SHANGHAI, Sept. 17, 2025 — NIO Inc., a leading player in the global smart electric vehicle sector (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), announced today that it has completed its US$1.16 billion Equity Offering. This offering involved a total of 209,090,918 Class A ordinary shares, comprising (i) 160,823,190 American depositary shares (“ADSs”), each representing one Class A ordinary share, (ii) 20,995,000 Class A ordinary shares, and (iii) 27,272,728 ADSs through the underwriters’ full exercise of their option to purchase additional ADSs on September 10, 2025.
The ADSs were priced at US$5.57 each in the public offering. The Class A ordinary shares were offered at HK$43.36 apiece.
NIO intends to use the net proceeds from the Equity Offering to fund research and development in core smart electric vehicle technologies, develop future technology platforms and vehicle models for its various brands, expand its battery swapping and charging infrastructure, strengthen its financial position, and for general corporate needs.
Morgan Stanley Asia Limited, UBS Securities LLC, UBS AG Hong Kong Branch, and Deutsche Bank AG, Hong Kong Branch served as the underwriters’ representatives for the Equity Offering.
The ADSs and Class A ordinary shares were sold under the Company’s shelf registration statement on Form F-3, which was filed with the Securities and Exchange Commission (the “SEC”) and automatically took effect on May 21, 2024. A prospectus supplement related to the Equity Offering has been filed with the SEC. The registration statement on Form F-3 and the prospectus supplement are available on the SEC website at: http://www.sec.gov. Copies of the prospectus supplement and the accompanying prospectus can be obtained from (1) Morgan Stanley Asia Limited, c/o Morgan Stanley & Co. LLC, 180 Varick Street, New York, New York 10014, Attention: Prospectus Department; (2) UBS Securities LLC, 1285 Avenue of the Americas, New York, NY 10019, Attention: Prospectus Department; and (3) Deutsche Bank AG, Hong Kong Branch, Level 60, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong.
This announcement is not an offer to sell or a solicitation of an offer to buy securities, nor will there be any sale of securities in any jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
About NIO Inc.
NIO Inc. is a pioneering company in the global smart electric vehicle market. Founded in November 2014, NIO’s mission is to create a sustainable and brighter future with “Blue Sky Coming.” NIO aims to be a user-oriented enterprise where innovative technology meets exceptional experience. NIO designs, develops, manufactures, and sells smart electric vehicles, driving innovation in next-generation core technologies. NIO is known for its technological advancements, outstanding products and services, and a community fostering shared growth. NIO offers premium smart electric vehicles under the NIO brand, family-oriented smart electric vehicles through the ONVO brand, and small, high-end smart electric cars with the FIREFLY brand.
Safe Harbor Statement
This press release includes “forward-looking” statements as defined by the U.S. Private Securities Litigation Reform Act of 1995. These statements are identifiable by terms like “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar expressions. NIO may also make such statements in its filings with the SEC, its annual report to shareholders, announcements on the websites of The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”), press releases, written materials, and oral statements to third parties. Statements that are not historical facts, including those about NIO’s beliefs, plans, expectations, the offering, and the use of proceeds, are forward-looking. These statements involve risks and uncertainties. Numerous factors could cause actual results to differ materially, including NIO’s strategies, business development, financial condition, ability to develop and manufacture high-quality vehicles at scale, manufacturing capacity, power solutions, the viability of battery swapping, BaaS, NIO Assisted and Intelligent Driving, its ability to improve technologies, meet safety standards, secure raw materials, vehicle sales, control costs, build its brands, and general economic conditions. More information about these risks is available in NIO’s filings with the SEC and on the SEHK and SGX-ST websites. All information is current as of this press release, and NIO does not commit to updating any forward-looking statement unless required by law.
For more information, please visit: http://ir.nio.com
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