for its biggest single-day drop since April 7.

The catalyst for GIC's lawsuit against Nio was a short-selling report released in June 2022, which has since been refuted.

Mirattery said one of its founding shareholders, Hubei Science Technology Investment, has increased bet in its Series C round of financing.

Mirattery said that the strategic partnership covers equity investment, battery rental service operations and user services, and the joint construction of battery swap networks.

Nio is in talks with a potential buyer to sell a stake in a key asset, Chinese tech media outlet LatePost reported.