NIO Inc. Announces Pricing of Upsized HK$4,030 Million Offering of New Shares

Core Viewpoint - NIO Inc. has announced the pricing of an upsized offering of HK$4,030.13 million for 136,800,000 class A ordinary shares at HK$29.46 per share, aimed at enhancing its research and development capabilities in the smart electric vehicle sector [1][2]. Group 1: Offering Details - The offering consists of 136,800,000 class A ordinary shares priced at HK$29.46 each, totaling HK$4,030.13 million [1]. - The shares are being offered to non-U.S. persons in offshore transactions under Regulation S of the Securities Act [1]. - The expected closing date for the equity placement is around April 7, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the equity placement will be utilized for research and development of smart electric vehicle technologies and new products, as well as for strengthening the balance sheet 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 family-oriented and high-end electric vehicle brands [5].