NIO (NIO) Reports $2.2B Equity Investment from CYVN
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NIO Inc. Announces US$2.2 Billion Strategic Equity Investment from CYVN
December 18, 2023 4:30 AM ESTSHANGHAI, China, Dec. 18, 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 (CYVN Holdings), through its affiliate CYVN Investments RSC Ltd (the Investor or CYVN), an investment vehicle based in Abu Dhabi, pursuant to which CYVN will invest an aggregate of US$2.2 billion in cash to subscribe for 294,000,000 newly issued Class A ordinary shares of the Company at a per share purchase... More
