Nio (NIO) signs investment deal with Abu Dhabi’s CYVN Holdings

Deutsche Bank comments on Nio's (NIO) recent $2.2B investment deal

Deutsche Bank reiterated a Buy rating on Nio Inc. (NYSE: NIO) Monday, with a 12-month price target of $11.00, after the Chinese electric automaker announced a $2.2 Billion investment deal with Abu Dhabi's CYVN Holdings.

Our initial view is this move eliminates the near-term overhang around capital runway given sheer size of the deal. Wrote Deutsche Bank analysts in a... More

Midday movers: Apple, Netflix and more

(Updated - December 18, 2023 12:03 PM EST)

Investing.com -- Main U.S. indexes climbed Monday at the start of the final full trading week of 2023, continuing the recent rally. The Dow hit an all-time high and the S&P 500 and Nasdaq were close to their best levels of the year.

Here are some of the biggest U.S. stock movers today:

United States Steel Corporation (NYSE: X) stock soared 27% after Japan's Nippon Steel said it would buy the steelmaker in a deal worth $14.9 billion including debt.

Apple (NASDAQ:... More

China's Nio to get $2.2 billion investment from Abu Dhabi's CYVN

SHANGHAI (Reuters) -Electric vehicle maker Nio has signed a pact for an investment of $2.2 billion from CYVN Holdings, an investment vehicle based in Abu Dhabi, the Chinese company said on Monday.

The investment comes as Nio, with its EV sales and profitability under pressure in a price war started by Tesla, has sought to boost efficiency by cutting a... More

Why EV maker Nio stock just surged higher

Chinese electric vehicle (EV) manufacturer Nio (NYSE: NIO) saw its stock rise as much as 10% in pre-market Friday after the company said CYVN will invest $2.2 billion by subscribing to 294 million Class A ordinary shares at $7.50 per share.

This move will give CYVN... More

NIO (NIO) Reports $2.2B Equity Investment from CYVN

NIO Inc. (NYSE: NIO), 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 price of US$7.50 (the December Investment Transaction).

As previously... More

Nio (NIO) to bring Firefly brand to Europe in 2025

Lihong Qin, the president of Chinese electric vehicle (EV) maker, Nio (NYSE: NIO) announced Friday that the company plans to launch its cheaper Firefly brand in Europe in 2025.

During an online press conference, Qin mentioned that both Firefly and Alps brands will cater to family-oriented car models, with Firefly focusing on... More

Zeekr introduces fast-charging LFP battery

Premium Chinese electric vehicle maker, Zeekr on Thursday unveiled their new fast charging lithium iron phosphate batteries.

Zeekr joins the ranks of manufacturers introducing a new battery into a highly competitive market. This move aims to reduce reliance on external suppliers for crucial components in EVs.

located... More