NIO Capital has invested in Yun Kuaichong to enhance the charging infrastructure for electric vehicles in China, strategically positioning itself in a rapidly growing industry.

Target Information

Yun Kuaichong (YKC) is a leading provider of new energy Internet of Things (IoT) services in China, specializing in the development of infrastructure for electric vehicles (EVs). Recently, YKC announced a new round of financing aimed at accelerating the expansion of its charging infrastructure. Notably, the company operates the largest third-party charging IoT SaaS platform in the country, supporting over 2500 electric charging operators and providing connectivity for more than 120,000 direct-connected charging stations across more than 300 cities as of August 2021.

Zhu Yan, the Managing Partner of NIO Capital, highlighted the growing penetration of electric vehicles in China, predicting exponential growth in the charging station industry. With diverse public charging scenarios expected to coexist long-term, the investment landscape for these infrastructures will become highly fragmented among various operators and stakeholders.

Industry Overview

The electric vehicle charging infrastructure industry in China is currently experiencing substantial growth, driven by the rapid adoption of electric vehicles among consumers and a robust governmental push for sustainable transportation. As the world