NIO Inc. Announces Closing of US$2.2 Billion Strategic Equity Investment from CYVN

SHANGHAI, China, Dec. 27, 2023 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has closed the US$2.2 billion strategic equity investment from CYVN Investments RSC Ltd ("CYVN"), an investment vehicle based in Abu Dhabi, as announced on December 18, 2023. In July 2023, CYVN made a US$738.5 million strategic equity investment in the Company and acquired certain Class A ...