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 June 2022

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 annualreports under cover Form 20-F or Form 40-F.

Form 20-F  x      Form 40-F  ¨

Indicate bycheck mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Indicate bycheck mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

EXHIBIT INDEX

SIGNATURES

Pursuant to the requirements of the SecuritiesExchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: June 9, 2022

Exhibit 99.1

NIO Inc. Reports UnauditedFirst Quarter 2022 Financial Results  

Quarterly Total Revenuesreached RMB9,910.6 million (US$1,563.4 million) ⁱ

Quarterly Deliveries of the ES8, the ES6, theEC6 and the ET7 were 25,768 vehicles

SHANGHAI, China, June 9, 2022 (GLOBE NEWSWIRE)-- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in thepremium smart electric vehicle market, today announced its unaudited financial results for the first quarter ended March 31, 2022.

Operating Highlights for the First Quarterof 2022

Key Operating Results

Financial Highlights for the First Quarterof 2022

Key Financial Results  

(in RMB million, except for per ordinary share data and percentage)                        

Recent Developments

Deliveries in April and May 2022

Singapore Exchange Listing

CEO and CFO Comments

"We set new record-high quarterly deliveriesof 25,768 vehicles in the first quarter of 2022, and hit the milestone of exceeding 200,000 vehicle deliveries in May within fouryears since our first delivery," said William Bin Li, founder, chairman and chief executive officer of NIO. "Despite the volatilitiesof supply chain and the challenges in vehicle delivery resulting from the recent COVID-19 resurgence, we witnessed robust demand for ourcomplementary products and achieved an all-time high order inflow in May 2022. On April 29, 2022, the first batch of toolingtrial builds of the ET5 rolled off the production line at the new manufacturing plant at NeoPark in Hefei. We expect to start deliveryof the ET5 in September 2022. In addition, we will further enhance our product offering by introducing the ES7, a new mid-to-largefive-seater SUV based on NIO Technology 2.0 (NT2.0), in June and expect to start its delivery in late August," concluded Mr. Li.

"NIO successfully listed on the Main Boardof the Singapore Exchange Securities Trading Limited on May 20, 2022, further strengthening our footing in the global capital markets,"added Steven Wei Feng, chief financial officer of NIO. "To quickly recover from the COVID-19 impact and fulfill the growing marketdemand, we have been working closely with supply chain partners to ramp up the production capacity and accelerate the vehicle deliverysince the beginning of June. While making decisive investments in new products, technologies and businesses, we strive to continuouslyoptimize our cost structure, improve operating efficiency and create long-term value for our shareholders."

Financial Results for the First Quarterof 2022

Revenues

Cost of Sales and Gross Margin

Operating Expenses

Loss from Operations

Share-based Compensation Expenses

Net Loss and Earnings Per Share

Balance Sheets

Business Outlook

For the second quarter of 2022, the Company expects:

This business outlook reflects the Company ’ scurrent and preliminary view on the business situation and market condition, which is subject to change.

Conference Call

The Company ’ smanagement will host an earnings conference call at 8:00 AM U.S. Eastern Time on June 9, 2022 (8:00 PM Beijing/Hong Kong/SingaporeTime on June 9, 2022).

A live and archived webcast of the conferencecall will be available on the Company ’ s investor relations websiteat  https://ir.nio.com/news-events/events .

For participants who wish to join the conferenceusing dial-in numbers, please register in advance using the link provided below and dial in 10 minutes prior to the call. Direct Eventpasscode and unique registrant ID would be provided upon registering.

http://apac.directeventreg.com/registration/event/5756039

A replay of the conference call will be accessibleby phone approximately two hours after the conclusion of the live call at the following numbers, until June 16, 2022 09:59 AM ET:

About NIO Inc.

NIO Inc. is a pioneer and a leading company inthe premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aimsto build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, develops, jointly manufacturesand sells smart premium electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies,electric powertrains and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, suchas its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologiesand Autonomous Driving as a Service, or ADaaS. NIO launched the ES8, a seven-seater flagship premium smart electric SUV in December 2017,and began deliveries of the ES8 in June 2018 and its variant, the six-seater ES8, in March 2019. NIO launched the ES6, a five-seaterhigh-performance premium smart electric SUV, in December 2018, and began deliveries of the ES6 in June 2019. NIO launched theEC6, a five-seater premium smart electric coupe SUV, in December 2019, and began deliveries of the EC6 in September 2020. NIOlaunched the ET7, a flagship premium smart electric sedan, in January 2021, began deliveries of the ET7 in March 2022. NIO launchedthe ET5, a mid-size premium smart electric sedan, in December 2021.

