Nio Receives $2.2 Billion Investment from Abu Dhabi's CYVN

The strategic equity investment boosts CYVN's ownership stake to 20.1%, strengthening Nio's position in the competitive electric vehicle market.

Abu Dhabi-based investment group CYVN plans to invest $2.2 billion in Chinese electric vehicle (EV) maker Nio, increasing its ownership stake to 20.1%.
The investment is expected to strengthen Nio's position in the EV market, enabling technology advancements, brand strengthening, and international expansion.
Nio's CEO, William Bin Li, stated that the company is prepared to sharpen brand positioning, bolster sales and service capabilities, and make long-term investment in core technologies to navigate the intensifying competitive landscape.
Nio is currently in 10th place in China's EV market, which has become increasingly competitive following a price war initiated by Tesla.
Nio has been expanding its battery swapping infrastructure and establishing showrooms at premiere locations across China, and is also planning to expand globally.