Nio Holdings Ltd., the Chinese electric vehicle manufacturer, has raised its registered capital from approximately 7.429 billion yuan to 7.857 billion yuan ($1.08 billion), an increase of over 400 million yuan ($54.8 million). This follows a previous capital raise in October. In total, Nio has raised 13.4 billion yuan ($1.84 billion) this year, with significant investments directed towards research and development, charging infrastructure, and vehicle-to-grid technology. The company’s Nio Power unit also recently increased its capital to approximately 2.222 billion yuan ($308 million) after a 1.5 billion yuan investment led by Wuhan Guangchuang Innovation Technology Fund.