NIO Inc. Appoints New Chief Financial Officer
November 17 2019 - 8:00PM
NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s
premium electric vehicle market, today announced that Mr. Wei Feng
is joining the Company as its new chief financial officer (CFO),
effective November 18, 2019.
William Li, NIO’s founder, chairman and chief
executive officer, said, “On behalf of the Board of Directors and
management team, I am excited to welcome Mr. Feng to NIO. His
financial and operational experience in the automotive-related
fields, together with an impressive track record in equity
research, makes him an excellent choice to lead our finance teams.
Particularly with his deep insight into the automotive industry, I
am confident Wei will be an invaluable asset to NIO as we continue
to execute toward our long-term vision.”
Mr. Feng brings to NIO nearly 15 years of
experience in the automotive industry. Prior to joining NIO, Mr.
Feng served as managing director and head of the auto and auto
parts research team at China International Capital Corporation
where he was recognized with multiple international distinctions,
including the best auto and auto parts analyst by both Asiamoney
and Institutional Investor’s All-China Research Team Poll, and the
No. 1 stock picker in the category of automobiles in Asia by
Thomson Reuters StarMine Analyst Awards. Prior to China
International Capital Corporation, Mr. Feng served as an equity
analyst at Everbright Securities Co. Ltd. from 2010 to 2013.
Mr. Feng’s career also includes more than 5 years’ working
experience within the ZF Group where he participated in numerous
corporate efforts. Mr. Feng received his bachelor’s degree in
Engineering from the Department of Automotive Engineering at
Tsinghua University, and his master’s degree in Automotive System
Engineering from RWTH Aachen University in Germany and Tsinghua
University in China jointly.
About NIO Inc.
NIO Inc. is a pioneer in China’s premium
electric vehicle market. Founded in November 2014, NIO’s
mission is to shape a joyful lifestyle by offering premium smart
electric vehicles and being the best user enterprise. NIO designs,
jointly manufactures, and sells smart and connected premium
electric vehicles, driving innovations in next generation
technologies in connectivity, autonomous driving and artificial
intelligence. Redefining the user experience, NIO provides users
with comprehensive, convenient and innovative charging solutions
and other user-centric services. NIO began deliveries of the ES8, a
7-seater high-performance 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 premium electric SUV, in December
2018 and began the first deliveries of the ES6 in June
2019.
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to”
and similar statements. Among other things, quotations from
management in this announcement, as well as NIO’s strategic and
operational plans, contain forward-looking statements. NIO may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange
Commission (the “SEC”), in its annual report to shareholders,
in press releases and other written materials and in oral
statements made by its officers, directors or employees to third
parties. Statements that are not historical facts, including
statements about NIO’s beliefs, plans and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: NIO’s strategies; NIO’s future business development,
financial condition and results of operations; NIO’s ability to
develop and manufacture a car of sufficient quality and appeal to
customers on schedule and on a large scale; its ability to grow
manufacturing in collaboration with partners; its ability to
provide convenient charging solutions to its customers; its ability
to satisfy the mandated safety standards relating to motor
vehicles; its ability to secure supply of raw materials or other
components used in its vehicles; its ability to secure sufficient
reservations and sales of the ES8 and ES6; its ability to control
costs associated with its operations; its ability to build the NIO
brand; general economic and business conditions globally and
in China and assumptions underlying or related to any of
the foregoing. Further information regarding these and other risks
is included in NIO’s filings with the SEC. All information
provided in this press release is as of the date of this press
release, and NIO does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
For more information, please
visit: http://ir.nio.com
For investor and media inquiries, please
contact: NIO Inc. Investor Relations Tel:
+86-21-6908-3681 Email: ir@nio.com
The Piacente Group, Inc. Brandi
Piacente Tel: +1-212-481-2050 Email: nio@tpg-ir.com
Ross Warner Tel: +86-10-6508-0677
Email: nio@tpg-ir.com
Source: NIO
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