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Abu Dhabi Government backed CYVN Holdings to invest in NIO Inc., China
On June 20, NIO Inc. entered into a share subscription agreement with CYVN Holdings L.L.C., an investment vehicle majority owned by the Abu Dhabi Government strategically focused on advanced and smart mobility. CYVN Holdings will invest USD 738.5 million in cash to subscribe 84,695,543 newly issued Class A ordinary s....
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