RCIF announces investment in NIO

Press release, 10.11.2017

Da Nang, 10 November 2017 - The Russia-Chinа Investment Fund (RCIF, established by the Russian Direct Investment Fund (RDIF) and China Investment Corporation (CIC)) participated in the latest round of investment in NIO, a pioneering Chinese designer and developer of electric cars. In addition to RCIF, institutional investors from the United States, Western Europe, Asia and the Middle East invested in the company. NIO's shareholders already include entities such as Tencent, Baidu, GIC, TPG, Sequoia Capital, Hillhouse Capital and others.

NIO is actively preparing to launch serial production of its first electric car - the seven-seater SUV ES8. The model is expected to appear on the market next year.

Kirill Dmitriev, CEO of RDIF and Co-CEO of RCIF, said:
“There is an enormous opportunity for e-mobility in Russia which can become one of the most promising markets for this type of transport. We are already working to create the infrastructure for this, building a network of charging stations for electric vehicles with the Italian company Enel. We are now pleased to announce a new partnership with the electric car manufacturer NIO, which recognizes Russia as a priority market. We strive to attract best in class global technologies to Russia and believe that international cooperation and partnerships with the leading global companies will contribute to Russia’s technological development.”

Bing Hu, Co-CEO and President of RCIF, noted:
“NIO is a very promising battery electrical vehicle manufacturer and service provider with the early mover advantage in China. RCIF’s investment in the company underscores RCIF’s commitment in investing in new energy sector. I believe the company will benefit from consumption upgrades in China and has showcased China’s determination to play a leading role in the global energy consumption transformation.”


Russia-China Investment Fund (RCIF) is a joint fund, established by the Russian Direct Investment Fund and China Investment Corporation (CIC). The activity of RCIF is aimed at development of bilateral economic, trade and investment relations between Russia and China. Further information can be found at www.rcif.com

NIO is a global start-up based in China, designing and developing high-performance premium electric autonomous vehicles. NIO employs R&D and design experts from around the world, who bring significant technology and management expertise from leading automobile and high-tech companies. NIO has more than 2,000 employees across its 12 locations. www.nio.com

For additional information contact:
Arseniy Palagin
Russian Direct Investment Fund
Press Secretary
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail: arseniy.palagin@rdif.ru

Andrew Hayes / Elena Garside
Hudson Sandler
Tel: +44 (0) 20 7796 4133

Tony Han
Russia-China Investment Fund
Beijing, China
Tel.: +86 10 5762 9000
Fax: +86 10 57629111

Yury S. Trofimov
Russia-China Investment Fund
Moscow, Russia
Tel.: +7 (495) 230-05-55 ext. 4243
Mob.: +7 (985) 765-13-12