On November 19, 2021 (EST), NIO Inc. (“NIO” or the “Company”, NYSE: NIO) finished its US$2bn at-the-market offering (“ATM offering”). CICC acted as Sales Agent in the transaction.

The transaction represents the largest-ever ATM offering by an Asian company and the first-ever ATM offering by a Chinese auto company.

NIO is a pioneer and a leading company in the premium smart electric vehicle market. NIO has mass produced and delivered ES8, a six- or seven-seater flagship premium smart electric SUV, and ES6, a five-seater high-performance premium smart electric SUV, as well as EC6, a five-seater premium smart electric coupe SUV. ET7, NIO’s flagship premium smart electric sedan and first autonomous driving model, will be delivered in 1Q2022. As of the end of October 2021, NIO has delivered 145,703 vehicles, topping domestic emerging EV makers. 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.

ATM offering is a flexible type of follow-on offering in overseas capital markets. Compared with traditional follow-on offering, ATM offering sells newly issued shares into the secondary trading market at prevailing market prices during a period of time. The successful completion of the deal marks the success of innovation in financing in overseas capital markets by a Chinese company, while also once again demonstrates CICC’s capabilities of providing a full spectrum of integrated investment banking services across domestic and overseas capital markets for the client. CICC closely follows the development of the new energy smart vehicle industry and firmly serves the industry leaders. With our international and professional capability, we have provided unique and practical suggestions and high-quality innovative financial services for the client to get financed in both domestic and overseas deals, winning high trust and recognition from the client.

Source: CPCA, Company filings