Beijing, November 18 (Xinhua) -- According to the Tianyancha App, Hubei Changjiang NIO New Energy Investment Management Co., Ltd., an affiliated company of NIO Capital, has undergone a business change recently. The original shareholders, Beijing Sequoia Mingde Equity Investment Center (Limited Partnership) and Kunshan Xinghua Investment Consulting Center (Limited Partnership), under Sequoia China, have withdrawn. The registered capital has been reduced from approximately RMB 180 million to RMB 100 million, and several executives have undergone changes. Hubei Changjiang NIO New Energy Investment Management Co., Ltd. was established in November 2016, with ZHU YAN as its legal representative. Its business scope includes managing or entrusted management of equity investments and engaging in related consulting services, business information consulting, and economic information consulting. It is currently jointly owned by Ningbo Free Trade Zone Weixu Enterprise Management Co., Ltd. and Weiran (Nanjing) Power Technology Co., Ltd.