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NIO Inc. Announces Proposed Equity Offering

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NIO (NYSE: NIO), a leading smart electric vehicle company, has announced a proposed equity offering of up to 181,818,190 Class A ordinary shares. The offering includes both American depositary shares (ADSs) and Class A ordinary shares, with underwriters having a 30-day option to purchase an additional 27,272,729 ADSs.

The company plans to use the proceeds to invest in core EV technologies, develop future technology platforms and vehicle models, expand its battery swapping and charging network, strengthen its balance sheet, and for general corporate purposes. Morgan Stanley, UBS, and Deutsche Bank are acting as representatives for the underwriters.

NIO (NYSE: NIO), azienda leader nei veicoli elettrici intelligenti, ha annunciato un'offerta azionaria proposta fino a 181.818.190 azioni ordinarie di Classe A. L'offerta comprende sia American depositary shares (ADS) sia azioni ordinarie di Classe A, e i sottoscrittori hanno un'opzione per 30 giorni per acquistare ulteriori 27.272.729 ADS.

L'azienda intende utilizzare i proventi per investire nelle tecnologie chiave per i veicoli elettrici, sviluppare future piattaforme tecnologiche e modelli di veicoli, ampliare la rete di sostituzione batterie e ricarica, rafforzare il proprio bilancio e per scopi societari generali. Morgan Stanley, UBS e Deutsche Bank agiscono come rappresentanti dei sottoscrittori.

NIO (NYSE: NIO), una destacada compañía de vehículos eléctricos inteligentes, ha anunciado una oferta de capital propuesta de hasta 181.818.190 acciones ordinarias Clase A. La oferta incluye tanto American depositary shares (ADS) como acciones ordinarias Clase A, y los colocadores tienen una opción de 30 días para comprar 27.272.729 ADS adicionales.

La compañía planea destinar los ingresos a invertir en tecnologías centrales para vehículos eléctricos, desarrollar futuras plataformas tecnológicas y modelos de vehículo, ampliar su red de intercambio de baterías y de carga, fortalecer su balance y para propósitos corporativos generales. Morgan Stanley, UBS y Deutsche Bank actúan como representantes de los colocadores.

NIO (NYSE: NIO), 선도적인 스마� 전기� 회사가 최대 181,818,190� 클래스A 보통�� 대� 주식공모� 제안했다� 발표했습니다. 이번 공모� American depositary shares(ADS)와 클래스A 보통주를 포함하며, 인수단은 추가� 27,272,729 ADS� 30일간 매수� � 있는 옵션� 보유합니�.

회사� 조달 자금� 핵심 전기� 기술� 투자하고, 향후 기술 플랫� � 차량 모델� 개발하며, 배터� 스왑 � 충전 네트워크� 확장하고, 재무구조� 강화하며 일반 기업 목적� 사용� 계획입니�. 모건스탠�, UBS, 도이체방크가 인수� 대표로 활동합니�.

NIO (NYSE: NIO), entreprise leader dans les véhicules électriques intelligents, a annoncé une émission d'actions proposée allant jusqu'à 181 818 190 actions ordinaires de Classe A. L'offre inclut à la fois des American depositary shares (ADS) et des actions ordinaires de Classe A, et les souscripteurs disposent d'une option de 30 jours pour acheter 27 272 729 ADS ܱéԳٲ.

La société prévoit d'utiliser les produits pour investir dans les technologies essentielles pour véhicules électriques, développer de futures plateformes technologiques et modèles de véhicules, étendre son réseau d'échange de batteries et de recharge, renforcer son bilan et à des fins générales d'entreprise. Morgan Stanley, UBS et Deutsche Bank agissent en tant que représentants des souscripteurs.

NIO (NYSE: NIO), ein führendes Unternehmen für intelligente Elektrofahrzeuge, hat ein vorgeschlagenes Aktienangebot von bis zu 181.818.190 Stück Stammaktien der Klasse A angekündigt. Das Angebot umfasst sowohl American Depositary Shares (ADS) als auch Stammaktien der Klasse A; die Underwriter haben eine 30-tägige Option zum Erwerb weiterer 27.272.729 ADS.

Das Unternehmen plant, die Erlöse in Kerntechnologien für Elektrofahrzeuge zu investieren, zukünftige Technologieplattformen und Fahrzeugmodelle zu entwickeln, sein Batterie-Tausch- und Ladenetz auszubauen, die Bilanz zu stärken und für allgemeine Unternehmenszwecke zu verwenden. Morgan Stanley, UBS und die Deutsche Bank fungieren als Vertreter der Underwriter.

Positive
  • Funds will support R&D of core EV technologies and future vehicle development
  • Investment in expanding battery swapping and charging infrastructure
  • Strengthening of company's balance sheet
Negative
  • Potential dilution of existing shareholders' equity
  • Additional shares in the market may pressure stock price
  • Underwriters' option for extra 27.2M shares could further increase dilution

Insights

NIO's 181.8M share offering will dilute existing shareholders but strengthen its financial position for EV technology development and infrastructure expansion.

NIO has announced a substantial equity offering of up to 181,818,190 Class A ordinary shares, with an additional 30-day option for underwriters to purchase 27,272,729 more ADSs. This move represents a significant capital raise for the Chinese EV manufacturer that will result in notable dilution for existing shareholders.

