NIO announces completion of US$2.2 billion strategic equity investment from Abu Dhabi CYVN

NIO announced today that CYVN Investments RSC Ltd, headquartered in Abu Dhabi, has completed its US$2.2 billion (approximately 15.708 billion yuan) strategic equity investment transaction.

With the completion of a strategic equity investment of US$2.2 billion, CYVN’s total shareholding ratio has reached approximately 20.1%.

On December 18 this year, Weilai announced that it had entered into an agreement with CYVN Holdings L.L.C through its affiliated company CYVN Investments RSC Ltd. Share Subscription Agreement.

According to the share subscription agreement, CYVN will subscribe for 294 million newly issued Class A ordinary shares of the company at a price of US$7.50 per share, with a total investment amount of US$2.2 billion.

In July this year, CYVN completed a strategic investment totaling approximately US$1.1 billion (approximately RMB 7.854 billion) through the private issuance of new shares and transfer of old shares, thereby acquiring 7% of NIO’s shares.

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