Li Bin responded: Although he is no longer the largest shareholder of Weilai, he still holds the largest voting rights.

Weilai announced that it has received a strategic investment of approximately US$2.2 billion from Abu Dhabi Investment Institutions, and there are reports that Weilai founder, chairman, and CEO Li Bin is no longer a major shareholder

Li Bin responded: , these media homework has not been done enough. First, when I went public, I transferred 50 million shares to user trust, and now the equity list has not been reduced, which means that I have not been the largest shareholder in the economic sense for a long time. ##;Secondly, because of the super voting rights, 's own voting rights still remain the largest, and there is little change at the shareholder voting level.

Weilai officially issued an announcement on December 18, announcing that it has cooperated with Abu Dhabi-based CYVN Holdings signed an equity subscription agreement. According to the agreement, CYVN Holdings will invest US$2.2 billion in cash through its affiliated company CYVN to subscribe for 294 million newly issued Class A ordinary shares of NIO. After the transaction is completed, CYVN will hold approximately 20.1% of the total issued shares of NIO.

According to relevant statistics, before CYVN’s latest transaction, NIO’s largest shareholder in Q3 2023 held 9.30% Li Bin (William Li) shares (165 million shares), while Abu Dhabi (UAE), Tencent Holdings, Birkey Investments and BlackRock respectively occupy four positions among the top five shareholders

CYVN Holdings is An investment institution headquartered in Abu Dhabi, it focuses on strategic investment and layout in the advanced, intelligent and sustainable mobility field. Abu Dhabi is the capital of the United Arab Emirates and the capital of the Emirate of Abu Dhabi.

This site noticed that this is the second time CYVN has invested in Weilai this year. In July this year, CYVN became a shareholder of Weilai Automobile and completed a strategic investment of approximately US$1.1 billion in Weilai through the private issuance of new shares and the transfer of old shares

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