NIO Inc. Announces Proposed Equity Offering

Core Viewpoint - NIO Inc. announced a proposed equity offering of up to 181,818,190 Class A ordinary shares, which includes American depositary shares (ADSs) and ordinary shares, to fund various strategic initiatives [1][3]. Group 1: Equity Offering Details - The equity offering consists of an ADS offering and an ordinary share offering, with allocation based on investor interest [1]. - Underwriters will have a 30-day option to purchase an additional 27,272,729 ADSs, which will be settled solely in ADSs if exercised [2]. - The offering will be conducted under the company's shelf registration statement on Form F-3, which became effective on May 21, 2024 [5]. Group 2: Use of Proceeds - The net proceeds from the equity offering will be used for research and development of core technologies for smart electric vehicles, development of future technology platforms and vehicle models, expansion of the battery swapping and charging network, strengthening the balance sheet, and general corporate purposes [3]. Group 3: Underwriters - Morgan Stanley Asia Limited, UBS Securities LLC, UBS AG Hong Kong Branch, and Deutsche Bank AG Hong Kong Branch are acting as representatives for the underwriters for the equity offering [4]. Group 4: Company Overview - NIO Inc. is a leading company in the global smart electric vehicle market, founded in November 2014, with a mission to shape a sustainable future through innovative technology and exceptional user experience [8]. - The company offers premium smart electric vehicles under the NIO brand, family-oriented vehicles through the ONVO brand, and high-end electric cars with the FIREFLY brand [8].