Chinese EV maker NIO pockets another $2.2b from Abu Dhabi Government-backed vehicle

Chinese EV maker NIO pockets another $2.2b from Abu Dhabi Government-backed vehicle

FILE PHOTO: A logo of the electric vehicle maker NIO is seen at its store in Beijing, China August 20, 2020. REUTERS/Tingshu Wang

Chinese EV maker NIO is set to raise another $2.2 billion from CYVN Holdings, an investment vehicle majority-owned by the Abu Dhabi Government, according to an exchange filing on Monday evening. 

Edited by: Padma Priya

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter