{"id":585969,"date":"2023-06-21T11:40:32","date_gmt":"2023-06-21T06:10:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=585969"},"modified":"2023-06-21T13:11:44","modified_gmt":"2023-06-21T07:41:44","slug":"chinas-nio-to-get-near-740-mn-investment-from-abu-dhabi-backed-firm","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/chinas-nio-to-get-near-740-mn-investment-from-abu-dhabi-backed-firm\/","title":{"rendered":"China&#8217;s Nio to get near $740 mn investment from Abu Dhabi-backed firm"},"content":{"rendered":"<p>CYVN Holdings, a firm backed by the Abu Dhabi government, will invest about $738.5 million in Nio Inc, the Chinese electric vehicle maker said on Tuesday, as it looks to bolster the company&#8217;s balance sheet.<\/p>\n<p>Nio and peers Xpeng and Li Auto are among those competing to grab a larger EV market share in the world&#8217;s largest automotive market dominated by BYD.<\/p>\n<p>Under the deal, Nio will issue about 85 million new Class A shares at $8.72 per share to CYVN Holdings.<\/p>\n<p>The news sent Nio&#8217;s US-listed shares down about 1 per cent at $9.30.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CYVN Holdings, a firm backed by the Abu Dhabi government, will invest about $738.5 million in Nio Inc, the Chinese electric vehicle maker said on Tuesday, as it looks to bolster the company&#8217;s balance sheet. Nio and peers Xpeng and Li Auto are among those competing to grab a larger EV market share in the world&#8217;s largest automotive market dominated by BYD. Under the deal, Nio will issue about 85 million new Class A shares at $8.72 per share to CYVN Holdings. The news sent Nio&#8217;s US-listed shares down about 1 per cent at $9.30.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,234],"tags":[],"class_list":["post-585969","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/585969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=585969"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/585969\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=585969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=585969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=585969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}