Subscribe
China

Nio secures $2.2 billion investment from Abu Dhabi

Nio
The Nio stand at the Guangzhou Auto Show on Nov. 17, 2023. (BLOOMBERG)
LL
By:
LINDA LEW
B
By:
Bloomberg
|
December 18, 2023 02:01 PM

Nio Inc., the unprofitable Chinese electric-vehicle maker, has scored another cash injection from the Middle East after Abu Dhabi-backed fund CYVN Holdings said it will invest $2.2 billion.

Featured Stories

Stellantis loses key U.S. lawsuit against supplier in pricing dispute
Stellantis loses key U.S. lawsuit against supplier in pricing dispute
Carvana is testing new-vehicle sales in Arizona. Here are 3 things to know.
Carvana is testing new-vehicle sales in Arizona. Here are 3 things to know.
Why you should apply to be a Best Dealership To Work For
Why you should apply to be a Best Dealership To Work For
Why some automakers see tariffs as their biggest threat yet
Why some automakers see tariffs as their biggest threat yet

Latest News

Nova Scotia, Manitoba scrap EV rebates for Tesla
Stellantis offers buyouts, retirement incentives to workers in Detroit, Toledo, Illinois
Daily 5 report for March 21: Ford Super Duty illustrates super tariff risks; what happened to the auto industry’s diversity scorecard
Stellantis loses key U.S. lawsuit against supplier in pricing dispute
Staying current is easy with newsletters delivered straight to your inbox.

See More in China

Fewer than 40% of China’s car dealerships made money in 2024, trade group says
Exports shore up China’s pickup shipments to start 2025
EV battery maker Sunwoda to build plant in Thailand
Magna to build EVs for Xpeng, GAC in Austria with Chinese kits, report says
Staying current is easy with newsletters delivered straight to your inbox.