NIO Inc. proposes an offering of up to 181.8 million Class A shares to fund technology development and expansion initiatives.
Quiver AI Summary
NIO Inc. announced a proposed equity offering of up to 181,818,190 Class A ordinary shares, including American depositary shares (ADSs) and regular ordinary shares, with a 30-day option for underwriters to purchase an additional 27,272,729 ADSs. The proceeds from the offering are intended for research and development of smart electric vehicle technologies, expanding its battery swapping and charging networks, and enhancing the company's financial position. Morgan Stanley Asia Limited, UBS Securities LLC, and Deutsche Bank AG are acting as underwriters. The offering is part of NIO's growth strategy as it aims to lead in the smart electric vehicle market. The shares will be offered under a registration statement with the SEC, and the company emphasizes it will not sell shares unlawfully in any jurisdiction.
Potential Positives
- NIO is proposing an Equity Offering of up to 181,818,190 Class A ordinary shares, indicating a strategic move to raise capital for expansion and innovation.
- The proceeds from the offering are planned to be used for significant developments in research, technology, and infrastructure, enhancing the company’s position in the smart electric vehicle market.
- The engagement of reputable underwriters such as Morgan Stanley, UBS, and Deutsche Bank for the offering may enhance investor confidence in the company's financial strategy.
Potential Negatives
- The announcement of a significant equity offering might dilute existing shareholders' equity, leading to potential dissatisfaction among investors.
- The uncertainty surrounding the completion of the equity offering could create a lack of confidence among investors and stakeholders.
- The use of proceeds from the equity offering for research and development, while necessary, may raise concerns regarding the company's current financial stability and the perceived need for additional funding.
FAQ
What is NIO's proposed Equity Offering?
NIO's proposed Equity Offering includes up to 181,818,190 Class A ordinary shares and American depositary shares (ADSs).
How will the proceeds from the Equity Offering be used?
NIO plans to use the proceeds for research and development, expanding its battery and charging network, and general corporate purposes.
Who are the underwriters for the Equity Offering?
The underwriters include Morgan Stanley Asia Limited, UBS Securities LLC, and Deutsche Bank AG, among others.
What is the registration status of the Equity Offering?
The offering is under the Company's shelf registration statement filed with the SEC, effective since May 21, 2024.
Where can I find more information about the Equity Offering?
Information is available on the SEC website and through the prospectus obtained from the underwriters' offices.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NIO Hedge Fund Activity
We have seen 137 institutional investors add shares of $NIO stock to their portfolio, and 243 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MORGAN STANLEY removed 10,753,162 shares (-51.6%) from their portfolio in Q2 2025, for an estimated $36,883,345
- BANK OF AMERICA CORP /DE/ removed 9,171,227 shares (-72.8%) from their portfolio in Q2 2025, for an estimated $31,457,308
- D. E. SHAW & CO., INC. removed 8,606,248 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $29,519,430
- MILLENNIUM MANAGEMENT LLC removed 6,818,510 shares (-99.9%) from their portfolio in Q2 2025, for an estimated $23,387,489
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 6,562,689 shares (-61.4%) from their portfolio in Q2 2025, for an estimated $22,510,023
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 5,273,426 shares (-99.2%) from their portfolio in Q2 2025, for an estimated $18,087,851
- UBS GROUP AG removed 4,807,962 shares (-6.4%) from their portfolio in Q2 2025, for an estimated $16,491,309
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$NIO Analyst Ratings
Wall Street analysts have issued reports on $NIO in the last several months. We have seen 2 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- JP Morgan issued a "Overweight" rating on 08/26/2025
- Barclays issued a "Underweight" rating on 06/04/2025
- Citigroup issued a "Buy" rating on 03/24/2025
To track analyst ratings and price targets for $NIO, check out Quiver Quantitative's $NIO forecast page.
$NIO Price Targets
Multiple analysts have issued price targets for $NIO recently. We have seen 7 analysts offer price targets for $NIO in the last 6 months, with a median target of $6.5.
