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Nio garners $2.2 billion investment from UAE fund

Teslarati

DECEMBER 18, 2023

Chinese electric vehicle (EV) manufacturer Nio has garnered a $2.2 billion investment from a firm backed by the United Arab Emirates, as it continues to push to introduce its EVs in additional markets. Nio buys 12% stake in lithium mining company What are your thoughts?

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UAE United Arab Emirates United Kingdom Financing 104
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Gulf oil giants Saudi Aramco, Adnoc set sights on lithium – ET Auto

Baua Electric

MARCH 8, 2024

China is the biggest processor and consumer of lithium, needed for electric and hybrid vehicles. China is the biggest processor and consumer of lithium, needed for electric and hybrid vehicles. Concentration and price collapse For now, global economic weakness has depressed buying of new vehicles and led lithium prices to dive.

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Saudi Arabia Oil United Arab Emirates Auto 52
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