The offering structure is flexible, allowing allocation between American Depositary Shares (ADSs) and ordinary shares based on investor interest. This dual-listing approach across NYSE, Hong Kong, and Singapore exchanges maximizes NIO's access to different investor pools.

The capital deployment strategy focuses on four key areas: (1) R&D investment in core EV technologies, (2) development of new technology platforms and vehicle models, (3) expansion of NIO's proprietary battery swapping and charging infrastructure, and (4) balance sheet strengthening.

NIO's emphasis on battery swapping technology represents a differentiated strategy in the EV market. Unlike most competitors who focus solely on charging stations, NIO's swapping network offers faster "refueling" times - a potential competitive advantage if scaled effectively.

The timing is notable as it comes amid ongoing cash burn challenges facing many EV manufacturers. This capital raise should provide NIO with an extended runway to pursue its ambitious growth plans while weathering the highly competitive EV landscape. The participation of major financial institutions as underwriters (Morgan Stanley, UBS, Deutsche Bank) lends credibility to the offering.

While the dilution will be significant, NIO is prioritizing long-term strategic positioning over short-term equity metrics, betting that infrastructure development and technological advancement will ultimately deliver greater shareholder value than maintaining current equity concentration.

SHANGHAI, Sept. 10, 2025 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO� or the “Company�), a pioneer and a leading company in the global smart electric vehicle market, today announced a proposed offering (the “Equity Offering�) relating to a total of up to 181,818,190 Class A ordinary shares of the Company, which consists of an offering of American depositary shares (“ADSs�), each representing one Class A ordinary share of the Company (the “ADS Offering�) and an offering of Class A ordinary shares (the “Ordinary Share Offering�). The ADSs and/or Class A ordinary shares offered in the Equity Offering will be allocated between the ADS Offering and the Ordinary Share Offering based on investor interests.

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

The Company currently plans to use the net proceeds from the Equity Offering to invest in the research and development of core technologies for smart electric vehicles, develop future technology platforms and vehicle models across its brands, expand its battery swapping and charging network, further strengthen 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 acting as representatives for the underwriters for 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 related to the proposed Equity Offering has been filed with the SEC. The registration statement on Form F-3 and the preliminary prospectus supplement are available at the SEC website at: http://www.sec.gov. 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 shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

This press release contains information about the pending offering of the Company’s securities, and there can be no assurance that the Equity Offering will be completed.

About NIO Inc.

NIO Inc. is a pioneer and a leading company in the global smart electric vehicle market. Founded in November 2014, NIO aspires to shape a sustainable and brighter future with the mission of “Blue Sky Coming�. NIO envisions itself as a user enterprise where innovative technology meets experience excellence. NIO designs, develops, manufactures and sells smart electric vehicles, driving innovations in next-generation core technologies. NIO distinguishes itself through continuous technological breakthroughs and innovations, exceptional products and services, and a community for shared growth. NIO provides premium smart electric vehicles under the NIO brand, family-oriented smart electric vehicles through the ONVO brand, and small smart high-end electric cars with the FIREFLY brand.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking� statements pursuant to the “safe harbor� provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,� “expects,� “anticipates,� “aims,� “future,� “intends,� “plans,� “believes,� “estimates,� “likely to� and similar statements. NIO may also make 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 made on the websites of each of The Stock Exchange of Hong Kong Limited (the “SEHK�) and the Singapore Exchange Securities Trading Limited (the “SGX-ST�), 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, expectations, the proposed offering and intended use of proceeds, 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; NIO’s future business development, financial condition and results of operations; NIO’s ability to develop and manufacture vehicles of sufficient quality and appeal to customers on schedule and on a large scale; its ability to ensure and expand manufacturing capacities 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 the battery swapping, BaaS, and NIO Assisted and Intelligent Driving and its subscription services; its ability to improve the technologies or develop alternative technologies in meeting evolving market demand and industry development; NIO’s ability to satisfy the mandated safety standards relating to motor vehicles; its ability to secure supply of raw materials or other components used in its vehicles; its ability to secure sufficient reservations and sales of its vehicles; its ability to control costs associated with its operations; its ability to build its current and future brands; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIO’s filings with the SEC and the announcements and filings on the websites of each of the SEHK and SGX-ST. All information provided in this press release is as of the date of this press release, and NIO does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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

Investor Relations
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Media Relations
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FAQ

How many shares is NIO offering in its September 2025 equity offering?

NIO is offering up to 181,818,190 Class A ordinary shares, with underwriters having a 30-day option to purchase an additional 27,272,729 ADSs.

What will NIO use the proceeds from the 2025 equity offering for?

NIO will use the proceeds for R&D of core EV technologies, development of future technology platforms and vehicles, expansion of battery swapping and charging network, strengthening balance sheet, and general corporate purposes.

Who are the underwriters for NIO's 2025 equity offering?

The underwriters are Morgan Stanley Asia Limited, UBS Securities LLC, UBS AG Hong Kong Branch, and Deutsche Bank AG, Hong Kong Branch.

How will NIO's equity offering affect existing shareholders?

The equity offering may lead to dilution of existing shareholders' equity and could potentially pressure the stock price due to increased share supply in the market.

What types of shares are included in NIO's 2025 equity offering?

The offering includes both American depositary shares (ADSs) and Class A ordinary shares, with allocation between them based on investor interest.
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