NIO to Enter MENA Region Through Joint Venture With CYVN Holdings

China's NIO has partnered with Abu Dhabi based CYVN Holdings, an investor in smart and advanced mobility, to launch NIO MENA. The collaboration marks NIO’s entry into the Middle East and North Africa (MENA) region, where it aims to introduce electric vehicle (EV) solutions to local users.

NIO MENA will introduce NIO's vehicle models, as well as those from its subsidiary brands to the MENA market.

In addition to market entry, NIO and CYVN Holdings plan to establish a research and development (R&D) centre in Abu Dhabi.

This facility will focus on autonomous driving and artificial intelligence advancements, reinforcing NIO’s global R&D capabilities and fostering technological innovation in the MENA region.

They also plan to collaborate on a new EV project, involving research, manufacturing, and future product launches.

This initiative will see NIO MENA working with local partners in Egypt, further advancing Egypt's role in the electric vehicle manufacturing landscape.

William Li, the Founder, Chairman, and CEO of NIO, says:“Our collaboration with CYVN Holdings is a cornerstone in our strategy to enhance global accessibility to smart electric vehicles and to push the boundaries of technological innovation. With CYVN’s support, NIO is poised to accelerate its international business scope and bring innovative EV technologies to users in the MENA region.”

His Excellency Jassem Mohamed Obaid Bu Ataba Alzaabi, Chairman of CYVN Holdings, adds: “We are proud to support NIO as it leads the way in the electric vehicle sector. This partnership is a testament to our mutual commitment to fostering the strength of our strategic collaborations and achieving transformative goals in the smart mobility sector.”

NIO has R&D and manufacturing facilities in Shanghai, Hefei, Beijing, Nanjing, Shenzhen, Hangzhou, San Jose, Munich, Oxford, Berlin, Budapest, and Singapore.