NIO Inc. Class Action Submission Form

Company: NIO Inc.

Ticker: (NYSE) NIO

Deadline

Passed

Lead Plaintiff Deadline: October 24, 2022

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Allegations

(1) NIO pulled forward revenue by selling batteries to a related party, which owned the batteries and managed users’ subscriptions; (2) through the related party, NIO also recognized enormous depreciation savings; (3) as a result of the foregoing, the Company’s revenue and net loss were overstated; and (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.