Nio closes $2.2B equity investment from CYVN, as announced on December 18

Earlier today, the company stated: “NIO announced that it has closed the $2.2 billion strategic equity investment from CYVN Investments RSC Ltd, an investment vehicle based in Abu Dhabi, as announced on December 18, 2023. In July 2023, CYVN made a $738.5 million strategic equity investment in the Company and acquired certain Class A ordinary shares of the Company from an affiliate of Tencent Holdings Ltd. for an aggregate consideration of US$350 million. Both transactions were closed in July 2023. Now with the closing of the US$2.2 billion strategic equity investment, CYVN in aggregate beneficially owns approximately 20.1% of the Company’s total issued and outstanding shares. Going forward, NIO and CYVN, together with their respective affiliates, will continue to work closely and jointly to pursue strategic and technology collaborations in international markets.”