<div id="readability-page-1"><blockquote><ul><li>A filing with the US SEC earlier this month showed L'imad holds a 17.9% stake in Nio.</li><li>CYVN Holdings LLC has been transferred to L'imad, whose board chairman is the Crown Prince of Abu Dhabi.</li></ul></blockquote><figure id="attachment_135683"><img src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/01/2026012211500513.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1600" height="1017" original-src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/01/2026012211500513.jpg"/><figcaption id="caption-attachment-135683">(Nio and CYVN signed a strategic cooperation agreement on October 4, 2024. Image credit: Nio)</figcaption></figure><p>Abu Dhabi has consolidated its holdings in Nio Inc (NYSE: NIO, HKG: 9866) and the owner of McLaren Automotive into the state-owned L'imad Holding, Bloomberg reported on Wednesday, adding that this signals a broad remit for the emirate's newest investment vehicle.</p><p>CYVN Holdings, a government-owned investment firm focused on mobility, has been transferred to L'imad to bolster its capabilities and streamline management by centralizing some Abu Dhabi investments, the report cited people familiar with the matter as saying.</p><p>A McLaren spokesperson confirmed the company will ultimately be controlled by L'imad but said CYVN remains its direct parent company, according to the report. A Nio spokesperson declined to comment.</p>    <div>        <p><span>Join us on </span>            Telegram            <span> or </span>            Google News        </p>    </div><p>A January 14 filing with the US Securities and Exchange Commission showed L'imad holds a 17.9% stake in Nio.</p><p>L'imad wholly owns CYVN Investments, which is in turn wholly owned by the Abu Dhabi government through the Abu Dhabi Ministry of Finance, according to the filing.</p><p>The new fund's board members include UAE royal family and government officials, with Sheikh Khaled bin Mohamed bin Zayed Al Nahyan — Abu Dhabi Crown Prince and one of the UAE's de facto rulers — serving as chairman.</p><p>CYVN completed two investments in Nio during 2023, totaling $1.1 billion and $2.2 billion respectively, becoming the Chinese electric vehicle (EV) maker's largest shareholder.</p><p>In October 2024, Nio signed an agreement with CYVN to establish Nio MENA, marking its entry into the Middle East and North Africa (MENA) market.</p><p>Last February, Nio opened its first battery swap station in Abu Dhabi at Yas Marina Circuit, Yas Leisure Drive, Yas Island, Abu Dhabi — also its inaugural site in the MENA region.</p><p>In April 2025, CYVN completed its acquisition of McLaren's automotive business and part of its motorsport operations, becoming a significant shareholder in McLaren.</p><p>Nio founder, chairman, and CEO William Li mentioned last September that the company had a partnership with McLaren and received technical service revenue from it.</p>    <div>        <div>            <p><img width="768" height="459" src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2025/06/2025060610364484-768x459.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2025/06/2025060610364484-768x459.jpg"/>                            </p>        </div>        <div>            <p>Nio to supply batteries to McLaren, report says</p>            <p>The battery pack will be based on Nio's in-house developed 4680 large cylindrical battery cells, with small-scale production expected to begin next year.</p>                    </div>    </div>                                                                                    </div>

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<p>Abu Dhabi has merged CYVN Holdings' stake in Nio into a new state-owned fund called L'imad, which now holds a 17.9% stake in Nio. This consolidation aims to streamline management and enhance investment capabilities. L'imad, chaired by the Crown Prince of Abu Dhabi, will also control McLaren Automotive. CYVN has invested significantly in Nio, becoming its largest shareholder, and has established a partnership to enter the MENA market. Nio has also opened its first battery swap station in Abu Dhabi and plans to supply batteries to McLaren.</p>

- A recent SEC filing reveals that L'imad holds a 17.9% stake in Nio, consolidating Abu Dhabi's investments in Nio Inc and McLaren Automotive into L'imad Holding.  
- CYVN Holdings, focused on mobility and previously part of the Abu Dhabi government, has been transferred to L'imad to enhance management efficiency and centralize investments.  
- Nio has also established Nio MENA for market entry in the Middle East, while CYVN completed substantial investments in Nio and acquired McLaren's automotive operations.

Abu Dhabi merges CYVN's stake in Nio into new state-owned fund L'imad