NIO Inc. Announces Pricing of US$1 Billion Equity Offering

Core Points - NIO Inc. announced a US$1 billion equity offering consisting of 181,818,190 Class A ordinary shares, including American depositary shares (ADSs) and ordinary shares [1][2] - The ADSs are priced at US$5.57 each, while the Class A ordinary shares are priced at HK$43.36 each [2] - The company plans to use the net proceeds for research and development of core technologies, future technology platforms, expanding its battery swapping and charging network, strengthening its balance sheet, and general corporate purposes [3] Offering Details - The ADS Offering is expected to close around September 11, 2025, and the Ordinary Share Offering around September 17, 2025, subject to customary closing conditions [2] - Underwriters have a 30-day option to purchase an additional 27,272,728 ADSs, which will be settled solely in ADSs if exercised [2][4] Company Background - 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 [8] - 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 [8]