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The investment from Abu Dhabi-backed CYVN Holdings will help NIO to fuel business growth and expand international ventures
NIO Secures $738.5 Million Investment from Abu Dhabi Government-Owned CYVN Holdings
Nio will build 400 battery-swapping stations along highways and 600 in urban areas with a focus on the country's third- and fourth-tier cities and counties
EV Maker Nio To Build 1,000 Battery-Swap Stations In China In 2023
The Chinese company is also planning a factory in the neighbouring city of Chuzhou to make budget EVs to sell to Europe.
EV Maker Nio Plans New 40 GWh Battery Plant In China - Report
The plan to broaden the company's lineup and expand overseas sales comes as EV sales sharply weaken in China, the world's largest auto market, following an end in state subsidies for EV purchases.
Nio To Build Factory In China For Budget EVs: Report
Nio will install swapping stations at 20 charging parks in Germany.
Nio To Install 20 Battery-Swapping Stations In EnBW Charging Parks
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