Abu Dhabi pours $738.5M into China’s Tesla challenger Nio

China’s electric vehicle companies are pouring into the Middle East where both investors and consumers have a growing appetite for the country’s Tesla challengers. Shanghai-based Nio announced Tuesday that CYVN Holdings, a smart mobility-focused investment vehicle majority owned by the Abu Dhabi government, will invest a total of $738.5 million in the Chinese EV maker. […]

Abu Dhabi pours $738.5M into China’s Tesla challenger Nio by Rita Liao originally published on TechCrunch

abu dhabi challenger china companies consumers country east electric government investment investors mobility shanghai smart tesla transportation uae