NIO Inc. Announces Closing of US$2.2 Billion Strategic Equity Investment from CYVN
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The upcoming sedan, named SU7 (with SU standing for Speed Ultra), is generating a lot of excitement. Chief Executive Lei Jun has highlighted its "super electric motor" technology, boasting acceleration speeds faster than those of Tesla (NASDAQ: TSLA)... More
Nio (NIO) announces closing of $2.2B investment deal
December 27, 2023 1:36 PM ESTChinese electric automaker, Nio Inc. (NYSE: NIO) announced Wednesday that the company has closed the US$2.2 billion strategic equity investment from Abu Dhabi-based CYVN Investments.
CYVN completed a significant strategic equity investment of US$738.5 million in the Company back in July. As part of... More
