<div id="readability-page-1"><blockquote><ul><li>By the end of January, Mirattery's battery assets under management had surpassed 40 GWh.</li><li>This marks the world's first hold-type power battery REITs, representing a pivotal step in Mirattery's power battery asset securitization strategy.</li></ul></blockquote><figure id="attachment_136569"><img src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/02/2026021106165656.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1600" height="899" original-src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/02/2026021106165656.jpg"/><figcaption id="caption-attachment-136569">(Image credit: Nio)</figcaption></figure><p>Mirattery, the battery asset operator of Nio Inc (NYSE: NIO, HKG: 9866), also known as Wuhan Weineng, has completed a REITs (Real Estate Investment Trusts) issuance as its latest asset securitization effort.</p><p>The REIT issuance closed on Wednesday at RMB 501 million ($72.5 million), with underlying assets comprising power batteries serving vehicle owners under a leasing model, according to a Mirattery statement.</p><p>This marks the world's first held-for-investment power battery REITs (held-for-investment ABS), representing a key step forward in Mirattery's power battery asset securitization, it said.</p>    <div>        <p><span>Join us on </span>            Telegram            <span> or </span>            Google News        </p>    </div><p>Held-for-investment REITs, typically structured as hold-type asset-backed securities (ABS) or quasi-REITs, are investment vehicles designed to hold income-generating real estate assets for the long term rather than immediate sale.</p><p>The issuance was completed by CITIC Securities with support from the Shanghai Stock Exchange.</p><p>As of the end of January, Mirattery's battery assets under management exceeded 40 GWh, according to the company.</p><p>Leveraging the equity financing attributes of REITs, Mirattery will further implement its asset-light strategy. This will broaden diversified financing channels while improving the company's asset-liability structure, it said.</p><p>Mirattery was established on August 18, 2020, as a joint venture between CATL (SHE: 300750), Nio, Guotai Junan Securities, and Hubei Science Technology Investment.</p><p>In August 2020, Nio launched its BaaS (Battery as a Service) battery rental business, with Mirattery serving as the manager of these leased battery assets.</p><p>Over the past few years, Mirattery has advanced asset securitization through the issuance of ABS and ABN (Asset-Backed Medium-Term Notes).</p><p>In December last year, Mirattery announced the completion of a Series C equity financing round worth nearly RMB 1 billion.</p>    <div>        <div>            <p><img width="768" height="432" src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/01/2026010110591475-768x432.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/01/2026010110591475-768x432.jpg"/>                            </p>        </div>        <div>            <p>Nio brand to add over 4,200 long-range battery packs to swap network in Jan</p>            <p>Nio's battery swap system will further expand its long-range battery pack inventory based on user demand, the company said.</p>                    </div>    </div>    <p>($1 = RMB 6.9104)</p>                                                                                </div>

<p>Mirattery, Nio's battery asset operator, has issued $72.5 million in REITs as part of its asset securitization strategy, marking the world's first hold-type power battery REITs. The issuance, completed by CITIC Securities, is aimed at enhancing Mirattery's asset-light strategy and diversifying financing channels. As of January, Mirattery's battery assets under management exceeded 40 GWh. Established in 2020, Mirattery manages leased battery assets under Nio's Battery as a Service (BaaS) model and has previously engaged in asset securitization through ABS and ABN issuances.</p>

- By the end of January, Mirattery's battery assets under management surpassed 40 GWh, achieving a significant milestone in power battery asset securitization.  
- The company completed a REITs issuance of RMB 501 million ($72.5 million), backed by power batteries leased to vehicle owners.  
- This marks the world's first hold-type power battery REITs, enhancing Mirattery's asset-light strategy and diversifying financing channels.

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Nio's battery asset operator Mirattery issues $72.5 million REITs in new securitization effort