Hong Kong-listed smart EV maker NIO Inc Secures USD 2.2bn Investment from Abu Dhabi-based CYVN

Hong Kong-listed NIO Inc, a leading company in the premium smart electric vehicle (EV) market, announced a strategic equity investment from Abu Dhabi-based CYVN Holdings.

Previously, in July 2023, NIO received a USD 738.5mn from CYVN, along with the latter acquiring shares from Tencent Holdings for USD 350mn. Following the completion of the new investment, CYVN will own approximately 20.1% of NIO's total capital.

Following this transaction, CYVN will hold approximately 20.1% of NIO's shares, enhancing its influence in the company with the right to nominate directors to the board.

The investment strengthens NIO's financial position, enabling it to navigate the competitive landscape, invest in core technologies, and expand internationally, and aligns with CYVN's ambition to craft a leading global mobility portfolio.

NIO is recognized for its innovations in autonomous driving, digital technologies, electric powertrains, and batteries, differentiating itself with continuous technological breakthroughs such as its industry-leading battery swapping technologies, Battery as a Service (BaaS), and proprietary autonomous driving technologies (ADaaS). NIO's product portfolio includes a range of smart electric vehicles designed to cater to various consumer needs.

CYVN focuses on investing in and partnering with industry leaders in smart and advanced mobility solutions, aiming to create a smart mobility platform globally.

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