August 27, 2018

NIO Financial Leasing settles down in FTZ

Shanghai NIO Financial Leasing Co Ltd has recently settled in Shanghai Waigaoqiao Free Trade Zone.

With a registered capital of 1 billion yuan (US$147 million), NIO Financial Leasing is an affiliate of NIO, a global start-up automobile manufacturer based in China.

Since financial service is an important part for buying automobiles, the settlement of NIO in the Waigaoqiao FTZ will dock the company with a number of platforms in the FTZ to take the advantages of the preferential policies such as trans-border capitals, logistics and storage, and commercial factoring businesses.

Founded in 2014, NIO has branched into 14 cities and regions such as Shanghai, Beijing, San Jose, Munich, and London, setting up institutes for design, research and development of intelligent electronic automobiles.

Li Bin, founder and CEO of NIO, said NIO will provide its customers with better services and experiences by dedicated to technology innovations and business model innovations.

Zhang Hao, deputy general manager of Shanghai Waigao Free Trade Zone Group Co, presided over the opening ceremony of NIO Financial Leasing at the FTZ and said Shanghai Financial Leasing Trading Service Center, the Waigaoqiao FTZ’s subsidiary, will support the FTZ administration to provide better overall services for development of the financial leasing industry and the financial leasing companies in the zone.