SHANGHAI, China, Aug. 26, 2022 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a number one firm within the premium good electrical automobile market, at this time offered an replace on the standing of the beforehand introduced impartial inside evaluation. As beforehand disclosed, shortly after the publication of a report issued by the short-seller agency Grizzly Research LLC on June 28, 2022 (the “Short Seller Report”), an impartial committee of the board of administrators (the “Independent Committee”), consisting of impartial administrators Mr. Denny Ting Bun Lee, Mr. Hai Wu, and Ms. Yu Long, was shaped to supervise an impartial inside evaluation concerning the important thing allegations made within the Short Seller Report (the “Internal Review”). The Internal Review was carried out by the Independent Committee with the help of third-party skilled advisors together with a world legislation agency and forensic accounting consultants from a well-regarded forensic accounting agency that isn’t the Company’s auditor. The Internal Review is now considerably full. Based on findings of the Internal Review, the Independent Committee has concluded that these allegations weren’t substantiated.
About NIO Inc.
NIO Inc. is a pioneer and a number one firm within the premium good electrical automobile market. Founded in November 2014, NIO’s mission is to form a joyful way of life. NIO goals to construct a group beginning with good electrical automobiles to share pleasure and develop along with customers. NIO designs, develops, collectively manufactures and sells premium good electrical automobiles, driving improvements in next-generation applied sciences in autonomous driving, digital applied sciences, electrical powertrains and batteries. NIO differentiates itself by means of its steady technological breakthroughs and improvements, corresponding to its industry-leading battery swapping applied sciences, Battery as a Service, or BaaS, in addition to its proprietary autonomous driving applied sciences and Autonomous Driving as a Service, or ADaaS. NIO’s product portfolio consists of the ES8, a six- or seven-seater flagship premium good electrical SUV, the ES7, a mid-large five-seater premium good electrical SUV, the ES6, a five-seater high-performance premium good electrical SUV, the EC6, a five-seater premium good electrical coupe SUV, the ET7, a flagship premium good electrical sedan, and the ET5, a mid-size premium good electrical sedan.
Safe Harbor Statement
This press launch comprises statements that will represent “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements might be recognized by terminology corresponding to “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and comparable statements. NIO may additionally make written or oral forward-looking statements in its periodic experiences to the U.S. Securities and Exchange Commission, in its annual report back to shareholders, in bulletins, circulars or different publications made on the web sites of every of The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”), in press releases and different written supplies and in oral statements made by its officers, administrators or staff to 3rd events. Statements that aren’t historic information, together with statements about NIO’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements contain inherent dangers and uncertainties. A quantity of elements may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: NIO’s methods; NIO’s future business growth, monetary situation and outcomes of operations; NIO’s capability to develop and manufacture a automobile of enough high quality and enchantment to prospects on schedule and on a big scale; its capability to make sure and increase manufacturing capacities together with establishing and sustaining partnerships with third events; its capability to offer handy and complete energy options to its prospects; the viability, development potential and prospects of the newly launched BaaS and ADaaS; its capability to enhance the applied sciences or develop different applied sciences in assembly evolving market demand and {industry} growth; NIO’s capability to fulfill the mandated security requirements regarding motor automobiles; its capability to safe provide of uncooked supplies or different elements utilized in its automobiles; its capability to safe enough reservations and gross sales of the ES8, ES7, ES6, EC6, ET7 and ET5; its capability to manage prices related to its operations; its capability to construct the NIO model; normal financial and business circumstances globally and in China and assumptions underlying or associated to any of the foregoing. Further data concerning these and different dangers is included in NIO’s filings with the U.S. Securities and Exchange Commission and the bulletins and filings on the web sites of every of the SEHK and SGX-ST. All data offered on this press launch is as of the date of this press launch, and NIO doesn’t undertake any obligation to replace any forward-looking assertion, besides as required below relevant legislation.
For extra data, please go to: http://ir.nio.com
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