Fast Technology reported on December 27 that NIO recently announced that it has completed a strategic equity investment transaction of US$2.2 billion (equivalent to about RMB 15.7 billion) from Abu Dhabi-based CYVN Investments RSC Ltd.
According to public information, CYVN is an Abu Dhabi-based investment institution, established in 2022, focusing on strategic investment and layout in the field of advanced, intelligent and sustainable mobility.
At present, CYVN has a total of approximately 20 issued shares of the company beneficially owned1%。
In July this year, CYVN completed a strategic investment totaling about US$1.1 billion through a private placement of new shares and the transfer of old shares.
In addition to NIO, CYVN has made a number of investments in the field of smart mobility, including companies such as Lucid Motors and Xpeng Motors.
On December 18 this year, NIO announced that it had entered into a partnership with CYVN Holdings Ll.c. Enter into a share subscription agreement through its affiliate, CYVN Investments RSC Ltd.
Li Bin, CEO of NIO, said: "This investment will support NIO's technological innovation and business development. We look forward to working with CYVN to continue to promote product innovation, technological breakthroughs and international market expansion, and jointly contribute to global sustainable development."