NIO-SW(09866) has completed a $1.16 billion equity issuance and fully exercised the underwriters' option to purchase additional American depositary shares.

NIO-SW (09866) announced on September 17, 2025 - NIO Group (NYSE: NIO; HKEX: 9866; SSE: NIO), a pioneer and leader in the global smart electric vehicle market, has completed a $1.16 billion issuance involving a total of 209 million shares of Class A common stock, including (i) the issuance of 161 million American Depositary Shares, with each ADS representing one share of Class A common stock, (ii) the issuance of 20.99 million shares of Class A common stock, and (iii) the issuance of 27.27 million additional ADSs under the option exercised by the underwriters on September 10, 2025. The ADSs were sold at a public offering price of $5.57 per ADS. The Class A common stock was sold at an issuance price of HK$43.36 per share. The company plans to use the net proceeds from the equity issuance for investing in the research and development of core technologies for smart electric vehicles, developing future technology platforms and models under its brand, expanding its charging and swapping network, further strengthening its balance sheet, and for general corporate purposes.