SHANGHAI, Dec. 26, 2024 — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO), a leading global smart electric vehicle company, announced a repurchase right notification for its 0.50% Convertible Senior Notes due 2027 (CUSIP No. 62914VAF3). Holders can require NIO to repurchase their notes (or portions in US$1,000 increments) for cash on February 1, 2025. This right, detailed in the January 15, 2021 Indenture with The Deutsche Bank Trust Company Americas as trustee, expires January 30, 2025, at 5:00 p.m. NYC time.

NIO will file a Tender Offer Statement on Schedule TO with the SEC. Repurchase details will be available via the Depository Trust Company and Deutsche Bank Trust Company Americas. NIO, its board, and employees offer no recommendation on exercising this right.

The repurchase price is 100% of the principal amount plus accrued interest (excluding February 1, 2025). February 1st being a Saturday, interest will be paid on Monday, February 3rd, to holders of record on January 15th, 2025. US$378,525,000.00 in principal is outstanding. Full repurchase would cost US$378,525,000.00.

Holders can exercise the repurchase right from December 30, 2024, 9:00 a.m. NYC time, until January 30, 2025, 5:00 p.m. NYC time, following procedures in the Repurchase Right Notice (available via the Depository Trust Company and Deutsche Bank Trust Company Americas). Withdrawals are permitted before the January 30th deadline.

This press release is for informational purposes only and doesn’t constitute an offer to buy or sell securities. The offer is governed by the December 26, 2024 Repurchase Right Notice and related documents.

Holders should consult the Indenture for full details and contact The Deutsche Bank Trust Company Americas for repurchase questions. The Repurchase Right Notice can be obtained from The Deutsche Bank Trust Company Americas, c/o DB Services Americas Inc., 5022 Gate Parkway Suite 200, MS JCK01-218, Jacksonville, FL 32256 (email: db.reorg@db.com).

HOLDERS OF NOTES AND OTHER INTERESTED PARTIES ARE URGED TO READ THE COMPANY’S SCHEDULE TO, REPURCHASE RIGHT NOTICE AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT NIO INC. AND THE REPURCHASE RIGHT.

SEC filings are available at http://www.sec.gov and on NIO’s website.

About NIO Inc.

NIO Inc. is a leading global smart electric vehicle company. Founded in November 2014, NIO aims for a sustainable future. NIO designs, develops, manufactures, and sells smart electric vehicles, driving innovation in core technologies. NIO offers premium smart electric vehicles under the NIO brand, family-oriented smart electric vehicles through the ONVO brand, and small smart high-end electric cars with the FIREFLY brand.

For more information, please visit: http://ir.nio.com

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