Ge Long Hui A P P·2025-09-17 10:00Core Viewpoint - NIO Inc. has completed a $1.16 billion equity issuance to strengthen its financial position and invest in core technologies for smart electric vehicles [1] Group 1: Equity Issuance Details - The company issued 161 million American Depositary Shares (ADS), with each ADS representing one Class A ordinary share [1] - Additionally, 20.995 million Class A ordinary shares were issued, along with 27.2727 million ADS from the underwriters' option exercised on September 10, 2025 [1] - The ADS were sold at a public offering price of $5.57 per ADS, while the Class A ordinary shares were sold at a price of HKD 43.36 per share [1] Group 2: Use of Proceeds - The net proceeds from the issuance will be used for research and development of core technologies in smart electric vehicles [1] - Funds will also be allocated for developing future technology platforms and models under the company's brand [1] - The company plans to expand its battery swapping network and further strengthen its balance sheet, along with general corporate purposes [1]