Nio Inc. - NIO STOCK NEWS

NIO Inc. has successfully secured RMB 4.8 billion out of the planned RMB 7 billion cash injection for NIO Anhui, its subsidiary, with RMB 200 million set to be paid by September 30, 2020. The investments, part of agreements made in April and May 2020, will enhance NIO's operations in China, increasing its controlling equity to 75.885%. NIO aims to leverage these funds to boost technology development and improve production capacity. CEO William Bin Li highlighted the focus on advancing user experience and expanding network coverage for growth.

NIO Inc. (NYSE: NIO) has successfully completed the offering of 72 million American depositary shares (ADSs) at a price of $5.95 per ADS. The underwriters have a 30-day option to purchase an additional 10.8 million ADSs. Proceeds from this offering will primarily fund cash investments in NIO China, aimed at enhancing R&D, manufacturing facilities, supply chain development, and sales network operations. The ADS offering was registered under Form F-3, effective June 9, 2020, with Morgan Stanley, Credit Suisse, and CICC serving as joint book-running managers.

NIO Inc. announced the pricing of an offering of 72 million American depositary shares (ADSs) at $5.95 each. The company has granted underwriters a 30-day option to purchase an additional 10.8 million ADSs. The offering, under its shelf registration statement on Form F-3, aims to raise funds for cash investments in NIO China, primarily for R&D, manufacturing facilities, and the sales network. The offering is pending and carries inherent risks that could affect completion.

NIO Inc. has announced the offering of 60 million American depositary shares (ADSs), each representing one Class A ordinary share. The company will grant underwriters a 30-day option to purchase an additional 9 million ADSs. The offering is being managed by Morgan Stanley, Credit Suisse, and China International Capital Corporation. Proceeds will primarily fund NIO China's cash investments for research, manufacturing development, and operational needs. The offering is registered under Form F-3 with the SEC, which became effective on June 9, 2020.

NIO Inc. reported a record-high delivery of 3,436 vehicles in May 2020, marking a significant 215.5% year-over-year growth. This included 2,685 ES6 and 751 ES8 vehicles. Cumulative deliveries of the ES8 and ES6 reached 42,342, with a total of 10,429 vehicles delivered in 2020 thus far. NIO's leadership expresses gratitude for customer support, noting plans for increased production capacity and extended sales networks to capitalize on future growth opportunities.

NIO Inc. reported unaudited financial results for Q1 2020, revealing total revenues of RMB1,372.0 million (US$193.8 million), down 51.8% quarter-over-quarter and 15.9% year-over-year. Vehicle sales decreased by 53.2% QoQ to RMB1,255.6 million, with a negative vehicle margin of 7.4%. Despite vehicle deliveries of 3,838, a decrease due to COVID-19, April delivered 3,155 vehicles, reflecting a 105.8% MoM increase. The company expects Q2 2020 deliveries between 9,500 and 10,000 vehicles, with revenues forecasted between RMB3,368.4 million and RMB3,534.2 million.

NIO Inc. (NYSE: NIO) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2019, with the SEC on May 14, 2020. The report includes audited consolidated financial statements and is available on the Company’s investor relations website. NIO continues to innovate in the premium smart electric vehicle market, offering unique products like the ES8 and ES6 SUVs, with plans to deliver the EC6 model in 2020. Shareholders can request a hard copy of the annual report free of charge.

NIO delivered 3,155 vehicles in April 2020, marking a 105.8% month-over-month increase and a 180.7% year-over-year growth. The deliveries included 2,907 ES6s and 248 ES8s, bringing total deliveries for 2020 to 6,993 and cumulative deliveries of both models to 38,906. The growth is attributed to improved production and strong demand for NIO's vehicles, particularly the new ES8 launched on April 19, 2020, and enhanced service offerings. NIO now operates 105 sales points in China and aims to further enhance its gross margin and operational efficiency.