SHANGHAI, China, Dec. 10, 2020 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer in China’s top class dapper electric car market, as of late announced the graduation of the offering of 60,000,000 American depositary shares (the “ADSs”), every representing one Class A frequent portion of the Company (the “ADS Offering”). The Company intends to grant the underwriters in the ADS Offering a 30-day choice to determine as much as an extra 9,000,000 ADSs.
Morgan Stanley & Co. LLC and China Global Capital Company Hong Kong Securities Miniature are performing as representatives for the underwriters for the ADS Offering.
The ADSs shall be supplied below the Company’s shelf registration assertion on Fabricate F-3 which became once filed with the Securities and Change Price (the “SEC”) and routinely grew to change into efficient on June 9, 2020. A preliminary prospectus complement linked to the proposed ADS Offering has been filed with the SEC. The registration assertion on Fabricate F-3 and the preliminary prospectus complement could be found in at the SEC web page at: http://www.sec.gov. Copies of the preliminary prospectus complement and the accompanying prospectus could well per chance well also be obtained from (1) Morgan Stanley & Co. LLC, Prospectus Division, 2nd Ground, 180 Varick Avenue, New York, NY 10014, United States of The US, Attention: Prospectus Division; and (2) China Global Capital Company Hong Kong Securities Miniature, 29th Ground, One Global Finance Centre, 1 Harbour Look for Avenue, Central, Hong Kong.
The Company plans to utilize the gain proceeds from the ADS Offering mainly for (i) study and model of most up-to-the-minute merchandise and subsequent generations of self sufficient using technologies, (ii) gross sales and restore community growth and market penetration and (iii) general corporate capabilities.
This press open shall no longer constitute an offer to sell or a solicitation of an offer to determine any securities, nor shall there be a sale of the securities in any notify or jurisdiction wherein such an offer, solicitation or sale could be unlawful.
This press open contains recordsdata in regards to the pending offering of the ADSs, and there will also be no assurance that the offering shall be carried out.
About NIO Inc.
NIO Inc. is a pioneer in China’s top class dapper electric car market. Basically based in November 2014, NIO’s mission is to form a totally overjoyed lifestyle. NIO objectives to build up a neighborhood starting with dapper electric autos to portion joy and develop alongside side customers. NIO designs, collectively manufactures, and sells dapper top class electric autos, using improvements in subsequent-technology technologies in connectivity, self sufficient using, and artificial intelligence. Redefining the customer trip, NIO affords customers with comprehensive and helpful energy alternate options, innovative Battery as a Provider (BaaS) program, and other consumer-centric services and products. NIO began deliveries of the ES8, a 7-seater flagship top class 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-efficiency top class electric SUV, in December 2018 and began deliveries of the ES6 in June 2019. NIO officially launched the EC6, a 5-seater top class electric coupe SUV, in December 2019 and began deliveries of the EC6 in September 2020.
Safe Harbor Assert
This press open contains statements that can constitute “forward-having a glimpse” statements pursuant to the “stable harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These forward-having a glimpse statements will also be identified by terminology comparable to “will,” “expects,” “anticipates,” “objectives,” “future,” “intends,” “plans,” “believes,” “estimates,” “more likely to” and identical statements. NIO could well per chance also additionally form written or oral forward-having a glimpse statements in its periodic reports to the SEC, in its annual file to shareholders, in press releases and other written affords and in oral statements made by its officers, directors or workers to Third events. Statements that are no longer historic details, in conjunction with statements about NIO’s beliefs, plans and expectations, are forward-having a glimpse statements. Forward-having a glimpse statements possess inherent risks and uncertainties. A series of components could well per chance well reason real outcomes to fluctuate materially from those contained in any forward-having a glimpse assertion, in conjunction with but no longer small to the following: NIO’s programs; NIO’s future business model, monetary condition and outcomes of operations; NIO’s capability to develop and originate a car of sufficient quality and charm to customers on time table and on a huge scale; its capability to develop manufacturing in collaboration with partners; its capability to provide helpful charging alternate options to its customers; the viability, development doubtless and prospects of the newly supplied BaaS model; NIO’s capability to meet the mandated security requirements touching on to motor autos; its capability to stable provide of uncooked affords or other formula ragged in its autos; its capability to stable sufficient reservations and gross sales of the ES8,ES6 and EC6; its capability to assign a watch on prices linked with its operations; its capability to build up the NIO imprint; general economic and business stipulations globally and in China and assumptions underlying or linked to any of the foregoing. Extra recordsdata referring to these and other risks is included in NIO’s filings with the SEC. All recordsdata supplied on this press open is as of the date of this press open, and NIO does no longer undertake any obligation to update any forward-having a glimpse assertion, with the exception of as required below appropriate laws.
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