NIO Inc. Secures Strategic Investment to Boost Growth in Electric Vehicle Market

NIO Inc., a leader in the smart electric vehicle industry, has announced a strategic investment that will see the company gaining 11.7% equity interest in NIO China. This move is part of a broader investment transaction that allows NIO the opportunity to invest an additional RMB20 billion for further shares in NIO China by the end of 2025. The transaction is currently awaiting regulatory and internal approvals, with the cash injection from both NIO and strategic investors to be completed in two phases by the end of 2024.

This investment highlights the strategic investors' confidence in NIO's innovative approach and leadership in the electric vehicle sector. With a strengthened financial position, NIO is set to enhance its technology, product offerings, and user community, while executing a multi-brand strategy to expand into wider markets.

NIO Inc., established in November 2014, is committed to creating a sustainable future with its mission "Blue Sky Coming." The company is renowned for its smart electric vehicles and continuous technological advancements, offering premium vehicles under the NIO brand and family-oriented vehicles through the ONVO brand.

The press release includes forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995, indicating potential risks and uncertainties that could affect future outcomes. These statements reflect NIO's plans and expectations but are subject to various risks, including market conditions, manufacturing capabilities, and regulatory compliance.

For more details, visit NIO Investor Relations or contact their Investor and Media Relations teams at ir@nio.com and global.press@nio.com respectively.