NIO-SW (09866) subsidiary finalized the agreement for an investment of 22.57 billion RMB.

NIO-SW (09866) announced on February 26, 2026 - NIO Group (NYSE: NIO; HKEX: 09866; SSE: NIO), a pioneer and leader in the global smart electric vehicle market, announced that the company and its subsidiary GeniTech Co., Ltd. have entered into a final agreement with several Chinese investors (GeniTech Investors), under which the GeniTech Investors will subscribe for new issued shares of GeniTech totaling RMB 2.257 billion in cash (investment transaction). GeniTech is mainly responsible for NIO's intelligent driving chip business. The investment transaction is subject to customary closing conditions. After the investment transaction is completed, a NIO subsidiary will continue to hold 62.7% of GeniTech's controlling shares, and NIO will continue to consolidate its financial performance. The GeniTech Investors will collectively hold 27.3% of GeniTech's shares. Entities holding shares for the management of GeniTech's share incentive plan will collectively hold the remaining 10.0% of GeniTech's shares. NIO Group is a pioneer and leader in the global smart electric vehicle market. Established in November 2014, NIO is committed to co-creating a sustainable and better future, fulfilling its mission of "Blue Sky Coming." NIO's vision is to become a user enterprise leading in technology and experience. NIO designs, develops, manufactures, and sells smart electric vehicles, driving innovation in next-generation core technologies. NIO stands out through continuous technological breakthroughs and innovations, exceptional products and services, and a growing community. The NIO brand focuses on high-end smart electric vehicles, the Littledoe brand focuses on family smart electric vehicles, and the Firefly brand offers smart electric high-end small cars.