Hong Kong-listed NIO Inc, a leading company in the premium s💛mart electric vehicle (EV) market, announced𝔉 a strategic equity investment from Abu Dhabi-based CYVN Holdings.

Previously, in July 2023, NIO received a USD 738.5mn fro🌺m CYVN, along with the latter acquiring sℱhares from Tencent Holdings for USD 350mn. Following the completion of the new investment, CYVN will own approximately 20.1% of NIO's total capital.

Following this transaction, CYVN wil🌃l hold approximately 20.1% of NIO's shares, enhancing its influence in the company with the right to nominate directors to the board.

The investment strengthens NIO's financial position,🎃 enabling it to navigate the competitive landscape, invest in core technologies, and expand internationally, and aligns with CYVN's ambition to craft a le♉ading global mobility portfolio.

NIO is recognized for its innovations in autonomous driving, digital technologies, electric powertrains, and batteries, differentiating itself with continuous technological breakthroughs such as its industry-leading battery swapping technologie🦩s, Battery as a Service (BaaS), and proprietary autonomous d🅷riving technologies (ADaaS). NIO's product portfolio includes a range of smart electric vehicles designed to cater to various consumer needs.

CYVN focuses on investing in and partnering with industry leader♔s in smart and advanced mobility solutions, aiming to create a smart mobility platform globally.

EMIS alongside leading global law firm CMS, are pleased to have launched the Emerging Europe M&A 2023/24 Report, exploring the trends and data within the region, on both a country and sector basis. .

Original source: EMIS M&A Dealwatch