Nio (NIO) gains $738M investment from CYVN Holdings
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NIO Inc. Announces Strategic Equity Investment from CYVN Holdings
June 20, 2023 9:05 AM EDTSHANGHAI, China, June 20, 2023 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (NIO or the Company), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has entered into a share subscription agreement with CYVN Holdings L.L.C., an investment vehicle majority owned by the Abu Dhabi Government strategically focused on advanced and smart mobility (the Investor or CYVN Holdings), pursuant to which the Investor will invest an aggregate of US$738.5 million in cash to subscribe 84,695,543 newly issued Class A ordinary shares of the... More
