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As to a SV hookup or involvement, more than possible.
Also, with regards to the production facility, I had the same thought. I've attended a talk with the man himself and seen enough videos to know he's all about the 'family' element of working for CK, effusing that the company will always look out for the workers.
I find it hard to believe they'd drop production and lay off all (or most) individuals purely because Cielo 'doesn't fit into their plans'.
xDOMx
They have been posting a lot of Speedvagens on their IG feed recently.
Possibly some form of partnership/investment with Vanilla/Speedvagen on the horizon? Speedvagen already work closely with enve to produce the Vanilla branded carbon ISP toppers used on Speedvagens, and are only available on Vanilla/Speedvagen bikes.
CK have a substantial frame production facility, and I would imagine a decent amount of staff dedicated to building Cielos, and I can't see them just stopping frame production all together. What happens with all the staff/production facility?
I think they will continue to produce frames in some form, just not Cielos.