On September 10th, NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO), a pioneer and leader in the global intelligent electric vehicle market, announced the completion of a $1 billion equity financing round. This financing attracted numerous high-quality long-term investors, including renowned institutional investors from the United States, United Kingdom, Switzerland, Norway, Asia and other regions, demonstrating strong recognition from investors and capital markets for NIO Inc.'s leading position in the industry, as well as continued support for the company's intelligent electric vehicle development direction.

The successful completion of this transaction fully reflects the capital market's high recognition of NIO Inc.'s development prospects and highlights the company's leading position in the global automotive industry. The funds raised from this public offering will be used for core technology research and development of intelligent electric vehicles, development of future technology platforms and vehicle models for the company's brands, expansion of charging and battery swapping networks, and further strengthening the company's balance sheet to enhance financial strength and provide funding support for NIO Inc.'s long-term development.

Morgan Stanley maintains its "Buy" rating on NIO Inc. shares and raised its target price to $7.2 to reflect an optimistic outlook on the company's long-term growth prospects.