Audi in talks to acquire SAIC's EV platform

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Go back to Audi in talks to acquire SAIC's EV platform

NIO Inc. Announces Closing of Strategic Equity Investment from CYVN

July 12, 2023 7:02 AM EDT

SHANGHAI, China, July 12, 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$738.5 million strategic equity investment from CYVN Investments RSC Ltd, an affiliate of CYVN Holdings L.L.C., an investment vehicle majority owned by the Abu Dhabi Government with a strategic focus on advanced and smart mobility (collectively referred to as CYVN Entities), previously announced on June 20, 2023 (the Investment Transaction).

Based on publicly disclosed information, CYVN Entities also... More