Safe Harbor Statement

This press release contains statements that mayconstitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private SecuritiesLitigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. NIO may also make written or oral forward-looking statementsin its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in announcements, circularsor other publications made on the website of The Stock Exchange of Hong Kong Limited, in press releases and other written materials andin oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, includingstatements about NIO’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherentrisks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-lookingstatement, including but not limited to the following: NIO’s strategies; NIO’s future business development, financial conditionand results of operations; NIO’s ability to develop and manufacture a car of sufficient quality and appeal to customers on scheduleand on a large scale; its ability to ensure and expand manufacturing capacities including establishing and maintaining partnerships withthird parties; its ability to provide convenient and comprehensive power solutions to its customers; the viability, growth potential andprospects of the newly introduced BaaS and ADaaS; its ability to improve the technologies or develop alternative technologies in meetingevolving market demand and industry development; NIO’s ability to satisfy the mandated safety standards relating to motor vehicles;its ability to secure supply of raw materials or other components used in its vehicles; its ability to secure sufficient reservationsand sales of the ES8, ES6, EC6, ET7 and ET5; its ability to control costs associated with its operations; its ability to build the NIObrand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Furtherinformation regarding these and other risks is included in NIO’s filings with the U.S. Securities and Exchange Commission and TheStock Exchange of Hong Kong Limited. All information provided in this press release is as of the date of this press release, and NIO doesnot undertake any obligation to update any forward-looking statement, except as required under applicable law.

Non-GAAP Disclosure

The Company uses non-GAAP measures, such as adjusted cost of sales(non-GAAP), adjusted research and development expenses (non-GAAP), adjusted selling, general and administrative expenses (non-GAAP), adjustedloss from operations (non-GAAP), adjusted net loss (non-GAAP), adjusted net loss attributable to ordinary shareholders (non-GAAP), adjustedbasic and diluted net loss per share (non-GAAP) and adjusted basic and diluted net loss per ADS (non-GAAP), in evaluating its operatingresults and for financial and operational decision-making purposes. The Company defines adjusted cost of sales (non-GAAP), adjusted researchand development expenses (non-GAAP), adjusted selling, general and administrative expenses (non-GAAP), adjusted loss from operations (non-GAAP)and adjusted net loss (non-GAAP) as cost of sales, research and development expenses, selling, general and administrative expenses, lossfrom operations and net loss excluding share-based compensation expenses. The Company defines adjusted net loss attributable to ordinaryshareholders (non-GAAP), adjusted basic and diluted net loss per share (non-GAAP) and adjusted basic and diluted net loss per ADS (non-GAAP)as net loss attributable to ordinary shareholders, basic and diluted net loss per share and basic and diluted net loss per ADS excludingshare-based compensation expenses and accretion on redeemable non-controlling interests to redemption value. By excluding the impact ofshare-based compensation expenses and accretion on redeemable non-controlling interests to redemption value, the Company believes thatthe non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’spast performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility withrespect to key metrics used by the Company’s management in its financial and operational decision-making.

The non-GAAP financial measures are not presented in accordance withU.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measureshave limitations as analytical tools and when assessing the Company’s operating performance, investors should not consider themin isolation, or as a substitute for net loss or other consolidated statements of comprehensive loss data prepared in accordance withU.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financialmeasure.

The Company mitigates these limitations by reconciling the non-GAAPfinancial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’sperformance.

For more information on the non-GAAP financial measures, please seethe table captioned “Unaudited Reconciliation of GAAP and Non-GAAP Results” set forth at the end of this press release.

Exchange Rate

This announcement contains translations of certain Renminbi amountsinto U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from Renminbito U.S. dollars were made at the rate of RMB6.3393 to US$1.00, the noon buying rate in effect on March 31, 2022 in the H.10 statisticalrelease of the Federal Reserve Board. The Company makes no representation that the Renminbi or U.S. dollars amounts referred could beconverted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all.

Statement Regarding Preliminary Unaudited Financial Information

The unaudited financial information set out in this earnings releaseis preliminary and subject to potential adjustments. Adjustments to the consolidated financial statements may be identified when auditwork has been performed for the Company’s year-end audit, which could result in significant differences from this preliminary unauditedfinancial information.

For more information, please visit: http://ir.nio.com.

Investor Relations

ir@nio.com

Media Relations

global.press@nio.com

Source: NIO

NIO INC.

