Overview

• Steven Wei Feng resigned as Nio's CFO for personal and family reasons after five years in the role.
• Stanley Yu Qu, previously Senior VP of Finance, has been promoted to CFO.
• Morgan Stanley analysts expect minimal impact on Nio's operations and future fundraising plans.
• Nio delivered 21,209 vehicles in June, marking a 98% year-over-year increase.
• Quarterly deliveries reached 57,373 units, reflecting a 144% growth year-over-year.