NIO Inc. Announces Completion of Offering of American Depositary Shares
September 02 2020 - 4:00PM
NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer in China’s
premium smart electric vehicle market, today announced the
completion of the offering of 101,775,000 American depositary
shares (the “ADSs”), each representing one Class A ordinary share
of the Company, which included the exercise in full by the
underwriters of their option to purchase up to an additional
13,275,000 ADSs (the “ADS Offering”), at a price of US$17.00 per
ADS.
Morgan Stanley & Co. LLC, China
International Capital Corporation Hong Kong Securities Limited and
BofA Securities, Inc. acted as the underwriters for the ADS
Offering.
The ADSs have been offered under the Company’s
shelf registration statement on Form F-3 (the “Form F-3”) which was
filed with the Securities and Exchange Commission (the “SEC”) and
automatically became effective on June 9, 2020. The ADS Offering
has been made only by means of a prospectus supplement and an
accompanying prospectus included in the Form F-3. The 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) Morgan Stanley
& Co. LLC, Prospectus Department, 2nd Floor, 180 Varick Street,
New York, NY 10014, United States of America, Attention: Prospectus
Department; (2) China International Capital Corporation Hong Kong
Securities Limited, 29th Floor, One International Finance Centre, 1
Harbour View Street, Central, Hong Kong; and (3) BofA Securities,
NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC
28255-0001, Attn: Prospectus Department, Email:
dg.prospectus_requests@bofa.com.
The Company plans to use the net proceeds from
the ADS Offering mainly to increase the share capital of and the
Company’s ownership in NIO China, to repurchase equity interests
held by certain minority shareholders of NIO China, and for
research and development in autonomous driving technologies, global
market development and general corporate purposes.
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 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 flagship 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 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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