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Chinese electric carmaker NIO plans to build a Chinese headquarters in Hefei

23. June 2020

NIO said that talks have already been held with the local government of Hefei. The city in Anhui province is a center for car. The talks also set out detailed terms of a new round of investment that could raise more than 10 billion yuan (1.4 billion US dollars). NIO also plans to build a Chinese headquarter in Hefei to complement the existing plant and a research and development center. The automaker plans to announce further details as soon as they are available. The planned investment is a welcome cash injection for the struggling and loss-making company, which is one of a dozen other Chinese electric vehicle manufacturers competing with industry leader Tesla.

 The market for electric cars in China has grown rapidly in recent years but has been heavily dependent on government subsidies. After a gradual withdrawal of subsidies, sales of vehicles with alternative drive systems fell by around 54 percent in January 2020. According to the Chinese Association of Automobile Manufacturers, the decline is partly due to the effects of the coronavirus, but the figures still fell for the seventh consecutive month.

Autohersteller NIO

 Discussions on fresh funding for NIO are seen as a positive signal by the Chinese economy and could boost confidence after an extended plant shutdown during the Chinese New Year. NIO was one of eight companies that signed agreements with the Hefei government to strengthen the local economy after the end of the coronavirus crisis. In Shanghai, less affected by the virus, Tesla already reopened its factory on February 10. The Model 3 is manufactured there for the Chinese market and has been delivered to customers since January. Components and vehicles in China require a CCC certificate. The mandatory CCC (China Compulsory Certificate) seal of approval must be visibly affixed to the products. We would be happy to advise you on how to obtain a CCC (China Compulsory Certificate) for your products.

For more information on how CCC certification, the CCC Self-Declaration and voluntary CCAP or CQC certification may affect your company, or for more information about CCC certification in general, the process, and the associated costs, please visit our website and our News Section where you will find current updates twice a week.

Please do not hesitate to contact us for further details and consultation. You can contact us via e-mail, or call us (UK: +44 2071931135, Rest of Europe: +49 69 2713769150, US: +1 773 654-2673).

You can also check out our free CCC-Brochure, which can be downloaded right here as a PDF file or you consult our book (in English) “A Brief Guide to CCC: China Compulsory Certification”, which can be found directly hier on Amazon.

Here you can download our brochure about the CCC Self-Declaration.

Here you can download our brochure about the voluntary CCAP or CQC certification.

MPR Author

About the author: Julian Busch is founder and managing director of MPR China Certification GmbH
Publisher: MPR China Certification GmbH

Tel.: +49 69 271 37 69 150