NIO Inc. Responds to U.S. Department of Defense "Chinese Military Companies" List

NIO Inc. has been added to the U.S. Department of Defense "Chinese Military Companies" list. The company believes this inclusion is unjustified, stating it is not a Chinese military company or a contributor to the Chinese defense industrial base. NIO emphasizes that the list does not impose sanctions or restrict business operations or securities transactions. The company plans to proactively engage with the U.S. Department of Defense to rectify this, including potential legal action, to safeguard shareholder interests. NIO is a global smart electric vehicle market pioneer, founded in 2014, aiming to create a sustainable future with innovative technology and user experience. The company designs, develops, manufactures, and sells smart electric vehicles under various brands, including NIO, ONVO, and FIREFLY, and is committed to technological breakthroughs and customer service.