On October 4, NIO and CYVN, the company’s strategic investor, signed a strategic cooperation agreement, announcing that they will establish an advanced technology research and development center in Abu Dhabi, United Arab Emirates, focusing on the research and development of intelligent driving and artificial intelligence technologies, further expanding NIO’s global R & D layout, and assisting technological innovation in the Middle East and North Africa region.
NIO and CYVN will also jointly develop a new model for the local market to better serve the growing demand for smart electric vehicles from local users.
, at the same time, NIO announced that it will officially start business in the Middle East and North Africa region.
This business operation will be carried out through NIO Middle East and North Africa Company, a joint venture jointly established by NIO and CYVN, to provide services to local users and support the region’s sustainable development vision.
United Arab Emirates will become the first market for NIO Middle East and North Africa companies.
Focusing on products, services and communities, NIO will conduct full-system operations in United Arab Emirates in the fourth quarter of this year.
, CYVN Chairman Jassem Mohamed Obaid Bu Ataba Alzaabi said: “We are very pleased to support NIO in leading the smart electric vehicle market.
The two sides will continue to strengthen strategic cooperation and jointly promote transformation in the field of smart travel.
” Li Bin, founder, chairman and CEO of NIO, said: “We are optimistic about the development prospects of smart electric vehicles in the Middle East and North Africa market.
As an important strategic investor and partner of NIO, CYVN has abundant local resources, which will help NIO’s business continue to grow in the region.
The cooperation between NIO and CYVN will further promote the company’s globalization and technological innovation strategy, accelerate the globalization process of NIO, and bring innovative smart electric vehicle technology and experience to users in the Middle East and North Africa.
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,, since 2021, NIO’s global business has made great progress.
Focusing on products, services and communities, NIO has entered the markets of five European countries throughout its system.
As of the end of September 2024, EL8 (China market ES8 (Parameter| Inquiry)), ET7, EL7 (ES7 in China market), ET5, ET5T, and EL6 (ES6 in China market) have entered the European market.
NIO has deployed 56 power exchange stations in Europe, connected more than 600,000 third-party charging piles, and built 8 NIO centers, 10 NIO spaces, and 45 NIO service centers.
The signing of the strategic cooperation agreement between NIO and CYVN and the establishment of the Middle East and North Africa company are another important node in NIO’s global layout.
(Compiled/Car Home Zhouyi), return to the home page of First Electric Network>,.
