Nio receives strategic equity investment from CYVN Holdings
After the two investment transactions are executed, CYVN Holdings will hold approximately 7% equity stake in Nio
Shanghai-based electric carmaker Nio Inc. announced June 20 that it has entered into a share subscription agreement with CYVN Holdings LLC, pursuant to which the latter will invest an aggregate of $738.5 million in cash to subscribe 84,695,543 newly issued Class A ordinary shares of the company.
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