Nio announces pricing of $1B equity offering

NIO (NIO) announced the pricing of its $1B offering relating to a total of 181,818,190 Class A ordinary shares of the Company, which consists of an offering of American depositary shares, each representing one Class A ordinary share of the Company, and an offering of Class A ordinary shares of the Company. The ADSs are offered at a public offering price of $5.57 per ADS. The Class A ordinary shares are offered at an offering price of HK$43.36 per Class A ordinary share. The Company expects to close the ADS Offering on or about September 11, 2025; and close the Ordinary Share Offering on or about September 17, 2025, subject to customary closing conditions. In addition, the Company has granted the underwriters in the Equity Offering a 30-day option to purchase up to an additional 27,272,728 ADSs, which, if exercised, will be settled solely in ADSs. The Company currently plans to use the net proceeds from the Equity Offering to invest in the research and development of core technologies for smart electric vehicles, develop future technology platforms and vehicle models across its brands, expand its battery swapping and charging network, further strengthen its balance sheet, and for general corporate purposes. Morgan Stanley Asia Limited, UBS Securities, UBS AG Hong Kong Branch and Deutsche Bank AG, Hong Kong Branch are acting as representatives for the underwriters for the Equity Offering.