At the end of February, Li's stake in Nio was 10.5 percent, with 44.2 percent of the voting rights. CYVN will hold a 20.1 percent stake in Nio after its latest investment.

(Screenshot from Nio's 2022 annual report.)

Nio's previous largest institutional shareholders were Tencent, with a 9.7 percent stake in the company and 5.9 percent voting rights, and Baillie Gifford & Co, with a 7.2 percent stake and 4.4 percent voting rights.

Nio's board of directors currently has seven members:

William Li, Qin Lihong, Denny Ting Bun Lee, James Gordon Mitchell, Long Yu and Wen Yonggang.

Li and Qin are the founders of Nio, and Mitchell is senior executive vice president and chief strategy officer of Tencent.

The other four are independent directors, Long was appointed in July 2021 and Wen was appointed just last month.

Nio secures new $2.2 billion investment from Abu Dhabi's CYVN