NIO Inc. Announces Appointment of Independent Director
November 13 2023 - 4:30AM
NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the
“Company”), a pioneer and a leading company in the premium smart
electric vehicle market, today announced that Professor Yonggang
Wen has been appointed as a new independent director to the
Company’s board of directors (the “Board”), effective November 13,
2023.
“We are delighted to welcome Professor Wen to
the Board of NIO. With his outstanding academic background,
combined with his expertise in cloud computing and computational
sustainability, and passion for innovative technologies, Professor
Wen brings unique perspectives to the Board,” said William Bin Li,
chairman of the Board of Directors and chief executive officer of
the Company. “We believe that Professor Wen will be an important
asset as we continue to innovate and build our proprietary software
and hardware technological capabilities. I’m looking forward to
working with him to achieve our mission of shaping a joyful
lifestyle for our users.”
Professor Yonggang Wen currently serves as a
Full Professor and Chair of the School of Computer Science and
Engineering at Nanyang Technological University, Singapore. He is a
Fellow of the Institute of Electrical and Electronics Engineers
(IEEE, the world’s largest technical professional organization), a
Fellow of Singapore Academy of Engineering, and an Association for
Computing Machinery Distinguished Member. He also serves as the
Director of the Centre for Computational Technologies in Finance,
and has been the Associate Vice President at the President’s Office
of Nanyang Technological University since April 2023. His career
has been marked by pioneering work in applying learning-based
techniques to system prototyping and performance optimization for
large-scale networked computer systems. He has received numerous
awards for his contributions, including the 2020 IEEE Industrial
Technical Excellence Award, the 2019 Nanyang Research Award and the
2016 Nanyang Award in Innovation and Entrepreneurship. Professor
Wen also has a strong record of leadership in academic and research
roles, including serving as the Chair for IEEE ComSoc Multimedia
Communication Technical Committee from 2014 to 2016 and the Editor
in Chief of IEEE Transactions on Multimedia currently. Professor
Wen received his PhD in Electrical Engineering and Computer Science
from Massachusetts Institute of Technology in 2008.
Professor Wen resides in Singapore and meets the
requirements as prescribed in Rule 210(5)(d) of the Listing Manual
of the Singapore Exchange Securities Trading Limited. The
appointment of Professor Wen is another testament of the Company’s
commitment to upholding the highest standards of corporate
governance and compliance with applicable securities laws and
regulations.
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 premium smart 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’s product portfolio consists of
the ES8, a six-seater smart electric flagship SUV, the ES7 (or the
EL7), a mid-large five-seater smart electric SUV, the ES6 (or the
EL6), a five-seater all-round smart electric SUV, the EC7, a
five-seater smart electric flagship coupe SUV, the EC6, a
five-seater smart electric coupe SUV, the ET7, a smart electric
flagship sedan, the ET5, a mid-size smart electric sedan, and the
ET5T, a smart electric tourer.
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 U.S.
Securities and Exchange Commission (the “SEC”), in its annual
report to shareholders, in announcements, circulars or other
publications made on the websites of each of The Stock Exchange of
Hong Kong Limited (the “SEHK”) and the Singapore Exchange
Securities Trading Limited (the “SGX-ST”), 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 secure supply of raw materials or other
components used in its vehicles; its ability to secure sufficient
reservations and sales of its vehicles; 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 and the announcements and
filings on the websites of each of the SEHK and SGX-ST. 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
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