NIO Technology Co., Ltd., “NIO Technology” recently replaced its sole shareholder, Shanghai Anbin Technology Co., Ltd., with NIO Nextev Limited, a company incorporated in Hong Kong,  according to the corporate database Tianyancha. 

Meanwhile, the type of NIO Technology has been changed to the limited liability company Hong Kong, Macao and Taiwan’s sole proprietorship of legal person) from the limited liability company invested by or controlled by natural person).

NIO Technology was incorporated in November 2014 with a registered capital of 30 million yuan $4.732 million). It features a line of businesses covering technology development, transfer and consultation for fields like complete vehicle, auto parts, new energy and intelligent systems.

The replacement of the shareholder was regarded by some industry insiders as part of preparations for NIO's public listing in Hong Kong.

However, NIO has not commented on the matter yet.

Notably, Tianyancha's information shows that another NIO's affiliated company, NIO Automobile Technology Co., Ltd., was deregistered in mid-January this year. After being reached for a comment, NIO said the deregistration will not affect NIO's operations as the subsidiary had not substantially run businesses.