NIO Inc. Announces Appointment of Independent Director

SHANGHAI, China, July 12, 2021 (World NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE:

SHANGHAI, China, July 12, 2021 (World NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer and a foremost company of high quality sensible electric powered automobiles in China, currently introduced that Ms. Yu Extended has been appointed as a new impartial director to the Company’s board of administrators (the “Board”), successful July 12, 2021. Ms. Long will also serve as a member and the chairperson of the nominating and corporate governance committee of the Board although Mr. William Bin Li, the Company’s founder, chairman of the Board and chief govt officer, will resign from the nominating and corporate governance committee of the Board, effective straight away.

“We are delighted to welcome Ms. Very long to the Board of NIO. With her exceptional keep track of report of investing in technologies and web corporations, coupled with extraordinary insights in shopper merchandise and world markets, Ms. Prolonged provides unique views to the Board as we carry on to commit to technological know-how growth and holistic consumer expertise,” stated William Bin Li, “She shares our eyesight of creating a user enterprise and we have complete self confidence that Ms. Extensive will lead sizeable worth to the Board. I’m wanting forward to working with her to attain our mission of shaping a joyful life-style for our buyers.”

Ms. Extensive at this time serves as the Founding and Handling Associate of BAI Cash. She also serves as a member of Bertelsmann Team Management Committee and the governor of China Venture Funds and Private Equity Affiliation Limited. Previously, Ms. Prolonged was the chief govt officer of Bertelsmann China Company Middle and the controlling husband or wife of Bertelsmann Asia Investments. Prior to that, she was a Principal at Bertelsmann Digital Media Investments. She joined the worldwide media, solutions and schooling company via the Bertelsmann Business people System in 2005. Ms. Extended is a member of the World Financial Forum’s Younger Worldwide Leaders Advisory Council and its Global Agenda Council on the Future of Media, Leisure & Facts and is also a member of the Stanford Graduate School of Business enterprise Advisory Council. Ms. Lengthy serves on the board of directors and as a member of the audit committee of Tapestry Inc. (NYSE: TPR, its portfolio incorporates Coach, Stuart Weitzman and Kate Spade) and LexinFintech Holdings Ltd. (Nasdaq: LX), respectively. Ms. Extended gained a bachelor’s degree in electrical engineering from College of Electronic Science and Technologies in China and an MBA from Stanford Graduate College of Business.

About NIO Inc.

NIO Inc. is a pioneer and a main producer of top quality wise electrical automobiles in China. Founded in November 2014, NIO’s mission is to shape a joyful life-style. NIO aims to build a neighborhood beginning with wise electric powered vehicles to share joy and develop alongside one another with users. NIO models, develops, jointly manufactures and sells high quality good electric powered motor vehicles, driving improvements in next-generation technologies in autonomous driving, digital systems, electric powertrains and batteries. NIO differentiates by itself via its continual technological breakthroughs and innovations, this sort of as its sector-leading battery swapping systems, Battery as a Services, or BaaS, as effectively as its proprietary autonomous driving technologies and Autonomous Driving as a Assistance, or ADaaS. NIO released the ES8, a seven-seater flagship quality sensible electrical SUV in December 2017, and commenced deliveries of the ES8 in June 2018 and its variant, the six-seater ES8, in March 2019. NIO launched the ES6, a five-seater large-effectiveness quality clever electric powered SUV, in December 2018, and started deliveries of the ES6 in June 2019. NIO introduced the EC6, a 5-seater top quality clever electric coupe SUV, in December 2019, and began deliveries of the EC6 in September 2020. NIO introduced the ET7, a flagship premium wise electric powered sedan, in January 2021.

Safe Harbor Statement

This push release consists of statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These ahead-searching statements can be recognized by terminology these as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and very similar statements. NIO might also make created or oral ahead-wanting statements in its periodic stories to the U.S. Securities and Trade Fee, in its yearly report to shareholders, in press releases and other created materials and in oral statements manufactured by its officers, directors or workers to 3rd events. Statements that are not historic info, which include statements about NIO’s beliefs, plans and anticipations, are ahead-on the lookout statements. Ahead-seeking statements include inherent challenges and uncertainties. A quantity of variables could induce real outcomes to differ materially from these contained in any ahead-on the lookout assertion, which include but not limited to the following: NIO’s methods NIO’s upcoming business enhancement, money problem and outcomes of operations NIO’s ability to establish and manufacture a car of enough excellent and appeal to shoppers on agenda and on a significant scale its ability to guarantee and develop production capacities like creating and maintaining partnerships with third functions its potential to deliver convenient and detailed electricity options to its clients the viability, advancement possible and potential clients of the freshly launched BaaS and ADaaS its potential to enhance the technologies or build option systems in meeting evolving market place need and business advancement NIO’s means to fulfill the mandated protection requirements relating to motor autos its skill to protected source of uncooked supplies or other parts applied in its cars its means to protected sufficient reservations and product sales of the ES8, ES6, EC6 and ET7 its skill to handle costs involved with its operations its capability to build the NIO brand name typical financial and small business circumstances globally and in China and assumptions fundamental or associated to any of the foregoing. Additional details concerning these and other threats is included in NIO’s filings with the SEC. All facts provided in this push release is as of the day of this push release, and NIO does not undertake any obligation to update any forward-looking assertion, other than as essential beneath applicable legislation.

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For trader and media inquiries, you should call:

NIO Inc.
Investor Relations
Tel: +86-21-6908-2018
E mail: [email protected]

Source: NIO