![A Nio ET5 displayed at Central China International Auto Show in Wuhan. Getty](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/VGOSD7LMB435TZHO3TSCS6PP3M.jpg?smart=true&auth=29a24c73e5d4d34ad0ca24c6d6d6b4462cd070912a957607ac0c1f8a95f71976&width=400&height=225)
A Nio ET5 displayed at Central China International Auto Show in Wuhan. Getty
A Nio ET5 displayed at Central China International Auto Show in Wuhan. Getty
Abu Dhabi's CYVN Holdings takes 7% stake in Chinese EV start-up Nio for $739m
UAE company will gain a board seat following the acquisition