NIO announced on December 18th on the Hong Kong Stock Exchange that the company has entered into a share subscription agreement with CYVN Holdings L.L.C ("CYVN Holdings") through its affiliate CYVN Investments RSC Ltd ("Investor" or "CYVN"). CYVN is an investment entity headquartered in Abu Dhabi. According to the share subscription agreement, CYVN will invest a total of $2.2 billion in cash to subscribe for 294 million newly issued Class A common shares of the company at a purchase price of $7.50 per share (the "December Investment Transaction").