SHANGHAI, March 27, 2025 — NIO Inc., a leader in the global smart electric vehicle market (NYSE: NIO; HKEX: 9866; SGX: NIO), has announced the pricing of its upsized offering of 136,800,000 class A ordinary shares (the “Placement Shares”) at HK$29.46 per share (the “Equity Placement”), totaling HK$4,030.13 million. The Placement Shares were offered to non-U.S. individuals in offshore transactions following Regulation S under the Securities Act of 1933. The Equity Placement is expected to close around April 7, 2025, pending standard closing conditions.

Morgan Stanley Asia Limited, UBS AG Hong Kong Branch, China International Capital Corporation Hong Kong Securities Limited, and Deutsche Bank AG, Hong Kong Branch, have been appointed as placing agents.

The net proceeds from the Equity Placement will be used for research and development of smart electric vehicle technologies and new products, strengthening the balance sheet, and for general corporate purposes.

The Placement Shares have not been registered under the Securities Act, any state securities laws, or in Hong Kong or elsewhere. They cannot be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the Securities Act) without an exemption from the Securities Act’s registration requirements. The Placement Shares have not been offered to the “public” (as defined in the Companies (Winding Up and Miscellaneous Provisions) Ordinance, Chapter 32 of the Laws of Hong Kong), or in Singapore.

This press release does not constitute an offer to sell or a solicitation of an offer to purchase securities in the United States, Hong Kong, Singapore, or elsewhere. It is not an offer, solicitation, or sale of securities in any jurisdiction where such activity would be unlawful.

This press release contains information about the pending Equity Placement, and there is no guarantee that it will be completed.

About NIO Inc.

NIO Inc., established in November 2014, is a pioneering company in the global smart electric vehicle market, aiming to create a sustainable future with its “Blue Sky Coming” mission. NIO envisions itself as a user-centric enterprise, blending innovative technology with exceptional experiences. The company designs, develops, manufactures, and sells smart electric vehicles, driving advancements in core technologies. NIO distinguishes itself through continuous innovation, superior 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 smart high-end 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, identifiable by terms like “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar expressions. NIO may also issue forward-looking statements in SEC filings, annual reports, announcements, circulars 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 by officers, directors, or employees. Statements that are not historical facts, including beliefs, plans, expectations, the proposed offering, intended use of proceeds, and expected closing date, are forward-looking. These statements involve risks and uncertainties that could cause actual results to differ materially. Factors include NIO’s strategies; future business development, financial condition, and results of operations; ability to develop and manufacture high-quality, appealing vehicles on schedule and at scale; ability to secure and expand manufacturing capacities, including partnerships; ability to provide convenient power solutions; viability and growth potential of battery swapping, BaaS, NIO Assisted and Intelligent Driving, and subscription services; ability to improve or develop alternative technologies to meet market demand; ability to meet mandated safety standards; ability to secure raw materials; ability to secure vehicle reservations and sales; ability to control costs; ability to build current and future brands; and general economic conditions globally and in China. Further information on these and other risks is available in NIO’s filings with the SEC and on the websites of the SEHK and SGX-ST. All information is current as of the press release date, and NIO undertakes no obligation to update any forward-looking statement, except as required by law.

For more information, please visit: http://ir.nio.com

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