NIO-SW (09866) announced that on September 17, 2025, NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO), a pioneer and leading company in the global smart electric vehicle market, completed a $1.16 billion offering involving a total of 209 million Class A ordinary shares of the company. The offering included (i) the issuance of 161 million American depositary shares, with each American depositary share representing one Class A ordinary share of the company, (ii) the issuance of 20.995 million Class A ordinary shares of the company, and (iii) the issuance of 27.2727 million American depositary shares following the underwriters' full exercise of their option to purchase additional American depositary shares on September 10, 2025. The American depositary shares were sold at a public offering price of $5.57 per American depositary share. The Class A ordinary shares were sold at an offering price of HK$43.36 per Class A ordinary share. The company currently plans to use the net proceeds from the equity offering for investment in research and development of core smart electric vehicle technologies, development of future technology platforms and vehicle models for its brands, expansion of its charging and battery swapping network, further strengthening of its balance sheet, and general corporate purposes.