NIO Inc. Announces Completion of US$1.16 Billion Equity Offering and Full Exercise of Underwriters' Option to Purchase Additional ADSs

Core Viewpoint - NIO Inc. has successfully completed a US$1.16 billion equity offering, which includes the sale of 209,090,918 Class A ordinary shares, aimed at enhancing its position in the smart electric vehicle market and funding various strategic initiatives [1][3]. Equity Offering Details - The equity offering consists of 160,823,190 American depositary shares (ADSs), 20,995,000 Class A ordinary shares, and 27,272,728 ADSs from the underwriters' option [1]. - The ADSs were sold at a public offering price of US$5.57 each, while the Class A ordinary shares were priced at HK$43.36 each [2]. Use of Proceeds - The net proceeds from the equity offering will be allocated to 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]. Underwriters - The equity offering was underwritten by Morgan Stanley Asia Limited, UBS Securities LLC, UBS AG Hong Kong Branch, and Deutsche Bank AG, Hong Kong Branch [4]. Company Overview - NIO Inc. is a leading player in the global smart electric vehicle market, founded in November 2014, with a mission to create a sustainable future through innovative technology and exceptional user experiences [7].