NIO Inc. American depositary shares, each representing one - NIO STOCK NEWS

NIO Inc. has announced a record-breaking performance in November 2021, delivering 10,878 vehicles, representing a remarkable 105.6% year-over-year growth. Year-to-date deliveries have reached 80,940 vehicles, marking an increase of 120.4% year-over-year. Cumulative deliveries of the ES8, ES6, and EC6 reached 156,581 vehicles by November 30, 2021. This surge highlights NIO's ongoing commitment to enhancing its presence in the premium smart electric vehicle market.

NIO Inc. (NYSE: NIO) has successfully completed its At-The-Market Offering of American depositary shares (ADSs), selling 53,292,401 ADSs and securing gross proceeds of US$2 billion. After deducting approximately US$26 million in commissions and offering expenses, the net proceeds will be used to bolster the company's balance sheet and for general corporate purposes. This strategic move aims to enhance NIO's financial stability amidst the growth of its premium smart electric vehicle market.

NIO Inc. announced its Q3 2021 financial results, reporting total revenues of RMB9,805.3 million (US$1,521.8 million), up 116.6% year-over-year and 16.1% sequentially. Vehicle deliveries reached 24,439, a 100.2% increase from Q3 2020. Vehicle sales stood at RMB8,636.8 million (US$1,340.4 million), with a 102.4% year-over-year increase. However, the company recorded a net loss of RMB835.3 million (US$129.6 million), a 42.3% increase from the previous quarter. NIO expects Q4 deliveries between 23,500 and 25,500 vehicles. Cash reserves totaled RMB47.0 billion (US$7.3 billion).

NIO Inc. plans to report its third quarter 2021 unaudited financial results on November 9, 2021, after U.S. market closure. The earnings conference call is slated for 8:00 PM ET on the same day, with a live webcast available on NIO's investor relations website. Interested participants can register for dial-in access and replay options will be available post-call until November 18, 2021. NIO continues to lead in China’s premium smart electric vehicle market, leveraging innovations in battery swapping and autonomous driving technologies.

NIO delivered 3,667 vehicles in October 2021, a 27.5% year-over-year decline, attributed to production reductions from restructuring and manufacturing upgrades. Despite challenges, new orders hit an all-time high, indicating strong user demand. The October delivery comprised 218 ES8s, 2,528 ES6s, and 921 EC6s, with cumulative deliveries reaching 145,703. NIO's strategic focus on innovative technologies and community engagement underlines its position in China's premium electric vehicle market.

Sunnova Energy International Inc. (NYSE: NOVA) has appointed Mary Yang as an independent Class III director of its Board, effective October 13, 2021. Yang brings over 25 years of technology experience, enhancing the board's capabilities amid Sunnova's focus on software development and innovation. She has held significant roles in corporate development at NIO and Fortinet and currently serves as Chief Strategy Officer at Ciena. Her expertise is expected to contribute to the company's growth as a technology-enabled service provider.

NIO reported record deliveries for September 2021, achieving a total of 10,628 vehicles delivered, marking a 125.7% increase year-over-year. For the third quarter, NIO delivered 24,439 vehicles, reflecting a 100.2% year-over-year growth and surpassing its quarterly guidance. Cumulative deliveries of NIO’s models (ES8, ES6, EC6) reached 142,036 as of September 30, 2021. The company also opened its NIO House and initiated vehicle deliveries in Norway.

NIO Inc. (NYSE: NIO) has announced an at-the-market equity offering program to sell up to $2 billion of its American depositary shares (ADSs). The ADSs represent one Class A ordinary share of the company. Notable sales agents for this offering include Credit Suisse, Morgan Stanley, and Goldman Sachs. Proceeds from the offering are intended to strengthen the company’s balance sheet and for general corporate purposes. The offering is conducted under the shelf registration statement filed with the SEC, and further details can be found in the prospectus supplement.

NIO delivered 5,880 vehicles in August 2021, a 48.3% year-over-year increase. Despite a record number of new orders, the company revised its delivery forecast for Q3 2021 to 22,500 to 23,500 vehicles due to supply chain disruptions caused by the COVID-19 pandemic. August deliveries included 1,738 ES8s, 2,342 ES6s, and 1,800 EC6s. Cumulative deliveries reached 131,408 by August 31, 2021.