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NIO Announced Proposed Offering of 75M ADS's

NIO Inc. (NYSE: NIO) announced the commencement of the offering of 75,000,000 American depositary shares (the "ADSs"), each representing one Class A ordinary share of the Company (the "ADS Offering").

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NIO Inc. (NYSE:NIO) announced the commencement of the offering of 75,000,000 American depositary shares (the "ADSs"), each representing one Class A ordinary share of the Company (the "ADS Offering"). The Company intends to grant the underwriters in the ADS Offering a 30-day option to purchase up to an additional 11,250,000 ADSs. Morgan Stanley & Co. LLC, China International Capital Corporation Hong Kong Securities Limited and BofA Securities, Inc. are acting as the underwriters for the ADS Offering.