On December 18th, NIO announced a new round of share subscription agreement with Abu Dhabi investment firm CYVN Holdings. CYVN Holdings will make a total strategic investment of approximately $2.2 billion in cash to NIO through its subsidiary CYVN Investments. After the completion of this investment, NIO and CYVN will continue to jointly carry out strategic and technological cooperation in the international market. In July of this year, CYVN completed a strategic investment of approximately $1.1 billion through targeted issuance of new shares and transfer of old shares.