Unaudited Consolidated Balance Sheets

(All amounts in thousands)

NIO INC.

Unaudited Consolidated Balance Sheets

(All amounts in thousands)

NIO INC.

Unaudited Consolidated Statements of Comprehensive Loss

(All amounts in thousands, except for share and per share data)

NIO INC.

Unaudited Reconciliation of GAAP and Non-GAAP Results

(All amounts in thousands, except for share and per share data)

ⁱ All translations from RMB to USD for the first quarterof 2022 were made at the rate of RMB6.3393 to US$1.00, the noon buying rate in effect on March 31, 2022 in the H.10 statistical releaseof the Federal Reserve Board.

ⁱⁱ Vehicle margin is the margin of new vehicle sales, whichis calculated based on revenues and cost of sales derived from new vehicle sales only.

ⁱⁱⁱ Each ADS represents one ordinary share.

^iv Except for gross margin and vehicle margin, where absolutechanges instead of percentage changes are calculated.

Exhibit 99.1

NIO Inc. Reports Unaudited First Quarter 2022 Financial Results 

Quarterly Total Revenues reached RMB9,910.6 million (US$1,563.4 million)ⁱ

Quarterly Deliveries of the ES8, the ES6, the EC6 and the ET7 were 25,768 vehicles

SHANGHAI, China, June 9, 2022 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced its unaudited financial results for the first quarter ended March 31, 2022.

Operating Highlights for the First Quarter of 2022

Key Operating Results

Financial Highlights for the First Quarter of 2022

Key Financial Results  

(in RMB million, except for per ordinary share data and percentage)                        

Recent Developments

Deliveries in April and May 2022

Singapore Exchange Listing

CEO and CFO Comments

"We set new record-high quarterly deliveries of 25,768 vehicles in the first quarter of 2022, and hit the milestone of exceeding 200,000 vehicle deliveries in May within four years since our first delivery," said William Bin Li, founder, chairman and chief executive officer of NIO. "Despite the volatilities of supply chain and the challenges in vehicle delivery resulting from the recent COVID-19 resurgence, we witnessed robust demand for our complementary products and achieved an all-time high order inflow in May 2022. On April 29, 2022, the first batch of tooling trial builds of the ET5 rolled off the production line at the new manufacturing plant at NeoPark in Hefei. We expect to start delivery of the ET5 in September 2022. In addition, we will further enhance our product offering by introducing the ES7, a new mid-to-large five-seater SUV based on NIO Technology 2.0 (NT2.0), in June and expect to start its delivery in late August," concluded Mr. Li.

"NIO successfully listed on the Main Board of the Singapore Exchange Securities Trading Limited on May 20, 2022, further strengthening our footing in the global capital markets," added Steven Wei Feng, chief financial officer of NIO. "To quickly recover from the COVID-19 impact and fulfill the growing market demand, we have been working closely with supply chain partners to ramp up the production capacity and accelerate the vehicle delivery since the beginning of June. While making decisive investments in new products, technologies and businesses, we strive to continuously optimize our cost structure, improve operating efficiency and create long-term value for our shareholders."

Financial Results for the First Quarter of 2022

Revenues

Cost of Sales and Gross Margin

Operating Expenses

Loss from Operations

Share-based Compensation Expenses

Net Loss and Earnings Per Share

Balance Sheets

Business Outlook

For the second quarter of 2022, the Company expects:

This business outlook reflects the Company’s current and preliminary view on the business situation and market condition, which is subject to change.

Conference Call

The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on June 9, 2022 (8:00 PM Beijing/Hong Kong/Singapore Time on June 9, 2022).

A live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.nio.com/news-events/events.

For participants who wish to join the conference using dial-in numbers, please register in advance using the link provided below and dial in 10 minutes prior to the call. Direct Event passcode and unique registrant ID would be provided upon registering.

http://apac.directeventreg.com/registration/event/5756039

A replay of the conference call will be accessible by phone approximately two hours after the conclusion of the live call at the following numbers, until June 16, 2022 09:59 AM ET:

About NIO Inc.

