Hefei is really impressive—it invested in BOE, invested in Changxin, and also invested in NIO. Changxin’s recent surge is a major positive for NIO both directly and indirectly. Through this campaign, Hefei has seen gains of ten thousand billion, and it even covers ten years of fiscal revenue. And across the strong-cycle period, Changxin’s upstream and downstream industrial chain pays Hefei 30 to 50 billion in taxes and dividends every year; even in a weak-cycle period, it still pays tens of billions.



Mayors across the country must be envious of Hefei when they look at it.
NIO3.12%
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