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NIO Inc. Completes Repurchase Right Offer for Its 0.50% Convertible Senior Notes due 2027

Jan 31, 2025

Contract Type

contract

ShanghaiManufacturingAutomotiveElectronicsElectric VehicleBattery

Description

NIO Inc. has completed its previously announced repurchase right offer relating to its 0.50% Convertible Senior Notes due 2027, with US$378,312,000 aggregate principal amount of the Notes being validly surrendered and not withdrawn prior to the expiration of the repurchase right offer.

Company Information

Company

NIO

Location

Shanghai, Shanghai, China

About

NIO is a pioneer and a leading company in the premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS. NIO’s product portfolio consists of the ES8, a six-seater smart electric flagship SUV, the ES7 (or the EL7), a mid-large five-seater smart electric SUV, the ES6, a five-seater all-round smart electric SUV, the EC7, a five-seater smart electric flagship coupe SUV, the EC6, a five-seater smart electric coupe SUV, the ET7, a smart electric flagship sedan, and the ET5, a mid-size smart electric sedan.

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