NIO Inc. is a pioneer and a leading company in the premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, develops, jointly manufactures and sells smart premium electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS. NIO launched the ES8, a seven-seater flagship premium smart electric SUV in December 2017, and began deliveries of the ES8 in June 2018 and its variant, the six-seater ES8, in March 2019. NIO launched the ES6, a five-seater high-performance premium smart electric SUV, in December 2018, and began deliveries of the ES6 in June 2019. NIO launched the EC6, a five-seater premium smart electric coupe SUV, in December 2019, and began deliveries of the EC6 in September 2020. NIO launched the ET7, a flagship premium smart electric sedan, in January 2021, began deliveries of the ET7 in March 2022. NIO launched the ET5, a mid-size premium smart electric sedan, in December 2021.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. NIO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIO’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIO’s strategies; NIO’s future business development, financial condition and results of operations; NIO’s ability to develop and manufacture a car of sufficient quality and appeal to customers on schedule and on a large scale; its ability to ensure and expand manufacturing capacities including establishing and maintaining partnerships with third parties; its ability to provide convenient and comprehensive power solutions to its customers; the viability, growth potential and prospects of the newly introduced BaaS and ADaaS; its ability to improve the technologies or develop alternative technologies in meeting evolving market demand and industry development; NIO’s ability to satisfy the mandated safety standards relating to motor vehicles; its ability to secure supply of raw materials or other components used in its vehicles; its ability to secure sufficient reservations and sales of the ES8, ES6, EC6, ET7 and ET5; its ability to control costs associated with its operations; its ability to build the NIO brand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIO’s filings with the U.S. Securities and Exchange Commission and The Stock Exchange of Hong Kong Limited. All information provided in this press release is as of the date of this press release, and NIO does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Non-GAAP Disclosure

The Company uses non-GAAP measures, such as adjusted cost of sales (non-GAAP), adjusted research and development expenses (non-GAAP), adjusted selling, general and administrative expenses (non-GAAP), adjusted loss from operations (non-GAAP), adjusted net loss (non-GAAP), adjusted net loss attributable to ordinary shareholders (non-GAAP), adjusted basic and diluted net loss per share (non-GAAP) and adjusted basic and diluted net loss per ADS (non-GAAP), in evaluating its operating results and for financial and operational decision-making purposes. The Company defines adjusted cost of sales (non-GAAP), adjusted research and development expenses (non-GAAP), adjusted selling, general and administrative expenses (non-GAAP), adjusted loss from operations (non-GAAP) and adjusted net loss (non-GAAP) as cost of sales, research and development expenses, selling, general and administrative expenses, loss from operations and net loss excluding share-based compensation expenses. The Company defines adjusted net loss attributable to ordinary shareholders (non-GAAP), adjusted basic and diluted net loss per share (non-GAAP) and adjusted basic and diluted net loss per ADS (non-GAAP) as net loss attributable to ordinary shareholders, basic and diluted net loss per share and basic and diluted net loss per ADS excluding share-based compensation expenses and accretion on redeemable non-controlling interests to redemption value. By excluding the impact of share-based compensation expenses and accretion on redeemable non-controlling interests to redemption value, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’s past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.

The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company’s operating performance, investors should not consider them in isolation, or as a substitute for net loss or other consolidated statements of comprehensive loss data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance.

For more information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliation of GAAP and Non-GAAP Results” set forth at the end of this press release.

Exchange Rate

This announcement contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from Renminbi to U.S. dollars were made at the rate of RMB6.3393 to US$1.00, the noon buying rate in effect on March 31, 2022 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the Renminbi or U.S. dollars amounts referred could be converted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all.

Statement Regarding Preliminary Unaudited Financial Information

The unaudited financial information set out in this earnings release is preliminary and subject to potential adjustments. Adjustments to the consolidated financial statements may be identified when audit work has been performed for the Company’s year-end audit, which could result in significant differences from this preliminary unaudited financial information.

For more information, please visit: http://ir.nio.com.

Investor Relations

ir@nio.com

Media Relations

global.press@nio.com

Source: NIO

NIO INC.

Unaudited Consolidated Balance Sheets

(All amounts in thousands)

NIO INC.

Unaudited Consolidated Balance Sheets

(All amounts in thousands)

NIO INC.

Unaudited Consolidated Statements of Comprehensive Loss

(All amounts in thousands, except for share and per share data)

NIO INC.

Unaudited Reconciliation of GAAP and Non-GAAP Results

(All amounts in thousands, except for share and per share data)

ⁱ All translations from RMB to USD for the first quarter of 2022 were made at the rate of RMB6.3393 to US$1.00, the noon buying rate in effect on March 31, 2022 in the H.10 statistical release of the Federal Reserve Board.

ⁱⁱ Vehicle margin is the margin of new vehicle sales, which is calculated based on revenues and cost of sales derived from new vehicle sales only.

ⁱⁱⁱ Each ADS represents one ordinary share.

^iv Except for gross margin and vehicle margin, where absolute changes instead of percentage changes are calculated.