Home Stock exchange NIO Inc. Announces Proposed Secondary Listing on Stock

NIO Inc. Announces Proposed Secondary Listing on Stock


SHANGHAI, China, Feb. 27 12, 2022 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer and market-leading company in the premium intelligent electric vehicle market, today announced the listing proposed secondary of its Class A ordinary shares, with a par value of US$0.00025 per share (the “Shares”) by way of listing on the main board of the Stock Exchange of Hong Kong Limited (the “SEHK”) . The Company’s US Depositary Shares (the “ADS”), each representing one share, will continue to be primarily listed and traded on the New York Stock Exchange (the “NYSE”).

The Company received a letter of approval in principle of the listing application from the SEHK on February 28, 2022 (Beijing/Hong Kong time) for the listing of the Shares on the main board of the SEHK. The listing document relating to the proposed secondary listing of the Shares by way of an initial public offering to the Main Board of the SEHK was published on the website of the SEHK on February 28, 2022 (Beijing/Hong Kong time). Subject to final listing approval by the SEHK, the shares are expected to begin trading on the Main Board of the SEHK on March 10, 2022 (Beijing/Hong Kong time) under stock code “9866”. Shares will trade in board lots of 10 Shares. Upon listing on the Main Board of the SEHK, the Shares listed on the Main Board of the SEHK will be fully fungible with the ADSs listed on the NYSE.

With respect to the secondary listing offered on the Main Board of the SEHK, Morgan Stanley Asia Limited, Credit Suisse (Hong Kong) Limited and China International Capital Corporation Hong Kong Securities Limited act as co-sponsors. In addition, the Company has appointed Morgan Stanley Hong Kong Securities Limited as Designated Securities Dealer and China International Capital Corporation Hong Kong Securities Limited as Alternate Designated Securities Dealer to enter into transition agreements and other trading arrangements. in good faith and at arm’s length with a to facilitate liquidity to meet demand for our Shares in Hong Kong and to maintain an orderly market for a period of 30 calendar days, commencing 9:00 a.m. on March 10 2022 (Beijing/Hong Kong time).

This press release does not constitute an offer to sell or the solicitation of an offer or an invitation to buy securities of the Company, and there will be no offer or sale of the securities in any state or other jurisdiction in which a such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

We have made arrangements with our principal share register in the Cayman Islands and the Hong Kong share register for the withdrawal of a portion of our Class A ordinary shares (which includes the shares underlying our ADSs) from our Cayman share register and their transfer to our Hong Kong shares register at no additional cost to shareholders prior to registration. Please refer to the section entitled “Marketplace Provisions to Facilitate Transactions in Hong Kong” of the Listing Document for further details.

About NIO Inc.

NIO Inc. is a pioneer and leading company in the premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to build a community from smart electric vehicles to share joy and grow with users. NIO jointly designs, develops, manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO is differentiated by its continuous technological breakthroughs and innovations, such as its industry-leading battery swap technologies, Battery as a Service, or BaaS, as well as its proprietary Autonomous Driving and Autonomous Driving as a Service technologies. , or ADaaS. NIO launched the ES8, a premium seven-seat smart electric SUV in December 2017, and began deliveries of the ES8 in June 2018 and its variant, the six-seat ES8, in March 2019. NIO launched the ES6, a five-seater premium high-performance smart electric SUV, in December 2018, and began deliveries of the ES6 in June 2019. NIO launched the EC6, a premium smart electric coupe SUV five-seater, in December 2019, and began deliveries of the EC6 in September 2020 NIO launched the ET7, a flagship premium electric smart sedan, in January 2021. NIO launched the ET5, an electric sedan mid-size premium smart phone, in December 2021.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by terms such as “will ‘, ‘expects’, ‘anticipates’, ‘aims’, ‘future’, ‘intends’, ‘plans’, ‘believes’, ‘estimates’, ‘is likely to’ and similar statements. NIO may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. . Statements that are not historical facts, including statements about NIO’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including, but not limited to, the following: NIO’s strategies; the future business development, financial condition and results of operations of NIO; NIO’s ability to develop and manufacture a car of sufficient quality and to please customers on time and at scale; its ability to secure and expand manufacturing capabilities, including establishing and maintaining partnerships with third parties; its ability to provide convenient and comprehensive power solutions to its customers; the viability, growth potential and prospects of new BaaS and ADaaS; its ability to improve technologies or develop alternative technologies to meet changing market demand and industry development; NIO’s ability to meet mandatory motor vehicle safety standards; its ability to navigate the evolving and complex regulatory environment, including various laws, regulations and regulatory requirements relating to cybersecurity, privacy, data protection and information security; its ability to secure the supply of raw materials or other components used in its vehicles; its ability to secure sufficient reservations and sales for ES8, ES6, EC6, ET7 and ET5; its ability to control the costs associated with its operations; its ability to build the NIO brand; general economic and business conditions globally and in China and assumptions underlying or relating to any of the foregoing. Further information regarding these and other risks is included in NIO’s filings with the SEC and in the listing document posted on the SEHK’s website. All information provided in this press release is as of the date of this press release, and NIO undertakes no obligation to update any forward-looking statement except as required by applicable law.

For more information, please visit: http://ir.nio.com

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