NIO Inc. Announces Management Change
October 28 2019 - 6:00AM
NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s
premium electric vehicle market, today announced that Mr. Louis T.
Hsieh has tendered his resignation as chief financial officer of
the Company for personal reasons, effective October 30, 2019.
The Company has commenced the search for Mr. Hsieh’s replacement
and is committed to moving quickly to fill the role.William Li,
NIO’s founder, chairman and chief executive officer said, “On
behalf of the Board of Directors and management team, I want to
thank Louis for his contributions to NIO and wish him all of the
best in his future endeavors.”
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.
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 (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 our 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 our vehicles; its ability to secure sufficient
reservations and sales of the ES8 and ES6; its ability to control
costs associated with our operations; its ability to build our 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.comFor investor and media inquiries,
please contact: NIO Inc. Investor Relations Tel:
+86-21-6908-3681 Email: ir@nio.comThe Piacente Group,
Inc. Brandi Piacente Tel: +1-212-481-2050
Email: nio@tpg-ir.comRoss Warner Tel: +86-10-6508-0677
Email: nio@tpg-ir.comSource: NIO
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