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According to NIO's official WeChat account, on October 4th, NIO and its strategic investor CYVN signed a strategic cooperation agreement, announcing the establishment of an advanced technology research and development center in Abu Dhabi, United Arab Emirates, focusing on intelligent driving and artificial intelligence technology research and development. NIO and CYVN will also jointly develop a new car model for the local market. Meanwhile, NIO announced that it will officially launch business in the Middle East and North Africa region. The operation of this business will be carried out through the joint venture between NIO and CYVN, NIO Northeast Africa Company, to provide services to local users.
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