NIO announced the signing of a new round of share subscription agreement with Abu Dhabi investment institution CYVN Holdings

NIO announced the signing of a new round of share subscription agreement with CYVN Holdings, an Abu Dhabi investment institution. CYVN Holdings will make a total strategic investment of approximately US$2.2 billion in cash in NIO through its subsidiary CYVN Investments. . After the transaction is completed, CYVN will beneficially hold approximately 20.1% of the total issued and outstanding shares of NIO. After the completion of this investment, NIO and CYVN will continue to jointly carry out strategic and technical cooperation in the international market.