NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer and a
leading company in the premium smart electric vehicle market in
China, today announced that it has filed a prospectus supplement to
sell up to an aggregate of US$2,000,000,000 of its American
depositary shares (“ADSs”), each representing one Class A ordinary
share of the Company, through an at-the-market equity offering
program (the “At-The-Market Offering”).
The ADSs will be offered through Credit Suisse
Securities (USA) LLC, Morgan Stanley & Co. LLC, Goldman Sachs
(Asia) L.L.C., China International Capital Corporation Hong Kong
Securities Limited, Nomura Securities International, Inc. and
Guotai Junan Securities (Hong Kong) Limited as sales agents. Some
of the sales agents are expected to make offers and sales both
inside and outside the United States through their respective
selling agents.
The Company has entered into an equity
distribution agreement with the sales agents relating to the
At-The-Market Offering. Sales, if any, of the ADSs under the
At-The-Market Offering will be made from time to time, at the
Company’s discretion, by means of ordinary broker transactions on
or through the New York Stock Exchange (the “NYSE”) or other
markets for its ADSs, sales made to or through a market maker other
than on an exchange, or otherwise in negotiated transactions, or as
otherwise agreed with the sales agents. Sales may be made at market
prices prevailing at the time of sale or at negotiated prices. As a
result, sales prices may vary.
The Company currently plans to use the net
proceeds from the At-The-Market Offering to further strengthen its
balance sheet, as well as for general corporate purposes.
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 prospectus supplement related
to the At-The-Market Offering has been filed with the SEC.
Investors are advised to read the registration statement on Form
F-3 and the prospectus supplement and other documents the Company
has filed with the SEC for more complete information about the
Company and the At-The-Market Offering. The registration statement
on Form F-3 and the prospectus supplement are available at the SEC
website at: http://www.sec.gov. Copies of the prospectus supplement
and the accompanying prospectus may be obtained from (1) Credit
Suisse Securities (USA) LLC, 11 Madison Avenue, New York, NY 10010,
United States of America, Attention: Prospectus Department; (2)
Morgan Stanley & Co. LLC, Prospectus Department, 2nd Floor, 180
Varick Street, New York, NY 10014, United States of America,
Attention: Prospectus Department; (3) Goldman Sachs & Co. LLC,
200 West Street, New York, NY 10282, Attention: Prospectus
Department; (4) China International Capital Corporation Hong Kong
Securities Limited, 29th Floor, One International Finance Centre, 1
Harbour View Street, Central, Hong Kong; (5) Nomura Securities
International, Inc., 309 West 49th Street, New York, NY 10019,
U.S.A., Attention: US Equity Syndicate; and (6) Guotai Junan
Securities (Hong Kong) Limited, 27th Floor, Low Block Grand
Millennium Plaza, 181 Queen’s Road Central, Hong Kong.
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.
About NIO Inc.
NIO Inc. is a pioneer and a leading company in
the premium smart electric vehicle market 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 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 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
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