Hefei asks #NIO to launch 3-6 new models before 2024 as it sets terms for financing the startup.
The two signed framework agreement that would make NIO get¥14.5 B gov assistance by 2025 if NIO moves its HQ to Hefei.
NIO would invest¥2.5 B:¥1 B in HQ/R&D,¥1.5 B in 2nd factory. pic.twitter.com/7sb1BHzEpB