NIO Inc. Proposes Equity Offering

SHANGHAI, Sept. 10, 2025 — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a frontrunner and prominent entity in the global smart electric vehicle market, today announced a proposed offering (the “Equity Offering”) involving up to a total of 181,818,190 Class A ordinary shares. This offering comprises both American depositary shares (“ADSs”), with each ADS representing one Class A ordinary share of the Company (the “ADS Offering”), and an offering of Class A ordinary shares directly (the “Ordinary Share Offering”). The allocation of ADSs and/or Class A ordinary shares in the Equity Offering will be determined by investor interest across the ADS Offering and the Ordinary Share Offering.

The Company also intends to grant the underwriters for the Equity Offering a 30-day option to acquire up to an additional 27,272,729 ADSs, which, if exercised, will be settled exclusively in ADSs.

NIO currently plans to utilize the net proceeds from this Equity Offering for various strategic initiatives: investing in the research and development of core smart electric vehicle technologies, developing future technology platforms and vehicle models across its brand portfolio, expanding its battery swapping and charging infrastructure, bolstering its balance sheet, and for general corporate purposes.

Morgan Stanley Asia Limited, UBS Securities LLC, UBS AG Hong Kong Branch, and Deutsche Bank AG, Hong Kong Branch are serving as representatives for the underwriters of the Equity Offering.

The ADSs and Class A ordinary shares will be offered under the Company’s shelf registration statement on Form F-3, which was filed with the Securities and Exchange Commission (the “SEC”) and automatically became effective on May 21, 2024. A preliminary prospectus supplement pertaining to the proposed Equity Offering has been filed with the SEC. Both the Form F-3 registration statement and the preliminary prospectus supplement are accessible on the SEC’s website at: http://www.sec.gov. Printed copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained from (1) Morgan Stanley Asia Limited, c/o Morgan Stanley & Co. LLC, 180 Varick Street, New York, New York 10014, Attention: Prospectus Department; (2) UBS Securities LLC, 1285 Avenue of the Americas, New York, NY 10019, Attention: Prospectus Department; and (3) Deutsche Bank AG, Hong Kong Branch, Level 60, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong.

This press release does not constitute an offer to sell or a solicitation of an offer to purchase any securities. Furthermore, no sale of these securities will occur in any state or jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction.

This press release contains details regarding a pending offering of the Company’s securities, and there is no guarantee that the Equity Offering will be successfully completed.

About NIO Inc.

NIO Inc., established in November 2014, is a pioneer and a leading company in the global smart electric vehicle market. Driven by its mission of “Blue Sky Coming,” NIO aims to foster a sustainable and brighter future. NIO envisions itself as a user-centric enterprise, where innovative technology converges with exceptional user experience. The company designs, develops, manufactures, and sells smart electric vehicles, spearheading advancements in next-generation core technologies. NIO distinguishes itself through ongoing technological breakthroughs and innovations, outstanding products and services, and a community dedicated to shared growth. NIO offers premium smart electric vehicles under its NIO brand, family-oriented smart electric vehicles through the ONVO brand, and compact, high-end smart electric cars with the FIREFLY brand.

Safe Harbor Statement

This press release contains statements that may be considered “forward-looking” statements, in accordance with the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are identifiable by terms such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar expressions. NIO may also issue written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in announcements, circulars, or other publications on the websites of The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”), in press releases, other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including those pertaining to NIO’s beliefs, plans, expectations, the proposed offering, and the intended use of proceeds, are forward-looking statements. Such statements inherently involve risks and uncertainties. Numerous factors could lead to actual results differing substantially from those expressed in any forward-looking statement, including but not limited to: NIO’s strategies; its future business development, financial condition, and operational results; its capacity to develop and manufacture vehicles of adequate quality and appeal to customers, on schedule 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 its battery swapping, BaaS, and NIO Assisted and Intelligent Driving services, as well as its subscription services; its ability to enhance existing technologies or develop alternative technologies to meet evolving market demands and industry advancements; NIO’s adherence to mandated motor vehicle safety standards; its ability to secure supplies of raw materials and other components for its vehicles; its ability to secure sufficient reservations and sales of its vehicles; its ability to manage costs associated with its operations; its efforts to build its current and future brands; and general economic and business conditions both globally and within China, as well as any underlying assumptions related to the foregoing. Further information concerning these and other risks is provided in NIO’s filings with the SEC and in the announcements and filings on the websites of the SEHK and SGX-ST. All information presented in this press release is current as of its date of publication, and NIO assumes no obligation to update any forward-looking statement, except as required by applicable law.

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

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