Comment on Nio announces board change, 2 CYVN appointees join by Tommy
CN EV Post
FEBRUARY 6, 2024
CYVN's shares of Nio are class A ordinary shares with 1:1 voting rights, while Li holds class C shares with 1:8 super voting rights." Nio has a total 8 of board members and 1 of them has 1:8 voting rights. "Although CYVN became Nio's largest shareholder, the EV maker's controller remains its founder, chairman and CEO William Li.
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