NIO Inc. Announces Completion of At-The-Market Offering of American Depositary Shares
November 19 2021 - 5:20PM
NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer and a
leading company in the premium smart electric vehicle market, today
announced that it has completed its previously announced
at-the-market offering (the “At-The-Market Offering”) of American
depositary shares (“ADSs”), each representing one Class A ordinary
share of the Company. Through the At-The-Market Offering, the
Company has sold 53,292,401 ADSs and raised gross proceeds of US$2
billion, before deducting commissions paid to the distribution
agents of approximately US$26 million and certain offering
expenses. 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.
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. 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 smart
premium 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 navigate the evolving and complex regulatory
environment, including the various laws, regulations and regulatory
requirements regarding cybersecurity, privacy, data protection and
information security; 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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