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Top related persons:
Nio - 2 Nio's ET5 - 1 Xpeng - 1 Li - 1 CYVN - 1 Akash Sriram - 1 Tanya Jain - 1 Shailesh - 1
Top related locs:
Abu Dhabi Nio Wuhan China BEIJING U.S BYD Nio's U.S
Top related orgs:
CYVN Holdings - 2 Central China International - 1 Nio Inc - 1 Li Auto - 1 Nio's - 1 Tencent Holdings - 1 HK - 1 CYVN - 1

Search resuls for: "Nio's U.S"


2 mentions found


☆ Chinese EV maker Nio raises more than $700 million in capital injection from Abu Dhabi
  + stars: | 2023-06-21 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: 1 min
Nio's ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. BEIJING — Chinese electric car company Nio announced Tuesday it received $738.5 million in new capital from a fund owned by the Abu Dhabi government. The strategic investment ultimately gives the fund, CYVN Holdings, a 7% stake in Nio. Nio earlier this month said lackluster car deliveries was affecting cash flow, and that it was delaying capital expenditure and some research and development projects. Nio disclosed cash and cash equivalents of 14.76 billion yuan ($2.07 billion) as of March, below what it disclosed for the end of 2021 and 2022.
Persons: Nio's ET5, Nio Organizations: Central China International, CYVN Holdings Locations: Wuhan, China, BEIJING, Abu Dhabi, Nio, U.S
☆ China's Nio to get near $740 million investment from Abu Dhabi-backed firm
  + stars: | 2023-06-20 | by ( ) www.reuters.com   time to read: +1 min
Nio and peers Xpeng and Li Auto are among those competing to grab a larger EV market share in the world's largest automotive market dominated by BYD (002594.SZ). Under the deal, Nio will issue about 85 million new Class A shares at $8.72 per share to CYVN Holdings. CYVN has also entered into a deal with an affiliate of Tencent Holdings (0700.HK), under which it will pick up some shares of Nio. Nio said it will pursue global business opportunities jointly with CYVN following the closing of the investment deal. Its cash and cash equivalents fell to 14.76 billion yuan ($2.15 billion) in the first three months of the year from 19.89 billion yuan at end of the fourth quarter of 2022.
Persons: Xpeng, Li, Nio, CYVN, Akash Sriram, Tanya Jain, Shailesh Organizations: CYVN Holdings, Nio Inc, Li Auto, Nio's, Tencent Holdings, HK, CYVN, Thomson Locations: Abu Dhabi, BYD, Nio's U.S, Nio, Bengaluru
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