NIO recently announced:A US$2.2 billion (equivalent to approximately RMB 15.7 billion) strategic equity investment transaction from Abu Dhabi-based CYVNI Investments RSCLtd has been completed.Public information shows thatCYVN is an investment institution headquartered in Abu Dhabi. It was established in 2022 and focuses on strategic investment and layout in the field of advanced, intelligent and sustainable mobility.
Currently, CYVN beneficially owns approximately 20.1% of the company’s total issued shares.
In July this year, CYVN completed a total strategic investment of approximately US$1.1 billion through the private issuance of new shares and the transfer of old shares.
In addition to NIO, CYVN has made multiple investments in the field of smart travel, including Lucid Motors and Xpeng Motors.
On December 18 this year, Weilai announced that it had entered into a share subscription agreement with CYVN Holdings L.L.C. through its affiliated company CYVN Investments RSCLtd.
NIO CEO Li Bin said: This investment will provide support for NIO’s technological innovation and business development. We look forward to working with CYVN to continue to promote product innovation, technological breakthroughs and international market expansion, and jointly contribute to global sustainable development.