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Nio, CYVN form JV Nio MENA to tap Middle East and North Africa markets

Nio MENA will introduce Nio and its sub-branded models to Middle East and North Africa markets. Nio and CYVN plan to collaborate on a new EV program involving research, manufacturing and future product launches.

Nio, CYVN form JV Nio MENA to tap Middle East and North Africa markets

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Nio and CYVN plan to collaborate on a new EV program involving research, manufacturing and future product launches.","content":"<div class=\"post-content\">\n<p><em>This article is being updated, please refresh later for more content.</em></p>\n<blockquote><p><a class=\"st_tag internal_tag\" href=\"https://cnevpost.com/nio/\" rel=\"tag\" title=\"\">Nio</a> MENA will introduce Nio and its sub-branded models to Middle East and North Africa markets. Nio and CYVN plan to collaborate on a new EV program involving research, manufacturing and future product launches.</p></blockquote>\n<p><img alt=\"Nio, CYVN form JV Nio MENA to tap Middle East and North Africa markets-CnEVPost\" class=\"alignnone size-full wp-image-101223\" data-od-added-loading=\"\" data-od-removed-fetchpriority=\"high\" data-od-replaced-sizes=\"(max-width: 1200px) 100vw, 1200px\" data-od-xpath=\"/*[1][self::HTML]/*[2][self::BODY]/*[2][self::MAIN]/*[1][self::DIV]/*[3][self::DIV]/*[1][self::DIV]/*[1][self::DIV]/*[2][self::DIV]/*[3][self::P]/*[1][self::IMG]\" decoding=\"async\" fetchpriority=\"high\" height=\"800\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" src=\"https://img.cnevpost.com/2024/10/05091046/2024100501104564-jpg.webp\" srcset=\"https://img.cnevpost.com/2024/10/05091046/2024100501104564-jpg.webp 1200w, https://img.cnevpost.com/2024/10/05091046/2024100501104564-272x182.webp 272w\" width=\"1200\"/></p>\n<p>Nio (NYSE: NIO) has announced a joint venture in the Middle East to expand into the Middle East and North Africa markets, with plans for local production.</p><div class=\"code-block code-block-3\" style=\"margin: 8px auto; text-align: center; display: block; clear: both;\">\n<div class=\"subscription-container\">\n<div class=\"subscription-content\">\n<span class=\"bold-text\">Join us on </span>\n<a class=\"subscribe-button\" href=\"https://t.me/CnEVPost\" rel=\"noopener noreferrer\" target=\"_blank\">Telegram</a>\n<span class=\"bold-text\"> or </span>\n<a class=\"subscribe-button\" href=\"https://cnev.co/gnews\" rel=\"noopener noreferrer\" target=\"_blank\">Google News</a>\n</div>\n</div>\n<style></style></div>\n<p>The Chinese electric vehicle (EV) maker today announced the formation of Nio MENA with its Middle East backer, Abu Dhabi-based CYVN Holdings, in a partnership that marks Nio's entry into the Middle East and North Africa (MENA) markets.</p>\n<p>Nio MENA will introduce Nio and its sub-branded models to the MENA (Middle East and North Africa) markets, expanding its footprint and further integrating it into the global smart electric vehicle ecosystem, according to a statement.</p>\n<p>The UAE has been selected as the initial market for Nio MENA, positioning the region as a key player in the deployment of advanced autonomous driving systems and battery replacement technologies.</p>\n<p>As part of its broader regional vision, Nio and CYVN plan to collaborate on a new electric vehicle program involving research, manufacturing and future product launches.</p>\n<p>Through this initiative, Nio MENA will work with local Egyptian partners to further enhance Egypt's position in electric vehicle manufacturing.</p>\n<p>Nio and CYVN also plan to establish a research and development center in Abu Dhabi that will focus on autonomous driving and artificial intelligence.</p>\n<p>CYVN completed two investments totaling $3.3 billion in Nio in 2023, making it the largest shareholder in the Chinese EV maker, with a stake of about 20.1 percent.</p>\n<p>On February 7 this year, Nio's board of directors changed, with the addition of two people appointed by CYVN.</p>\n<p>On February 26, Nio announced that it had entered into a technology licensing agreement with Forseven Limited, a subsidiary of CYVN and a UK-based EV start-up company bankrolled by CYVN.</p>\n<p>Nio would grant Forseven a non-exclusive and non-transferable worldwide license to use certain of the company's existing and future technical solutions, software and intellectual property related to the company's EV platform, according to its announcement.