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NIO (NIO) announced the pricing of its upsized HK$4,030.13M offering of 136,800,000 class A ordinary shares of the Company at an offering price of HK$29.46 per Placement Share. The Placement Shares have been offered to non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act of 1933, as amended. The Company expects to close the Equity Placement on or about April 7, 2025, subject to the satisfaction of customary closing conditions. Morgan Stanley Asia, UBS AG Hong Kong Branch, China International Capital Corporation Hong Kong Securities and Deutsche Bank, Hong Kong Branch have been appointed as the placing agents. The Company currently plans to use the net proceeds from the Equity Placement for research and development of smart electric vehicle technologies and new products, further strengthening balance sheet as well as general corporate purposes.

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