On December 18th, NIO announced a strategic investment of approximately $2.2 billion from Abu Dhabi investment institutions. There are reports that Li Bin, founder, chairman, and CEO of NIO, is no longer a major shareholder. In response, Li Bin stated that "these media outlets have not done enough homework". Firstly, when he went public, he transferred 50 million shares to user trusts, but now there is no reduction in his equity statement, which means he is no longer the largest shareholder in the economic sense; Secondly, due to having super voting rights, one still maintains the most voting rights and there is little change in shareholder voting.