NIO secures $2.2bn investment from Abu Dhabi

Chinese electric vehicle maker NIO has secured a $2.2 billion strategic investment from CYVN Holdings, an investment fund based in Abu Dhabi. Under the agreement, CUVN will invest an aggregate of US$2.2 billion in cash to subscribe for 294,000,000 newly issued Class A ordinary shares of the Company at a per share purchase price of US$7.50. The purchase will […]