Here are some recent targets:
- Dmitriy Pozdnyakov from Freedom Capital Markets set a target price of $6.5 on 09/04/2025
- Vijay Rakesh from Mizuho set a target price of $6.0 on 09/03/2025
- Ming Hsun Lee from B of A Securities set a target price of $7.1 on 09/03/2025
- Nick Lai from JP Morgan set a target price of $8.0 on 08/26/2025
- Jiong Shao from Barclays set a target price of $3.0 on 06/04/2025
- Tina Hou from Goldman Sachs set a target price of $3.9 on 04/24/2025
- Jeff Chung from Citigroup set a target price of $8.1 on 03/24/2025
Full Release
SHANGHAI, Sept. 10, 2025 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced a proposed offering (the “Equity Offering”) relating to a total of up to 181,818,190 Class A ordinary shares of the Company, which consists of an offering of American depositary shares (“ADSs”), each representing one Class A ordinary share of the Company (the “ADS Offering”) and an offering of Class A ordinary shares (the “Ordinary Share Offering”). The ADSs and/or Class A ordinary shares offered in the Equity Offering will be allocated between the ADS Offering and the Ordinary Share Offering based on investor interests.
The Company intends to grant the underwriters in the Equity Offering a 30-day option to purchase up to an additional 27,272,729 ADSs, which, if exercised, will be settled solely in ADSs.
The Company currently plans to use the net proceeds from the Equity Offering to invest in the research and development of core technologies for smart electric vehicles, develop future technology platforms and vehicle models across its brands, expand its battery swapping and charging network, further strengthen its balance sheet, and for general corporate purposes.
Morgan Stanley Asia Limited, UBS Securities LLC, UBS AG Hong Kong Branch and Deutsche Bank AG, Hong Kong Branch are acting as representatives for the underwriters for the Equity Offering.
The ADSs and Class A ordinary shares will be offered under the Company’s shelf registration statement on Form F-3 which was filed with the Securities and Exchange Commission (the “SEC”) and automatically became effective on May 21, 2024. A preliminary prospectus supplement related to the proposed Equity Offering has been filed with the SEC. The registration statement on Form F-3 and the preliminary prospectus supplement are available at the SEC website at: http://www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained from (1) Morgan Stanley Asia Limited, c/o Morgan Stanley & Co. LLC, 180 Varick Street, New York, New York 10014, Attention: Prospectus Department; (2) UBS Securities LLC, 1285 Avenue of the Americas, New York, NY 10019, Attention: Prospectus Department; and (3) Deutsche Bank AG, Hong Kong Branch, Level 60, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong.
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
This press release contains information about the pending offering of the Company’s securities, and there can be no assurance that the Equity Offering will be completed.
About NIO Inc.
NIO Inc. is a pioneer and a leading company in the global smart electric vehicle market. Founded in November 2014, NIO aspires to shape a sustainable and brighter future with the mission of “Blue Sky Coming”. NIO envisions itself as a user enterprise where innovative technology meets experience excellence. NIO designs, develops, manufactures and sells smart electric vehicles, driving innovations in next-generation core technologies. NIO distinguishes itself through continuous technological breakthroughs and innovations, exceptional products and services, and a community for shared growth. NIO provides 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.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. NIO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in announcements, circulars or other publications made on the websites of each of The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIO’s beliefs, plans, expectations, the proposed offering and intended use of proceeds, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIO’s strategies; NIO’s future business development, financial condition and results of operations; NIO’s ability to develop and manufacture vehicles of sufficient quality and appeal to customers on schedule and on a large scale; its ability to ensure and expand manufacturing capacities including establishing and maintaining partnerships with third parties; its ability to provide convenient and comprehensive power solutions to its customers; the viability, growth potential and prospects of the battery swapping, BaaS, and NIO Assisted and Intelligent Driving and its subscription services; its ability to improve the technologies or develop alternative technologies in meeting evolving market demand and industry development; NIO’s ability to satisfy the mandated safety standards relating to motor vehicles; its ability to secure supply of raw materials or other components used in its vehicles; its ability to secure sufficient reservations and sales of its vehicles; its ability to control costs associated with its operations; its ability to build its current and future brands; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIO’s filings with the SEC and the announcements and filings on the websites of each of the SEHK and SGX-ST. All information provided in this press release is as of the date of this press release, and NIO does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For more information, please visit: http://ir.nio.com
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