NIO, a leading smart electric vehicle (EV) manufacturer, has officially entered the Middle East and North Africa (MENA) market through a groundbreaking partnership with Abu Dhabi-based CYVN Holdings, a leading investor in advanced mobility. The partnership was announced in the presence of UAE’s President His Highness Sheikh Mohamed bin Zayed Al Nahyan and his Egyptian counterpart President Abdel Fattah El-Sisi.
The launch of NIO MENA marks a significant step in the region’s push towards sustainable transportation. Supported by CYVN Holdings’ strategic investments, NIO will offer its cutting-edge electric vehicles and those of its subsidiary brands to the MENA region. The UAE has been selected as the initial market, with a focus on deploying advanced autonomous driving and battery-swapping technologies.
As part of this collaboration, NIO and CYVN Holdings plan to establish a state-of-the-art research and development (R&D) center in Abu Dhabi. This facility will concentrate on advancements in autonomous driving and artificial intelligence (AI), reinforcing NIO's global R&D capabilities and driving innovation within the region.
Additionally, the partnership includes plans to launch a new electric vehicle project, focusing on research, manufacturing, and future product development in Egypt, further solidifying Egypt’s role in EV manufacturing. This project represents a strategic move to foster sustainable mobility solutions and contribute to the region’s long-term environmental goals.
Jassem Mohamed Obaid Bu Ataba Alzaabi, Chairman of CYVN Holdings, expressed pride in supporting NIO’s leadership in the EV sector, emphasizing the partnership's role in advancing the smart mobility sector.
Meanwhile, William Li, Founder, Chairman, and CEO of NIO, highlighted the collaboration as a cornerstone of NIO's global expansion strategy, aiming to push technological boundaries and accelerate the adoption of smart electric vehicles in the MENA region.
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