NIO Inc. Announces Appointment of Independent Director
July 12 2021 - 5:05AM
NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer and a
leading manufacturer of premium smart electric vehicles in China,
today announced that Ms. Yu Long has been appointed as a new
independent director to the Company’s board of directors (the
“Board”), effective July 12, 2021. Ms. Long will also serve as a
member and the chairperson of the nominating and corporate
governance committee of the Board while Mr. William Bin Li, the
Company’s founder, chairman of the Board and chief executive
officer, will resign from the nominating and corporate governance
committee of the Board, effective immediately.
"We are delighted to welcome Ms. Long to the
Board of NIO. With her outstanding track record of investing in
technology and internet companies, coupled with extraordinary
insights in consumer products and global markets, Ms. Long brings
unique perspectives to the Board as we continue to commit to
technology development and holistic user experience," said William
Bin Li, "She shares our vision of building a user enterprise and we
have full confidence that Ms. Long will contribute significant
value to the Board. I’m looking forward to working with her to
achieve our mission of shaping a joyful lifestyle for our
users."
Ms. Long currently serves as the Founding and
Managing Partner of BAI Capital. She also serves as a member of
Bertelsmann Group Management Committee and the governor of China
Venture Capital and Private Equity Association Limited. Formerly,
Ms. Long was the chief executive officer of Bertelsmann China
Corporate Center and the managing partner of Bertelsmann Asia
Investments. Prior to that, she was a Principal at Bertelsmann
Digital Media Investments. She joined the international media,
services and education company via the Bertelsmann Entrepreneurs
Program in 2005. Ms. Long is a member of the World Economic Forum’s
Young Global Leaders Advisory Council and its Global Agenda Council
on the Future of Media, Entertainment & Information and is also
a member of the Stanford Graduate School of Business Advisory
Council. Ms. Long serves on the board of directors and as a member
of the audit committee of Tapestry Inc. (NYSE: TPR, its portfolio
includes Coach, Stuart Weitzman and Kate Spade) and LexinFintech
Holdings Ltd. (Nasdaq: LX), respectively. Ms. Long received a
bachelor’s degree in electrical engineering from University of
Electronic Science and Technology in China and an MBA from Stanford
Graduate School of Business.
About NIO Inc.
NIO Inc. is a pioneer and a leading manufacturer
of premium smart electric vehicles in China. Founded in November
2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to
build a community starting with smart electric vehicles to share
joy and grow together with users. NIO designs, develops, jointly
manufactures and sells premium smart electric vehicles, driving
innovations in next-generation technologies in autonomous driving,
digital technologies, electric powertrains and batteries. NIO
differentiates itself through its continuous technological
breakthroughs and innovations, such as its industry-leading battery
swapping technologies, Battery as a Service, or BaaS, as well as
its proprietary autonomous driving technologies and Autonomous
Driving as a Service, or ADaaS. NIO launched the ES8, a
seven-seater flagship premium smart electric SUV in December 2017,
and began deliveries of the ES8 in June 2018 and its variant, the
six-seater ES8, in March 2019. NIO launched the ES6, a five-seater
high-performance premium smart electric SUV, in December 2018, and
began deliveries of the ES6 in June 2019. NIO launched the EC6, a
five-seater premium smart electric coupe SUV, in December 2019, and
began deliveries of the EC6 in September 2020. NIO launched the
ET7, a flagship premium smart electric sedan, in January 2021.
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 U.S.
Securities and Exchange Commission, 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 ensure
and expand manufacturing capacities including establishing and
maintaining partnerships with third parties; its ability to provide
convenient and comprehensive power solutions to its customers; the
viability, growth potential and prospects of the newly introduced
BaaS and ADaaS; its ability to improve the technologies or develop
alternative technologies in meeting evolving market demand and
industry development; NIO’s 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,
ES6, EC6 and ET7; 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
Source: NIO
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