NIO Announces New Strategic Investment in NIO China

September 29, 2024, Hefei, China - NIO announced that it has entered into strategic investment agreements with three existing strategic investors of NIO Holding Co., Ltd. ("NIO China"). Pursuant to the agreements, the three investors, namely Hefei Jianheng New Energy Automobile Investment Fund Partnership (Limited Partnership), Anhui Provincial Emerging Industry Investment Co., Ltd. and CS Capital Co., Ltd. (collectively, the "Strategic Investors"), will invest an aggregate of RMB 3.3 billion in cash and NIO Inc. will invest an aggregate of RMB 10 billion in cash to subscribe for newly issued shares of NIO China. 

NIO's business is picking up momentum. So far, NIO's monthly delivery has surpassed 20,000 units for four consecutive months, further enhancing its leading position in the premium battery electric vehicle market. The family-centric mass market brand ONVO has garnered a lot of attention since the debut, while its first model, the smart electric mid-size family SUV L60, was delivered on September 28, with an order intake far stronger than anticipated. The new investment into NIO China demonstrates the Strategic Investors' strong recognition of NIO's industry leadership, as well as firm support for the high-quality development of the EV industry. With unwavering investments into technological innovation and infrastructure for charging and battery swapping, NIO is strategically positioned to maintain its long-term advantages in technology, products, services, and user community, and propel itself into the next stage of sustainable growth.