Nio (NIO) announces closing of $2.2B investment deal

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Go back to Nio (NIO) announces closing of $2.2B investment deal

NIO Inc. Announces Closing of US$2.2 Billion Strategic Equity Investment from CYVN

December 27, 2023 4:31 AM EST

SHANGHAI, China, Dec. 27, 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 closed the US$2.2 billion strategic equity investment from CYVN Investments RSC Ltd (CYVN), an investment vehicle based in Abu Dhabi, as announced on December 18, 2023.

In July 2023, CYVN made a US$738.5 million strategic equity investment in the Company and acquired certain Class A ordinary shares of the Company from an affiliate of Tencent Holdings Ltd. for an aggregate... More