On December 18, NIO officially announced that it had signed an equity subscription agreement with Abu Dhabi-based CYVN HoldingsCYVN Holdings, through its affiliate CYVN, will invest $2.2 billion in cash to subscribe for 29.4 billion new Class A ordinary shares of the Company will be issued, and upon completion of the transaction, CYVN will hold approximately 20% of the total outstanding shares of NIO1%。
In July of this year, NIO received a 7$38.5 billion in strategic equity investment. In addition, CYVN acquired certain Class A ordinary shares of NIO from an affiliate of Tencent Holdings*** for a total consideration of 3$500 million. Upon completion of the transaction, CYVN's total equity investment in NIO will amount to approximately 235900 million yuan, which will beneficially hold approximately 20 percent of the total issued and outstanding shares of NIO1%。
CYVN Holdings is an Abu Dhabi-based specialist investor focused on investing in advanced, smart mobility. CYVN Holdings aims to create a smart mobility platform by investing in and partnering with industry leaders around the world.
It is worth noting that CYVN has not only brought capital to NIO, but is also expected to help it develop its international business. In a June announcement, NIO said it had reached a partnership with investors and would jointly seek opportunities for NIO to develop its international business after the investment deal was completed. The announcement on December 18 reaffirmed that after the completion of this investment, NIO and CYVN will continue to carry out strategic and technical cooperation in the international market.
According to public information, before the latest transaction of CYVN, the largest shareholder of NIO in Q3 2023 is a shareholding of 930%（1.6.5 billion shares) of NIO founders William Li, Abu Dhai (Emirate of), Tencent Holdings, Baiji Investment, and BlackRock each occupy four of the top five shareholders.
Commenting on the investment, Li Bin, Founder, Chairman and CEO of NIO, said: "We are deeply encouraged by CYVN's vision to accelerate the global transition to a more sustainable future, and we are grateful to CYVN for recognizing NIO's unique value. With the strengthening of its balance sheet, NIO is well positioned to respond to the increasingly fierce competitive landscape, while strengthening its brand positioning, enhancing its sales and service capabilities, and investing in core technologies for the long termContinuously improve the efficiency of implementation and systematization capabilities. We firmly believe that NIO will further consolidate its leading position in the transformation of the global automotive industry." ”
Huishang has a dream melt studio.
* |Chezhi, NIO, etc.
Edit |Wang Yulu.
First instance |Qi Fei.
Second instance |Liang Shuang.
Final Judgment |Bao Xiaochun.