SHANGHAI, Feb. 26, 2026 — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and leader in the global smart electric vehicle market, today announced that it, along with its subsidiary GeniTech Co., Ltd. (“Shenji”), has entered into definitive agreements with a group of investors in China (the “Shenji Investors”). Under these agreements, the Shenji Investors will make a combined cash investment of RMB2.257 billion to subscribe for newly issued shares of Shenji (the “Investment Transaction”). Shenji is principally in charge of NIO’s intelligent-driving chip business. The Investment Transaction is contingent upon standard closing conditions. Following its completion, a NIO subsidiary will retain a controlling equity stake of 62.7% in Shenji, and NIO will continue to consolidate Shenji’s financials. The Shenji Investors will together hold a 27.3% equity interest in Shenji. Entities holding shares for administering Shenji’s share incentive plan will collectively own the remaining 10.0% equity interest.
About NIO Inc.
NIO Inc. is a pioneer and a leading company in the global smart electric vehicle market. Established in November 2014, NIO is driven by the mission “Blue Sky Coming” to create a sustainable and brighter future. The company sees itself as a user-centric enterprise that blends innovative technology with superior experiences. NIO designs, develops, manufactures, and sells smart electric vehicles, while advancing innovations in next-generation core technologies. It sets itself apart through ongoing technological breakthroughs, outstanding products and services, and a community focused on shared growth. NIO offers premium smart electric vehicles under the NIO brand, family-oriented smart electric vehicles via the ONVO brand, and small, smart, high-end electric cars under the FIREFLY brand.
Safe Harbor Statement
This press release includes statements that may be considered “forward-looking” under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar expressions identify these forward-looking statements. NIO may also issue written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), its annual report to shareholders, announcements and other publications on the websites 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 by its officers, directors, or employees to third parties. Statements that are not historical facts, including those regarding NIO’s beliefs, plans, and expectations, are forward-looking. Such statements involve inherent risks and uncertainties. Numerous factors could cause actual outcomes to differ materially from those in any forward-looking statement, including but not limited to: NIO’s strategies; its future business development, financial condition, and operational results; its capability to develop and manufacture vehicles of adequate quality and appeal on schedule and at scale; its ability to secure and expand manufacturing capacity, including through forming and maintaining third-party partnerships; its capacity to offer customers convenient and comprehensive power solutions; the viability, growth potential, and prospects of its battery swapping, BaaS, NIO Assisted and Intelligent Driving, and related subscription services; its ability to enhance technologies or create alternatives to meet changing market demands and industry developments; NIO’s compliance with mandated motor vehicle safety standards; its success in securing supplies of raw materials and components for its vehicles; its ability to obtain sufficient vehicle reservations and sales; its capacity to manage operational costs; its efforts to build its present and future brands; and general economic and business conditions globally and in China, along with assumptions related to the aforementioned factors. Additional details on these and other risks are available in NIO’s filings with the SEC and in announcements and filings on the SEHK and SGX-ST websites. All information in this press release is current as of its release date, and NIO assumes no duty to update any forward-looking statement, except as mandated by applicable law.
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