NIO plans to issue 181.8 million Class A common shares, including American Depositary Shares. The proceeds will be used for the research and development of core technologies for intelligent electric vehicles, the development of future technology platforms and vehicle models, as well as the expansion of battery swap and charging networks. Morgan Stanley Asia, UBS Securities, UBS AG Hong Kong Branch, and Deutsche Bank Hong Kong Branch will serve as the representatives of the underwriters for this stock issuance.
