Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ NIO Inc. announces pricing of the offer of 88,500,000 US depositary shares

NIO Inc. announces pricing of the offer of 88,500,000 US depositary shares



; NIO “or” Company “), pioneer in premium intelligent electrical engineering in China vehicle market, today announced the offering pricing of 88,500,000 US Depositary Shares (“ADS”), each representing one ordinary Class A share of the Company (“ADS Offering”), at a price of USD 17.00 per ADS The company will provide insurers in ADS, offering a 30-day option to purchase an additional 13,275,000 ADS.

Morgan Stanley & Co. LLC, China International Capital Corporation Hong Kong Securities Limited and BofA Securities, Inc. act as insurers of ADS Offering.

ADS are offered in the Company’s shelf registration declaration on Form F-3 (“Form F-3”), which is submitted to the Securities and Exchange Commission (“SEC”) and automatically enters into force on 9 June 2020. Advertising offers shall be made only by supplementing the prospectus and the accompanying prospectus included in Form F-3. The F-3 form and the supplement to the prospectus are available on the SEC website at: http://www.sec.gov. Copies of the supplement to the prospectus and the accompanying prospectus may be obtained from (1) Morgan Stanley & Co. (2) China International Capital Corporation Hong Kong Securities Limited, 29th Floor, One International Financial Center, 1 Harbor View Street, Central, Hong Kong; and (3) BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte NC 28255-0001, Attn: Prospectus Division, email: dg.prospectus_requests@bofa.com.

The company plans to use the net proceeds from the offering of ADS, mainly to increase the company’s share capital and ownership in NIO China, to repurchase shares held by some minority shareholders of NIO China, as well as for research and development in the field. of technologies for autonomous management, global market development and common corporate goals.

This press release does not constitute an offer to sell or request an offer to purchase securities, nor a sale of securities in any country or jurisdiction in which such an offer, request or sale would be illegal.

This press release contains information on the forthcoming ADS offer and there can be no guarantee that the offer will be completed.

NIO Inc. is a pioneer in the premium market of intelligent electric vehicles in China. Founded in November 2014, NIO’s mission is to form a joyful lifestyle by offering first-class intelligent electric vehicles and being the best business for consumers. NIO designs, manufactures and sells intelligent and connected premium electric vehicles, driving innovation in next-generation technologies in connectivity, autonomous driving and artificial intelligence. By redefining the user experience, NIO provides users with complete, convenient and innovative charging solutions and other user-oriented services. NIO began shipping the ES8, a 7-seater flagship premium electric SUV in China in June 2018, and its variant, the 6-seater ES8, in March 2019. NIO officially launched the ES6, a 5-seater high-performance electric premium SUV, in December 2018. and began the first deliveries of the ES6 in June 2019. NIO officially launched the EC6, a 5-seater premium electric coupe SUV, in December 2019 and plans to begin deliveries in 2020.

This press release contains statements that may constitute “forward-looking” statements under the “safe harbor” provisions of the U.S. Private Securities Reform Act of 1995. These forward-looking statements may be identified in terminology as ” will “,” expects “,” predicts “,” goals “,” future “,” intends “,” plans “,” believes “,” predicts “,” probably “and similar statements. A NIO may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its employees, directors or employees to third parties. Statements that are not historical facts, including statements of NIO beliefs, plans, and expectations, are forward-looking statements. Forecast statements include inherent risks and uncertainties. A number of factors can lead to significant differences in actual results from those contained in any future statement, including, but not limited to, the following: NIO strategies; The future business development of NIO, the financial condition and the results of the activity; The ability of NIO to develop and manufacture a car of sufficient quality and to please customers on schedule and on a large scale; its ability to develop production in cooperation with partners; its ability to provide convenient charging solutions to its customers; its ability to meet the mandatory safety standards relating to motor vehicles; its ability to provide a supply of raw materials or other components used in its vehicles; its ability to secure sufficient bookings and sales of ES8 and ES6; its ability to control the costs associated with its operations; his ability to build the NIO brand; general economic and business conditions worldwide and in China and assumptions that underlie or are related to any of the above. Additional information on these and other risks is included in the NIO declarations to the SEC. All information provided in this press release is as of the date of this press release and the NIO undertakes no obligation to update the forward-looking statement, except as required by applicable law.

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