On December 24th, during a media communication meeting with NIO, Li Bin, founder, chairman, and CEO of NIO, stated in an interview with media such as Shell Finance that "CYVN is already our shareholder, making it easier to continue investing." Middle Eastern investors have conducted a lot of research on NIO and the industry, which is a complete market behavior and reflects the recognition of China's intelligent electric vehicle industry by global strategic investors. The previous strategic investment in July only took investors three weeks from contact to completion of the transaction.
On December 18th, NIO announced a new round of share subscription agreement with Abu Dhabi investment firm CYVN Holdings (referred to as "CYVN"). CYVN will make a strategic investment of approximately $2.2 billion in cash to NIO through its subsidiary CYVN Investments. Previously, 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.
As of now, NIO has received $3.3 billion in investment from CYVN. After the completion of the investment transaction in December, CYVN will hold approximately 20.1% of the total shares of NIO. However, CYVN holds Class A common shares of NIO with 1:1 voting rights, while Li Bin holds 148.5 million Class C shares of NIO with 1:8 super voting rights and remains the actual controller of NIO.