Nio’s Middle East backer CYVN to buy sports car maker McLaren’s auto business
CYVN reached a non-binding agreement to acquire 100 percent of McLaren's automotive business from Bahrain's sovereign wealth fund Mumtalakat.
Nio, CYVN form JV Nio MENA to tap Middle East and North Africa markets
Nio MENA will introduce Nio and its sub-branded models to Middle East and North Africa markets. Nio and CYVN plan to collaborate on a new EV…
Nio signs technology license agreement with CYVN subsidiary Forseven
Nio will grant Forseven a worldwide license to use certain of the company's existing and future technologies related to or subsisting in the…
Nio announces board change, 2 CYVN appointees join
Nio announced changes to its board of directors, with two people appointed by CYVN Holdings joining and one person appointed by Tencent dropping out.
Nio announces closing of $2.2 billion investment from CYVN
Nio said it and CYVN, as well as their respective subsidiaries, will continue to work closely together in pursuing strategic and technological…
CYVN to become Nio’s largest shareholder, while William Li to retain most voting rights
At the end of February, Li's stake in Nio was 10.5 percent, with 44.2 percent of the voting rights. CYVN will hold a 20.1 percent stake in Nio…
Nio secures new $2.2 billion investment from Abu Dhabi’s CYVN
CYVN will increase its stake in Nio to about 20 percent with its latest investment, after finishing a roughly $1.1 billion investment in July.
Nio announces closing of investment from Abu Dhabi fund
Nio and the CYVN entities will work together on strategic collaborations in international business and technology partnerships, the EV maker said.
Nio says Abu Dhabi investment took just 3 weeks from talk to deal
The partnership, which went from discussion to agreement in just three weeks, demonstrates Abu Dhabi's commitment to investing in technology…
Nio secures $1.1 billion investment from Abu Dhabi fund
The investment will further strengthen Nio's balance sheet to power its continuous endeavors in accelerating business growth, driving…