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Nio receives money from the Emirates

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Published: December 19th, 2023,
Last updated: May 28th, 2025

The electric car manufacturer Nio has secured a major investment from the United Arab Emirates. The company announced this on Monday. The CYVN fund from Abu Dhabi is buying new Nio shares for 2.2 billion dollars. This gives the fund the right to appoint supervisory board members. Following completion of the transaction, it will own 20.1 percent of the e-car start-up.

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