On the morning of December 20th, as of press release, NIO Hong Kong stocks rose by over 6%. According to a recent announcement, CYVN will invest a total of $2.2 billion in cash to subscribe to 294 million Class A common shares issued by NIO at a purchase price of $7.50 per share. After the transaction is completed, CYVN will actually hold approximately 20.1% of the total issued and outstanding shares of NIO.