To The Moon

• NIO delivered 10,378 vehicles in March 2023

• NIO delivered 31,041 vehicles in the three months ended March 2023, increasing by 20.5% year-over-year

• Cumulative deliveries of NIO vehicles reached 320,597 as of March 31, 2023

NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) today announced its March and first quarter 2023 delivery results.

NIO delivered 10,378 vehicles in March 2023. The deliveries consisted of 3,203 premium smart electric SUVs, and 7,175 premium smart electric sedans. NIO delivered 31,041 vehicles in the first quarter of 2023, representing an increase of 20.5% year-over-year. Cumulative deliveries of NIO vehicles reached 320,597 as of March 31, 2023.

Starting from March 28, 2023, NIO has rolled out the deployment of the third-generation Power Swap station in China, with each station having a service capacity of up to 408 swaps per day. As of March 31, 2023, NIO had deployed 1,339 Power Swap stations, 1,285 Power Charger stations with 6,467 chargers, and 1,154 destination charging stations with 7,993 chargers worldwide. NIO will speed up the expansion of the battery swapping network, and plans to install 1,000 Power Swap stations in 2023.

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NIO has been gradually releasing NOP+ Beta to vehicles based on NIO Technology 2.0 (NT2.0). Since its debut on December 27, 2022, more than 30,000 users have activated and engaged NOP+ Beta, and the cumulative mileage has exceeded 15 million kilometers. Powered by our full-stack inhouse-developed intelligent driving technologies and closed-loop data management, NOP+ Beta has realized significant improvements in aspects of sense of reassurance, comfort and efficiency. Going forward, NIO will gradually deliver more features through over-the-air update to continuously improve users’ intelligent driving experience.