On December 11, 2020 (EST), NIO Inc. (“NIO” or the “Company”, NYSE:NIO) priced its US$2.65bn (pre-greenshoe)/US$3.05bn (post-greenshoe, if fully excercised) follow-on offering. CICC acted as Joint Bookrunner (JBR) in the transaction. This is the largest-ever equity financing 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 this year, 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.

In 3Q2020, NIO delivered 12,206 vehicles, selling more than 10,000 vehicles in two consecutive quarters. In Nov. 2020, NIO delivered 5,291 vehicles, achieving another monthly sales record, its fourth during the past four months. As of the end of November 2020, its cumulative sales reached 68,634, ranking first among the Chinese EV start-ups.

CICC deeply follows the development of the new energy vehicle sector and continuously serves the leading player. This is another successful transaction of CICC providing NIO with full-spectrum domestic and overseas capital market services, after assisting its US$493mm follow-on offering in June 2020 and US$1.73bn follow-on offering in August 2020.

CICC, as the JBR, mobilized various sales resources and assisted NIO in grasping a favorable issuance time amid a volatile market environment. By tapping into and quickly securing several international and Chinese top-tier investment institutions focusing on the EV sector, CICC contributed to completing the offering efficiently in a tight schedule with an upsizing in offering size and an ideal offering price.

CICC continuously supports the development of leading enterprises in new economy business with its 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.