Report of Foreign Issuer (6-k)
18 September 2020 - 8:08PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2020
Commission File Number: 001-38638
NIO Inc.
(Registrant’s Name)
Building 20, 56 Antuo Road
Jiading District, Shanghai 201804
People’s Republic of China
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will
file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
NIO to Partially Redeem Equity Interest
NIO China from Investors
NIO Inc. (“NIO” or the “Company”) has
agreed to redeem 8.6% equity interests in NIO (Anhui) Holding Co., Ltd. (“NIO Anhui”), the legal entity of NIO China.
In April 2020, the Company entered into definitive agreements
with a group of investors in Hefei (collectively, the “Hefei Strategic Investors”) in connection with the strategic
investments into NIO China. Under these definitive agreements, as amended and supplemented, before NIO Anhui is converted into
a company limited by shares for the purpose of its qualified IPO, the Company and its designated parties have the right to redeem
50% of the equity interests in NIO Anhui held by the Jianheng New Energy Fund, one of the Hefei Strategic Investors.
On September 16, 2020, NIO Nextev Limited (“NIO Nextev”),
on behalf of NIO, entered into a share transfer agreement with Jianheng New Energy Fund, pursuant to which NIO Nextev will redeem
from Jianheng New Energy Fund 50% of the equity interests in NIO Anhui currently held by the Jianheng New Energy Fund, which accounts
for 8.6% equity interests in NIO Anhui. The total consideration of the redemption will be RMB511.5 million, consisting of the actual
capital increase payment Jianheng New Energy Fund has made plus prorated interest accrued at an interest rate of 10% per annum.
Pursuant to the cash injection schedule in the definitive agreements, the remaining RMB 2 billion payable by Jianheng New Energy
in connection with its cash contribution obligation, corresponding to 6.9% of the equity interests in NIO Anhui, has yet become
due as of the date of the share transfer agreement. The Company will assume such cash contribution obligation after the share redemption
is completed. As previously disclosed, the Company will apply a portion of the proceeds from its offering of American depositary
shares in August 2020 to pay for the redemption and cash contribution. Upon the completion of the share redemption, the Company
will hold an aggregate of 84.5% controlling equity interests in NIO China. Further, the Company has approved to change the name
of NIO (Anhui) Holding Co., Ltd. to NIO Holding Co., Ltd.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
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NIO Inc.
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By
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:
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/s/ Wei Feng
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Name
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Wei Feng
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Title
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Chief Financial Officer
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Date: September 18, 2020
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