Report of Foreign Issuer (6-k)
June 27 2019 - 4:02PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2019
Commission File Number: 001-38638
NIO Inc.
(Registrant’s Name)
Building 20, 56 Antuo Road
Jiading District, Shanghai 201804
People’s Republic of China
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will
file annual reports under cover Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
¨
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
¨
NIO Announces Voluntary Recall of 4,803
ES8s for Battery Safety Concerns
Recently, NIO ES8 battery safety incidents occurred in Shanghai
and other locations in China.
Immediately following the incident in Shanghai, NIO Inc. (“NIO”
or the “Company”) quickly formed a team of industry experts, the provider of the ES8’s battery modules, and other
relevant parties to conduct a joint investigation. After detailed analysis and repeated testing, the investigation concluded that
the battery packs used in the vehicles involved were equipped with a module specification NEV-P50, and the voltage sampling cable
harness in the module may be pressed by the upper cover of the module due to improper positioning. In extreme cases, the insulation
on the pressed voltage sampling cable harness may wear out and cause a short circuit, creating a safety issue. Other ES8 vehicles
that have encountered similar safety incidents are equipped with the same battery pack.
NIO has provided a recall plan to the State Administration for
Market Regulation (SAMR) in accordance with the requirements laid out by
The Regulation on the Administration of Recall of Defective
Auto Products
and
Measures for the Implementation of the Regulation on the Administration of the Recall of Defective Auto
Products
, and this plan has been approved.
Effective immediately, models produced between April 02, 2018
and October 19, 2018 equipped with the NEV-P50 module will be recalled, amounting to a total of 4,803 vehicles. NIO will replace
battery packs equipped with the NEV-P50 modules with battery packs equipped with the NEV-P102 modules in order to mitigate the
aforementioned safety issue. At the same time, all batteries in the NIO battery swap network equipped with the NEV-P50 modules
will be replaced. The battery replacement is targeted to be completed within two months.
70kWh battery packs in vehicles produced after October 20, 2018
are equipped with the NEV-P102 modules and have different internal structural designs. These packs do not present the aforementioned
risk.
NIO undertakes to compensate all users who have incurred property
losses as a result of incidents caused by battery quality issues, in accordance with relevant laws.
NIO would like to sincerely apologize to our users and the public
for the trouble caused by the battery safety incidents. As a user enterprise, NIO takes all quality issues seriously and will always
act with honesty and transparency. The Company also would like to express its gratitude to all those who have followed and supported
NIO during these incidents.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
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NIO Inc.
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By
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/s/ Louis T. Hsieh
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Name
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Louis T. Hsieh
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Title
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Chief Financial Officer
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Date: June 27, 2019
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