According to Reuters, NIO has recently invested in NeoFusion, a start-up company developing nuclear fusion technology, and the “NIO Department” will become the company’s largest shareholder. Nio said in a reply to Reuters that it hopes to promote the development and commercialization of nuclear fusion technology through its financial investment in the project.
▲ Source: NIO Energy
Reuters reported that Nio invested 995 million yuan for a 19.9 percent stake, while Nio Capital, controlled by CEO Li Bin, invested 505 million yuan for a 10.1 percent stake. NIO co-actors collectively hold a 30% stake in NeoFusion.
NeoFusion was established in April this year. Its shareholders include Wanneng and Hefei Industrial Investment. It aims to commercialize controllable nuclear fusion technology within 20 years. It was previously reported that Nio invested in the nuclear fusion technology startup Energy Singularity in 2022.
