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netcom news recently, nio signed a strategic cooperation agreement with the company's strategic investor cyvn, announcing that it will establish an advanced technology r&d center in abu dhabi, uae, to focus on the research and development of intelligent driving and artificial intelligence technology, further expand nio's global r&d layout, and help the middle east and north africa region. technological innovation.

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. nio also announced that it will officially launch operations in the middle east and north africa. this business operation will be carried out through nio middle east and north africa, a joint venture jointly established by nio and cyvn, to provide services to local users and contribute to the sustainable development vision of the region.

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.”

(photo/zou yuyuan from textnet news agency)