On January 12, 2021 (EST), NIO Inc. (“NIO” or the “Company”, NYSE:NIO) priced its US$1.3bn (pre-greenshoe)/US$1.5bn (post-greenshoe, if fully exercised) convertible bond offering. CICC acted as Joint Bookrunner (JBR) in the transaction. 

This is the largest-ever convertible bonds offering by a Chinese auto company.

About NIO

NIO, a pioneer in China’s premium smart electric vehicle market, was founded in 2014 and was listed on the New York Stock Exchange in September 2018. NIO’s mission is to shape a joyful lifestyle by offering premium smart electric vehicles, comprehensive and innovative charging solutions and the best user experience. The Company has mass produced and delivered three models, ES6, ES8, and EC6. The ES6 has ranked No.1 in BEV SUV sales in China for months since October 2019. For the first half of 2020, the ES8 has also achieved No. 1 in sales among mid- to large-sized luxury electric SUVs priced above RMB 400,000 in China. The EC6, a premium smart electric Coupe SUV, has started deliveries in September 2020. On January 9, 2021, NIO unveiled its first electric sedan ET7 together with its first autonomous driving platform system NAD (NIO Autonomous Driving) at NIO Day. Throughout 2020, NIO delivered totally 43,700 electric vehicles, up by 112.6% year-on-year, contributing to 75,600 vehicles delivered cumulatively, ranking first among the Chinese EV start-ups.

Acting as the JBR in the transaction, CICC introduced high-caliber international investors and assisted the Company to complete the offering under a tight schedule. CICC intensely follows the development of the new energy vehicle sector, and continuously serves the leading player. This has been another successful transaction for CICC to provide NIO with full-spectrum domestic and overseas capital market services.

CICC continuously supports the development of leading enterprises in new economy business with our international and professional capability, and has provided unique and practical suggestions and high-quality services for the client to get financed in both domestic and overseas deals, winning high trust and recognition from the client.