NIO Inc. Completes $1.16 Billion Equity Offering, Including Full Exercise of Underwriters’ Option
NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO), a global leader in the smart electric vehicle (EV) market, has announced the successful completion of its $1.16 billion equity offering. This offering includes a total of 209,090,918 Class A ordinary shares, comprising:
- 160,823,190 American depositary shares (ADSs), each representing one Class A ordinary share.
- 20,995,000 Class A ordinary shares.
- 27,272,728 ADSs, sold as part of the underwriters’ full exercise of their option to purchase additional ADSs on September 10, 2025.
The ADSs were sold at a public offering price of $5.57 per ADS, while the Class A ordinary shares were priced at HK$43.36 per share.
Strategic Use of Proceeds
NIO plans to allocate the net proceeds from this equity offering to several key initiatives, including:
- Advancing research and development of core technologies for smart electric vehicles.
- Developing future technology platforms and vehicle models across its brands.
- Expanding its battery swapping and charging network.
- Strengthening its balance sheet.
- Supporting general corporate purposes.
Underwriters and Offering Details
Morgan Stanley Asia Limited, UBS Securities LLC, UBS AG Hong Kong Branch, and Deutsche Bank AG Hong Kong Branch acted as representatives for the underwriters of the equity offering. The securities were sold under NIO’s shelf registration statement on Form F-3, which was filed with the U.S. Securities and Exchange Commission (SEC) and became effective on May 21, 2024. A prospectus supplement related to the offering has also been filed with the SEC and is available on its website.
About NIO Inc.
Founded in November 2014, NIO Inc. is a pioneer in the global smart electric vehicle market, committed to shaping a sustainable future under its mission of “Blue Sky Coming.” The company designs, develops, manufactures, and sells premium smart electric vehicles, offering innovative technology and exceptional user experiences.
NIO operates under three distinct brands:
- NIO: Premium smart electric vehicles.
- ONVO: Family-oriented smart electric vehicles.
- FIREFLY: Small, high-end smart electric cars.
Through continuous technological innovation, NIO has established itself as a leader in the EV industry, fostering a community of shared growth and delivering exceptional products and services.
