A subsidiary of Nio, a Chinese EV manufacturer, has earned 3.3 billion yuan (around US$471 million) in funding from a consortium of investors supported by the Hefei government in China’s Anhui province.

The Hefei government has backed Nio since its founding in 2014.

This funding comes after Nio raised US$2.2 billion from CYVN Holdings, owned by Abu Dhabi’s government, nine months ago.