Overview

• Nio is issuing up to 181,818,190 Class A shares split between New York ADSs and ordinary shares in Hong Kong and Singapore.
• The deal is priced at about $5.57 per ADS (HK$43.36 for ordinary shares), targeting roughly $1.1 billion in gross proceeds.
• Underwriters have a 30‑day option to buy up to an additional 27.3 million ADSs, which could lift proceeds to about $1.26–$1.29 billion.
• The ADS portion is slated to close on Sept. 11 with the Hong Kong and Singapore allocations expected to settle around Sept. 17.
• Use of funds includes smart‑EV R&D, new platforms and models, expansion of the battery‑swapping and charging network, and balance‑sheet strengthening, with a 90‑day insider lock‑up disclosed.