</p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"rx5rtdY1gv\"><p><a href=\"https://cnevpost.com/2024/02/26/nio-tech-license-with-cyvn-forseven/\">Nio signs technology license agreement with CYVN subsidiary Forseven</a></p></blockquote>\n<p><iframe class=\"wp-embedded-content\" data-lazy-src=\"https://cnevpost.com/2024/02/26/nio-tech-license-with-cyvn-forseven/embed/#?secret=T0q5JA6NBU#?secret=rx5rtdY1gv\" data-rocket-lazyload=\"fitvidscompatible\" data-secret=\"rx5rtdY1gv\" frameborder=\"0\" height=\"282\" loading=\"lazy\" marginheight=\"0\" marginwidth=\"0\" sandbox=\"allow-scripts\" scrolling=\"no\" security=\"restricted\" src=\"about:blank\" style=\"position: absolute; 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markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-05 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://cnevpost.com/2024/10/05/nio-cyvn-form-nio-mena/><strong>CnEVPost</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This article is being updated, please refresh later for more content.\nNio MENA will introduce Nio and its sub-branded models to Middle East and North Africa markets. Nio and CYVN plan to collaborate ...</p>\n\n<a href=\"https://cnevpost.com/2024/10/05/nio-cyvn-form-nio-mena/\">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","BK4532":"文艺复兴科技持仓","BK4531":"中概回港概念","NIO.SI":"蔚来","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","BK4555":"新能源车","BK4509":"腾讯概念","BK4526":"热门中概股","BK4588":"碎股","BK4574":"无人驾驶","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4099":"汽车制造商","LU0052750758.USD":"富兰克林中国基金A Acc","09866":"蔚来-SW","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","BK4548":"巴美列捷福持仓","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM"},"source_url":"https://cnevpost.com/2024/10/05/nio-cyvn-form-nio-mena/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2473482129","content_text":"This article is being updated, please refresh later for more content.\nNio MENA will introduce Nio and its sub-branded models to Middle East and North Africa markets. Nio and CYVN plan to collaborate on a new EV program involving research, manufacturing and future product launches.\n\nNio (NYSE: NIO) has announced a joint venture in the Middle East to expand into the Middle East and North Africa markets, with plans for local production.\n\n\nJoin us on \nTelegram\n or \nGoogle News\n\n\n\nThe Chinese electric vehicle (EV) maker today announced the formation of Nio MENA with its Middle East backer, Abu Dhabi-based CYVN Holdings, in a partnership that marks Nio's entry into the Middle East and North Africa (MENA) markets.\nNio MENA will introduce Nio and its sub-branded models to the MENA (Middle East and North Africa) markets, expanding its footprint and further integrating it into the global smart electric vehicle ecosystem, according to a statement.\nThe UAE has been selected as the initial market for Nio MENA, positioning the region as a key player in the deployment of advanced autonomous driving systems and battery replacement technologies.\nAs part of its broader regional vision, Nio and CYVN plan to collaborate on a new electric vehicle program involving research, manufacturing and future product launches.\nThrough this initiative, Nio MENA will work with local Egyptian partners to further enhance Egypt's position in electric vehicle manufacturing.\nNio and CYVN also plan to establish a research and development center in Abu Dhabi that will focus on autonomous driving and artificial intelligence.\nCYVN completed two investments totaling $3.3 billion in Nio in 2023, making it the largest shareholder in the Chinese EV maker, with a stake of about 20.1 percent.\nOn February 7 this year, Nio's board of directors changed, with the addition of two people appointed by CYVN.\nOn February 26, Nio announced that it had entered into a technology licensing agreement with Forseven Limited, a subsidiary of CYVN and a UK-based EV start-up company bankrolled by CYVN.\nNio would grant Forseven a non-exclusive and non-transferable worldwide license to use certain of the company's existing and future technical solutions, software and intellectual property related to the company's EV platform, according to its announcement.\nNio signs technology license agreement with CYVN subsidiary Forseven\n\n\n\nBecome A CnEVPost Member\nBecome a member of CnEVPost for an ad-free reading experience and support us in producing more quality content.\n\nBecome A Member\n\n\n        Already a member? Sign in here.\n        \n\n\n\nMore From CnEVPost\n\n\n\n\n \n\n\nNio sees 2nd-highest ever deliveries in Sept as Onvo starts contributing to volume\n\n\n\n\n\n \n\n\nNio partners with UK firm Monolith for real-time AI battery testing\n\n\n\n\n\n \n\n\nDeutsche Bank gives positive read on Nio China's new financing\n\n\n\n\n\n \n\n\nBREAKING: Nio announces $470 million investment in Nio China from strategic investors\n\n\n\n\nShare this post:XFacebookTelegramReddit\">RedditLinkedInPocketEmailWhatsAppPrintThreads","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":13,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}