Recently, at the 2023 (21st) China Business Leaders Annual Conference, Li Bin attended and spoke. Li Bin said that in 2019, Weilai experienced a perfect storm and his life hung on a thread. Some articles said that he was "the worst person in 2019." I did receive a lot of pressure at the time;In the fourth quarter, NIO's pressure reached its peak, and it was unclear where NIO's salary would be next month.
He was also looking for investors everywhere at the time. Although NIO had been producing in Hefei, NIO's financing had no connection with Hefei at that time.
However, in January 2020, after Li Bin sent a New Year message to Chen Xiang, then chairman of Anhui Investment Group, he was told why not talk to Hefei about government investment?
Li Bin said that after he said this, he did not go to Shanghai at that time. He returned to the city and met with some leaders of the Hefei Municipal Development and Reform Commission and city leaders at the time.This begins the story of Hefei investing in NIO and saving NIO from the intensive care unit.
According to previous reports, at the beginning of 2020, NIO faced a life-and-death test due to financing difficulties, and its stock price in the U.S. stock market plummeted to as low as $1, near the delisting red line.
The Hefei City promptly extended a helping hand to Weilai. Strategic investors composed of a number of Hefei state-owned companies,Invested 11.26 billion yuan in NIO China, and the latter obtained 24.1% of NIO China’s shares.
Under the "blood transfusion" of Hefei City, Weilai made a "defying comeback" in the later period, and its stock price and performance revenue rebounded and skyrocketed; Hefei Municipal Party Committee Secretary Yu Aihua also revealed:
Hefei City has indeed made a huge profit from its investment in NIO; at the same time, the money earned from Hefei's investment in NIO has been used to support the development of the smart electric vehicle industry.