On the evening of January 25th, Liao Bing posted on his personal Weibo @liaobing0410 that he had formally resigned as the CEO of GAC-NIO and all administrative positions of its subsidiaries and branches on January 22, and wished GAC-NIO will be good development in the follow-up.
On the evening of January 11, GAC NIO New Energy Automobile Technology Co., Ltd. issued a statement on its official Weibo @HYCA that the company has not received any notice from shareholders about the management change. Mr. Liao Bing is still the company’s CEO. Provide for the exercise of relevant powers.
Earlier, it was reported that Yang Ying, deputy general manager of GAC Passenger Vehicle (Hangzhou) Co., Ltd., would replace Liao Bing as the CEO of GAC-NIO. Yang Ying exclusively replied to the interface news that she has not received relevant information so far, and there may be other misunderstandings in the process, please do not listen to unofficial information lightly.
GA-NIO was established in April 2018 with a registered capital of 500 million yuan. It is jointly held by GAC Group, NIO and its management. Among them, GAC Group, GAC New Energy, NIO and NIO Fund each hold 22.5% of the shares, and the founding team of GAC NIO holds 10%.