The quarterly total income reached 6641 RMB1 million (1$ 017) 8 million) iQuarterly Shipments of the ES8, ES6, and EC6 totaled 17353 vehicles The total sales for the whole year reached 16257 RMB9 million (2nd$ 491) 6 million) year-round shipments of the ES8, ES6, and EC6 were 43728 vehicles

SHANGHAI, China, 1 March 2021 (GLOBE NEWSWIRE) – NIO Inc (“NIO” or the “Company”) (NYSE: NIO), a pioneer in the Chinese premium smart electric vehicle market, today announced its unaudited financial results for the fourth quarter and December 31st December 2020 ending full year known

“NIO completed a transformation in 2020 with a new quarterly delivery record of 17353 vehicles in the fourth quarter of 2020 onwards The strong momentum continued in 2021 when we saw a historic monthly delivery of 7225 vehicles and a resilient delivery of 5 in February578 vehicles reached, which is a strong growth of 352% respectively 689% year-on-year, “said William Bin Li, Founder, Chairman and Managing Director of NIO.” Supported by competitive product offerings, outstanding services and innovative business models, we have gained increasing recognition from our users and expect to see 2021 in the first quarter of 2021000 to 20500 vehicles to be delivered ”

“On our fourth NOK day on 9 January 2021 we unveiled the ET7, our first flagship sedan due to its world-class dimensions, sophisticated design, superior driving performance and industry leading AD capabilities, ET7 has received remarkable feedback from users, the media and the industry ET7 is also with the latest in-house NIO Autonomous Driving (NAD) powered by NIO supported by NIO Aquila Super Sensing and NIO Adam Super Computing NAD is offered through a monthly subscription service or AD as a Service (ADaaS) We owe our 2020 successes to our loyal and supportive user community and will remain committed to our vision of building a community that starts with smart electric vehicles, where we share joy and grow together with users, ”concluded Mr. Li

“Our solid performance in 2020 was strong evidence of NIO’s relentless strength and unwavering support from our users. With steadily increasing shipments, a stable average selling price, an improvement in material costs and manufacturing efficiency, our vehicle margin hit 172% in the fourth Quarter In addition, we achieved positive cash flow from operating activities in the fourth quarter and throughout fiscal 2020, ”added Wei Feng, Chief Financial Officer of NIO,“ Looking ahead, based on our continuous technological innovation, strengthening financial performance and unwavering determination to achieve the best user experience, we are confident the company will be competitive in the long term, and will continue to invest resolutely and efficiently in products, core technologies, and user service ”

Operating costs

This business outlook reflects the company’s current and preliminary assessment of the business and market conditions, which are subject to change

Management of the company will hold a conference call on the outcome at 8:00 p.m. Eastern Time on Jan. March 2021 (9:00 a.m. Beijing / Hong Kong Time on 2 March 2021) to discuss financial results and answer questions from investors and analysts

A live and archived webcast of the conference call will be available on the company’s Investor Relations website at https: // irniocom / news-events / events

For participants who would like to attend the conference using dial-in numbers, please register in advance using the link below and dial in 10 minutes before the call.The direct event passcode and unique registrant ID will be sent to the Registration specified

A recording of the conference call will be available approximately two hours after the live call is completed on the following numbers by 9 am Available by phone on March 25, 2021, 7:59 a.m. ET:

NIO Inc is a pioneer in China’s premium smart electric vehicle market NIO was founded in November 2014 with a goal of creating a happy lifestyle. NIO wants to build a community that starts with smart electric vehicles to share joy and with users to grow NIO jointly develops, manufactures and distributes intelligent premium electric vehicles and drives innovation in next generation technologies in the areas of connectivity, autonomous driving and artificial intelligence NIO is redefining the user experience and providing users with comprehensive and convenient power solutions that use battery as a service ( BaaS), NIO Pilot and NIO Autonomous Driving (NAD), Autonomous Driving as a Service (ADaaS) and other user-centric services NIO began shipping the ES8, a 7-seater flagship premium electric SUV in China in June 2018 , and its variant, the 6-seater ES8, NIO in March 2019 b officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and started shipping the ES6 in June 2019 NIO brought the EC6, a 5-seater premium electric vehicle, in December 2019 -Coupé SUV, officially launched and started delivering the EC6 on September 9, 2020 On January 1st, 2021, NIO ET7, the smart electric flagship sedan and the first autonomous driving model from NIO, was officially launched

