NIO will create a closed-loop battery business spanning technology R&D, material sales, and inspection/testing. According to Chinese corporate registry platform Qichacha, NIO Inc. has established a wholly owned subsidiary, NIO Battery Technology (Shanghai) Co., Ltd., which was officially incorporated on Feb. 26. The new entity is registered with a capital of RMB 100 million (approximately $14.6 million) and is legally represented by NIO Vice President Zeng Shizhe, according to the filing. NIO Battery Technology Co., Ltd. Business Registration Information Official records show that the new company’s business scope covers battery sales, import and export of goods, sales of electronic specialty materials, sales of graphite and carbon products, sales of new membrane materials, sales of new energy vehicle electrical accessories, sales of intelligent power transmission and distribution equipment, AI application software development, inspection and testing services, among other areas. From its business scope, the new company is involved not only in battery product sales and import/export, but also extends upstream to materials (graphite, carbon products, new membrane materials) and downstream to applications (electrical accessories, intelligent power transmission and distribution), while also encompassing inspection, testing, and technology development functions. This also means that NIO has taken a further step in its vertical layout of the battery industry chain, creating a closed loop for battery business spanning technology R&D, material sales, and inspection and testing. NIO Battery Technology Co., Ltd. Business Registration Information Reviewing NIO’s self-developed battery journey, in September 2021, NIO officially established its battery R&D team. In May of the following year, NIO launched a power battery R&D base in Shanghai’s Jiading District, with total investment of RMB 218.5 million ($31.9 million), constructing 31 cell and battery pack R&D laboratories, one lithium battery pilot production line, and one battery pack assembly line, with a team of over 400 personnel. In October of the same year, NIO established NIO Battery Technology (Anhui) Co., Ltd. in Hefei, with a registered capital of RMB 2 billion ($292 million). NIO founder William Li personally serves as chairman, marking the company’s extension from R&D to manufacturing. Since 2025, NIO has significantly accelerated its capital movements in the battery sector. In May, Shanghai NIO Automobile Co., Ltd. expanded its business scope to add “battery manufacturing, battery sales, and battery component production.” In the same month, Weineng (Shanghai) Battery Technology Co., Ltd.—jointly held by NIO and CATL—increased its registered capital from RMB 500 million to RMB 1.5 billion ($73.0 million–$219 million), a 200% increase. In October, NIO and CATL established a joint venture in Wuhan—Weineng (Wuhan) Battery Technology Co., Ltd., known as Mirattery, with registered capital of RMB 100 million ($14.6 million), focusing on battery leasing, recycling, and cascade utilization. NIO Power Battery NIO’s continued investment in the battery field is deeply tied to its battery swap business model. As of February 2026, NIO has built over 3,700 battery swap stations nationwide, with cumulative swaps exceeding 100 million. According to plans, NIO intends to build 1,000 fifth-generation battery swap stations in 2026, while adding 100 Power Up Scenic Routes.
![Gasgoo | NIO | [Gasgoo Express] NIO's William Li Discusses ES9 Design, Saying Originality is Difficult but Must Be Done; March Passenger Vehicle Exports Reach 695,000 Units](https://cdn.topcarnews.net/media/id/aHR0cHM6Ly9pbWFnZWNuLmdhc2dvby5j-b20vbW9ibG9nby9OZXdzL1VFZGl0b3Iv-aW1hZ2UvMjAyNTA2MTAvNjM4ODUxNzAw-MTkzODM1OTU2NTQxNDEzNi5qcGc/c06991c2ffe2e05fe81c97062ebd8cf3.jpg)
