NIO Inc. Announces Completion of Offering of 68,000,000 American Depositary Shares
December 16 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 68,000,000 American depositary shares
(the “ADSs”), each representing one Class A ordinary share of the
Company (the “ADS Offering”), at a price of US$39.00 per ADS. The
Company has granted the underwriters in the ADS Offering a 30-day
option to purchase up to an additional 10,200,000 ADSs. On December
16, 2020, the Company received the exercise notice from the
underwriters, pursuant to which the underwriters will exercise
their option to purchase the additional 10,200,000 ADSs in full.
The closing of the sale of the additional ADSs is scheduled on
December 17, 2020.
Morgan Stanley & Co. LLC and China
International Capital Corporation Hong Kong Securities Limited
acted as representatives for 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; and (2) China International Capital Corporation Hong
Kong Securities Limited, 29th Floor, One International Finance
Centre, 1 Harbour View Street, Central, Hong Kong.
The Company plans to use the net proceeds from
the ADS Offering and the sale of the additional ADSs mainly for (i)
research and development of new products and next generations of
autonomous driving technologies, (ii) sales and service network
expansion and market penetration and (iii) 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. NIO aims to build a community starting
with smart electric vehicles to share joy and grow together with
users. NIO designs, jointly manufactures, and sells smart 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 and convenient power solutions, innovative
Battery as a Service (BaaS) program, 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 deliveries of the ES6 in June 2019. NIO officially
launched the EC6, a 5-seater premium electric coupe SUV, in
December 2019 and began deliveries of the EC6 in September
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; the
viability, growth potential and prospects of the newly introduced
BaaS model; 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 and EC6;
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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