This press release contains statements that may constitute “forward-looking” statements under the safe harbor of the US Private Securities Litigation Reform Act of 1995 These forward-looking statements may be expressed by terms such as “will,” “expectation,” “anticipation,” “goals,” “future,” “intentions,” “plans,” “beliefs,” “estimates” and “likely” to be identified “to” and similar statements NIO may also make forward-looking statements, whether written or oral, in its periodic reports to the U. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written documents, 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 and expectations , 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 forward-looking statements, including, but not limited to: NIO’s strategies; NIO’s future business development, financial position and results of operations; NIO’s ability to design and manufacture a car of sufficient quality and to address customers on time and on a large scale; its ability to expand production in collaboration with partners; its ability to provide convenient charging solutions to its customers; the viability, growth potential and prospects of the newly introduced BaaS and ADaaS; NIO’s ability to meet mandatory automotive safety standards; its ability to secure supplies of raw materials or other components used in its vehicles; its ability to ensure adequate reservations and sales of the ES8, ES6, EC6, and ET7; its ability to control the costs associated with its business; its ability to build the NIO brand; General economic and business conditions worldwide and in China and assumptions underlying or related to the foregoing Further information on these and other risks can be found in NIO’s filings with the SEC. All information contained in this press release is as of the date of this press release, and NIO assumes no obligation to update any forward-looking statements unless required by applicable law

The company uses non-GAAP measures such as Adjusted Cost of Sales (Non-GAAP), Adjusted Research and Development Expenses (Non-GAAP), Adjusted Selling, General, and Administrative Expenses (Non-GAAP), and Adjusted Loss from Operating Activities (Non -GAAP), Adjusted Net Loss (Non-GAAP), Adjusted Net Loss of Common Stockholders (Non-GAAP), Adjusted Basic and Diluted Net Loss per Share (Non-GAAP), and Adjusted Basic and Diluted Net Loss per Share (Non-GAAP) at the Evaluating its results of operations and for financial and operational decision-making purposes.By eliminating the impact of share-based compensation expenses and accruals on repayable non-controlling interests on the redemption value, the Company believes that the non-GAAP financial measures will help determine underlying trends in its business identify and overall understanding of past performance and Company’s performance to improve future prospects The company also believes that its non-GAAP financial metrics will provide greater visibility into key metrics that the company’s management uses in its financial and operational decisions

The non-GAAP financial ratios are not presented in accordance with US GAAP and may differ from non-GAAP accounting policies used by other companies. Non-GAAP financial measures are subject to limitations as an analytical tool In assessing the company’s operating performance, investors should not view it in isolation or as a substitute for net losses or other consolidated statements of comprehensive loss data prepared in accordance with US GAAP The company encourages investors and others to fully review their financial information and not rely on a single financial measure

The company is mitigating these limitations by balancing non-GAAP financial metrics with the most comparable US GAAP Performance Measures All Of Which Should Be Considered When Evaluating Company Performance

For more information on the non-GAAP financial measures, see the table entitled “Unaudited Reconciliation of GAAP and Non-GAAP Results” at the end of this press release

This announcement contains translations of certain renminbi amounts to US. Dollars at fixed rates for the convenience of the reader only Unless otherwise noted, all translations from Renminbi to US. Dollars were made at the rate of RMB65250 to US $ 1.0000 which ended on Dec. 10, 2020 Federal Reserve Board Statistical Publication The Company makes no representations that the Renminbi or US. The dollar amounts given could be converted into US Dollars or renminbi, as the case may be, at a certain rate or at all

The unaudited financial information in this release of results is preliminary and is subject to possible adjustments.Adjustments to the consolidated financial statements can be determined if audit work was carried out for the annual audit of the company that could lead to significant deviations from this preliminary unaudited financial information

i All conversions from RMB to USD for the fourth quarter and full year 2020 were made using 6 RMB5250 to 1 US dollar00, which ended on Dec. December 2020 at the H midday purchase rate10 Federal Reserve Board statistical release

ii ​​Vehicle margin is the margin of vehicle sales calculated on the basis of revenue and cost of sales derived only from sales of new vehicles

iv Except for Gross Margin and Vehicle Margin, where absolute changes are calculated instead of percentage changes


World News – CA – NIO Inc Reports of unaudited financial results for the fourth quarter and full year 2020