NIO Announces Entry into Framework Agreement with Hefei Municipal Government
February 25 2020 - 7:00AM
NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s
premium electric vehicle market, today announced that it entered
into a collaboration framework agreement with the municipal
government of Hefei, Anhui province, where the Company’s main
manufacturing hub is located. The framework agreement is
preliminary in nature, and its implementation will be subject to
legally binding definitive transaction documents to be discussed
and entered into between Hefei government and NIO. Under the
framework agreement, Hefei government expects to provide resources
and funding support for the long-term growth of NIO in Hefei, and
NIO plans to establish NIO China headquarters, further expand its
operations and deepen its relationship with local ecosystem
partners in Hefei. NIO will, consistent with applicable laws and
listing rules, announce any material information or development
promptly in connection with the implementation of this framework
agreement.
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. 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. Among other things, the business outlook
and 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, 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. 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 RelationsTel:
+86-21-6908-3681Email: ir@nio.com
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