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As part of the deal, Nio will establish in Hefei a company in charge of its China operations, including production, research and development and sales. Nio will remain headquartered in Shanghai.

As of October, the nation has also processed more than 2,400 cases involving concentration of undertakings or merger proposals that could lead to distortion of competition.

As of the end of June, Beijing had taken measures including cleaning up and storing the misplaced shared bikes in a bid to better regulate the industry.

As of the end of August this year, Beijing had banned 20,300 applications that were not aligned with the city's development direction. Half of the new companies that have been registered are in the science, technology, culture and information industries.

As many as 125 suppliers and 141 purchasers from the 34 countries and regions involved in the initiative have registered on the platform as of April 18, with total accumulated transaction amount accounting for 26.6 percent of the platform's total transaction, it said at a press release in Beijing on Thursday.