Link: https://links.sgx.com/1.0.0/corporate-announcements/50XIH8KK9FWUE2CW/6ac687a952b1bdb02d1bb573ff17392ebfbfafdd7a0bc332d73bd3f684c18185

Summary:

• NIO Inc. launches a proposed equity offering of up to 181,818,190 Class A ordinary shares, including both ADSs (American depositary shares) and ordinary shares.

• The offering allows underwriters an option to purchase up to an additional 27,272,729 ADSs within 30 days.

• Proceeds will fund R&D for smart electric vehicle core technologies, new technology platforms and models, expansion of battery swapping and charging networks, balance sheet strengthening, and general corporate purposes.

• Major underwriters include Morgan Stanley Asia Limited, UBS, and Deutsche Bank Hong Kong Branch.

• The shares will be offered via NIO’s shelf registration filed with the SEC.

• Completion of the offering is not assured; forward-looking statements highlight risks and uncertainties in business operations and market conditions.

• NIO continues to expand its position as a leading global smart electric vehicle company with its NIO, ONVO, and FIREFLY brands.links.sgx