On March 27, NIO Group (NYSE: NIO; HKEx: 9866; SGX: NIO), a pioneer and leader in the global smart electric vehicle market, announced that the company has successfully raised HK$4.03 billion through a “lightning” placement method. The transaction was completed at HK$29.46 per share. The funds raised from this sale will be used to promote research and development of core technologies and new products for smart electric vehicles. At the same time, it will further enhance the NIO Group's cash reserves, enhance the company's balance sheet, and provide sufficient resource support for the long-term growth of the NIO Group's business. The sale was actively subscribed by top international investment institutions, which fully confirms the capital market's high recognition of NIO's leading position in the smart electric vehicle field. Investors confirmed NIO's benchmark position in the industry through real money investment, and also expressed deep confidence in its future development. This placement will further strengthen NIO's cash flow reserves. While optimizing operational efficiency, it will provide a solid guarantee for technology research and development, product iteration and market expansion, and continue to consolidate consumers' long-term trust in NIO.

On March 27, NIO Group (NYSE: NIO; HKEx: 9866; SGX: NIO), a pioneer and leader in the global smart electric vehicle market, announced that the company has successfully raised HK$4.03 billion through a “lightning” placement method. The transaction was completed at HK$29.46 per share. The funds raised from this sale will be used to promote research and development of core technologies and new products for smart electric vehicles. At the same time, it will further enhance the NIO Group's cash reserves, enhance the company's balance sheet, and provide sufficient resource support for the long-term growth of the NIO Group's business. The sale was actively subscribed by top international investment institutions, which fully confirms the capital market's high recognition of NIO's leading position in the smart electric vehicle field. Investors confirmed NIO's benchmark position in the industry through real money investment, and also expressed deep confidence in its future development. This placement will further strengthen NIO's cash flow reserves. While optimizing operational efficiency, it will provide a solid guarantee for technology research and development, product iteration and market expansion, and continue to consolidate consumers' long-term trust in NIO.