NIO Inc. Announces Proposed Offering of 60,000,000 American Depositary Shares
June 09 2020 - 5:35PM
NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer in China’s
premium smart electric vehicle market, today announced the
commencement of the offering of 60,000,000 American depositary
shares (the “ADSs”), each representing one Class A ordinary share
of the Company (the “ADS Offering”). The Company intends to grant
the underwriters in the ADS Offering a 30-day option to purchase up
to an additional 9,000,000 ADSs.
Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC
and China International Capital Corporation Hong Kong Securities
Limited are acting as the joint book-running managers for the ADS
Offering.
The ADSs will be offered under the Company’s shelf registration
statement on Form F-3 which was filed with the Securities and
Exchange Commission (the “SEC”) and automatically became effective
on June 9, 2020. A preliminary prospectus supplement related to the
proposed ADS Offering has been filed with the SEC. The registration
statement on Form F-3 and the preliminary prospectus supplement are
available at the SEC website at: http://www.sec.gov. Copies of the
preliminary prospectus supplement and the accompanying prospectus
may be obtained from (1) Morgan Stanley & Co. LLC, Prospectus
Department, 2nd Floor, 180 Varick Street, New York, NY 10014,
United States of America, Attention: Prospectus Department; (2)
Credit Suisse Securities (USA) LLC, 11 Madison Avenue, New York, NY
10010-3629, United States of America, Attention: Prospectus
Department; and (3) China International Capital Corporation Hong
Kong Securities Limited, 29th Floor, One International Finance
Centre, 1 Harbour View Street, Central, Hong Kong.
The Company plans to use the net proceeds from the ADS Offering
mainly to fund its cash investments in NIO China, as well as other
working capital needs. We expect NIO China will use the cash
investments for research and development of products, services and
technology, development of our manufacturing facilities and
roll-out of our supply chain, operation and development of our
sales and service network and general business support purpose.
This press release shall not constitute an offer to sell or a
solicitation of an offer to purchase any securities, nor shall
there be a sale of the securities in any state or jurisdiction in
which such an offer, solicitation or sale would
be unlawful.
This press release contains information about the pending
offering of the ADSs, and there can be no assurance that the
offering will be completed.
About NIO Inc.
NIO Inc. is a pioneer in China’s premium smart 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 six-seater
ES8, in March 2019. NIO officially launched the ES6, a 5-seater
high-performance premium electric SUV, in December 2018 and began
deliveries in June 2019. NIO officially launched the EC6, a
5-seater smart premium electric Coupe SUV, in December 2019 and
plans to commence deliveries in 2020.
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. 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 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: +86-21-6908-2018 Email:
ir@nio.com
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