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ifeng.com technology news on october 5, nio announced on weibo that nio signed a strategic cooperation agreement with the company's strategic investor cyvn and announced that it would establish an advanced technology r&d center in abu dhabi, united arab emirates. the two parties will also jointly develop a completely new model targeted at the local market. at the same time, nio announced that it will officially launch business in the middle east and north africa. this business operation will be carried out through nio middle east and north africa company, a joint venture jointly established by nio and cyvn.

the uae will become the first market for nio middle east and north africa. focusing on products, services and communities, nio will launch business in the uae throughout the fourth quarter of this year.

jassem mohamed obaid bu ataba alzaabi, chairman of cyvn, said: "we are pleased to support nio in leading the smart electric vehicle market. the two parties will continue to strengthen strategic cooperation and jointly promote changes 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 rich local resources and will help nio the business in the region has continued to grow. the cooperation between nio and cyvn will further promote the company’s globalization and technological innovation strategy, accelerate nio’s globalization process, and bring innovative smart electric vehicle technology and experience to users in the middle east and north africa.”

since 2021, weilai has entered the market of 5 european countries. as of the end of september 2024, 6 mass-produced models including el8 (es8 for the chinese market), et7, el7 (es7 for the chinese market), et5, et5t, and el6 (es6 for the chinese market) have entered the european market; nio has deployed 56 it has built 8 battery swap stations, accessed over 600,000 third-party charging piles, and built 8 nio centers, 10 nio spaces, and 45 nio service centers.