Data shows that on March 16, the directors of Shanghai NIO Finance Leasing Co., Ltd. (hereinafter referred to as NIO Finance Leasing), a subsidiary of NIO Automobile, changed directors, Qu Yu was added as chairman, Lin Haifen and Wu Yan were added as companies. director.
NIO Financial Leasing was established on August 15, 2018, with Huang Qi as its legal representative and general manager. Its business scope includes financing lease business, lease business, purchase of leased property from home and abroad, residual value treatment and maintenance of leased property, etc. .
From the perspective of equity structure, NIO Financial Leasing was jointly established by Shanghai NIO Automobile Co., Ltd. and Nio Nextev Limited with a capital injection of 1 billion yuan, holding 75% and 25% shares respectively.
Public information shows that since October 2016, Qu Yu has held several senior financial management positions at NIO. Prior to joining NIO, Qu Yu served as regional finance director at Johnson Controls and Lear Corporation.
On October 28, 2019, NIO Automobile announced that Xie Dongying resigned from the company’s CFO (chief financial officer) position for personal reasons. On November 18, 2019, Feng Wei, Managing Director of CICC Research and Chief Analyst of the Automotive and Parts Industry, took over Xie Dongying as Chief Financial Officer (CFO). Before Feng Wei took office, NIO Automobile announced on November 7, 2019, that Qu Yu would succeed Wang Dongning as the company’s vice president of finance. From the current structure of NIO’s financial leasing staff, Wang Dongning has retired from the ranks of directors.