CYVN, an investment vehicle based in Abu Dhabi, agreed to invest $2.2bn in Nio, a company in the premium smart electric vehicle market. "We are deeply inspired by CYVN’s vision to accelerate the global transition to a more sustainable future, and we appreciate its endorsement of NIO’s unique values. With the enhanced balance sheet, NIO is well prepared to sharpen brand positioning, bolster sales and service capabilities, and make long-term investment in core technologies to navigate the intensifying competitive landscape, while continually improving execution efficiency and system capabilities. We are confident that NIO will further solidify its leading position in the transformation of the automotive industry," William Bin Li, NIO Founder, Chairman and CEO.