Benzinga · 2020-01-15 19:09

NIO Inc. (“NIO” or the “Company”) (NYSE:NIO) is a pioneer in China’s premium electric vehicle market. In view of the unusual market activity in the Company's American Depositary Shares (ADS) today and in accordance with its usual practice, the New York Stock Exchange has contacted the Company. The Company responded that it has explored financing and strategic opportunities with Guangzhou Automobile Group, and all commercial discussion remains preliminary and no definitive agreement has been entered into between the parties. Therefore, the Company will not comment on market speculations. The Company will, consistent with applicable laws and listing rules and best corporate practice, announce any material information or business development promptly when required.