China's Nio to Get Near $740 Million Investment From Abu Dhabi-Backed Firm

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China's Nio to Get Near $740 Million Investment From Abu Dhabi-Backed Firm

StreetInsider2023-06-20

Nio Inc said on Tuesday that CYVN Holdings, a firm backed by the Abu Dhabi government, will invest about $738.5 million in the Chinese electric vehicle maker.Nio and peers Xpeng and Li Auto are among ...

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Sandyboy
·2023-06-20
Expect more fall in share price
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Superdaddy88
·2023-06-20
Dilution is bad
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invest about $738.5 million in the Chinese electric vehicle maker.Nio and peers Xpeng and Li Auto are among ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=21816614\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","09866":"蔚来-SW","NIO.SI":"蔚来"},"source_url":"https://www.streetinsider.com/dr/news.php?id=21816614","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2344423444","content_text":"Nio Inc said on Tuesday that CYVN Holdings, a firm backed by the Abu Dhabi government, will invest about $738.5 million in the Chinese electric vehicle maker.Nio and peers Xpeng and Li Auto are among the companies competing to grab a larger EV market share in the world's largest automotive market dominated by BYD.Under the deal with CYVN Holdings, Nio will issue about 85 million new Class A shares at $8.72 per share to the firm.CYVN has also entered 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invest about $738.5 million in the Chinese electric vehicle maker.Nio and peers Xpeng and Li Auto are among ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=21816614\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","09866":"蔚来-SW","NIO.SI":"蔚来"},"source_url":"https://www.streetinsider.com/dr/news.php?id=21816614","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2344423444","content_text":"Nio Inc said on Tuesday that CYVN Holdings, a firm backed by the Abu Dhabi government, will invest about $738.5 million in the Chinese electric vehicle maker.Nio and peers Xpeng and Li Auto are among the companies competing to grab a larger EV market share in the world's largest automotive market dominated by BYD.Under the deal with CYVN Holdings, Nio will issue about 85 million new Class A shares at $8.72 per share to the firm.CYVN has also entered 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