Xin Lang Cai Jing·2025-09-17 09:44Core Viewpoint - NIO has completed a $1.16 billion issuance of a total of 209,090,918 shares of Class A common stock, which includes American Depositary Shares (ADS) and common stock [1] Group 1: Issuance Details - The issuance includes 160,823,190 ADS, each representing one share of Class A common stock [1] - Additionally, 20,995,000 shares of Class A common stock were issued [1] - The underwriters exercised an option to purchase an additional 27,272,728 ADS, which is set to expire on September 10, 2025 [1] Group 2: Use of Proceeds - The net proceeds from the equity issuance are planned to be used for investment in core technology research and development for smart electric vehicles [1] - Funds will also be allocated for the development of future technology platforms and models under the company's brand [1] - The company aims to expand its charging and battery swap network, strengthen its balance sheet, and cover general corporate purposes [1]