NIO Inc. Announces Proposed Offering of New Shares

Core Viewpoint - NIO Inc. plans to offer up to 118,793,300 Class A ordinary shares in an offshore equity placement to non-U.S. persons, aiming to strengthen its balance sheet and fund research and development in smart electric vehicle technologies [1][2]. Group 1: Equity Placement Details - The proposed equity placement is subject to market conditions and other factors [1]. - The shares will not be registered under the Securities Act or any state securities laws, and cannot be offered or sold in the United States or to U.S. persons [3]. - The placement is not an offer to sell or solicit any securities in jurisdictions where such actions would be unlawful [4]. Group 2: Use of Proceeds - The net proceeds from the equity placement will be utilized for research and development of smart electric vehicle technologies, new product development, and general corporate purposes [2]. Group 3: Company Overview - NIO Inc. is a leading company in the global smart electric vehicle market, founded in November 2014, with a mission to create a sustainable future [5]. - The company focuses on innovative technology and user experience, offering premium smart electric vehicles under the NIO brand and other brands like ONVO and FIREFLY [5].