NIO snags $740M investment from Abu Dhabi government fund to expand international business

Electrek
By Scooter DollJun 20, 2023, 11:42 am127 pts
Chinese EV automaker NIO has confirmed that a holding firm backed by the Abu Dhabi government is investing close to $740 million dollars in exchange for new Class A shares in the company. As a new minority shareholder, NIO intends to jointly pursue new global business opportunities and accelerate growth in new…

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