NIO Inc.

Building 20, 56 Antuo Road

Jiading District, Shanghai 201804

People’s Republic of China

 

February 20, 2024

 

VIA EDGAR

 

Mr. Andrew Mew 

Mr. Christopher Dunham 

Division of Corporation Finance 

Disclosure Review Program 

Securities and Exchange Commission 

100 F Street, N.E. 

Washington, D.C. 20549

 

	Re:	NIO Inc. (the “Company”)
		Form 20-F for the Fiscal Year Ended December 31, 2022
		Filed April 28, 2023
		File No. 001-38638

 

Dear Mr. Mew and Mr. Dunham:

 

This letter sets forth the Company’s responses to the comments contained in the letter dated February 5, 2024 from the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) regarding the Company’s Form 20-F for the fiscal year ended December 31, 2022 filed with the Commission on April 28, 2023 (the “2022 Form 20-F”) and the Company’s response letters submitted on August 4 and September 1 2023 and January 18, 2024. The Staff’s comments are repeated below in bold and are followed by the Company’s responses thereto. All capitalized terms used but not defined in this letter shall have the meaning ascribed to such terms in the 2022 Form 20-F.

 

FORM 20-F FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022

 

Item 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections, page 171

 

1.

We note your proposed revision in response to comment 1. Please further revise to clarify whether or not Xiaobei Chen is an official of the CCP as required by Item 16I(b)(4) of the Form 20-F.

 

In response to the Staff’s comment, the Company further revised its proposed disclosure under Item 16I(b)(4) in an amendment to the 2022 Form 20-F to be filed with the Commission. The revisions and updates made in response to the Staff’s comment are marked (with deletions shown in strikethrough and additions underlined) against the disclosure in the 2022 Form 20-F for the Staff’s easy reference. To clarify, the revisions and updates proposed below relate solely to prong (iii) of the previously proposed disclosure under Item 16I and would not affect the remainder of the previously proposed disclosure under Item 16I contained in the Company’s responses submitted on January 18, 2024.

 

 

NIO Inc. 

February 20, 2024 

Page 2

 

“ITEM 16I.      DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

 

(iii) As of the date of this annual report, none of the members of the board of directors of NIO Inc. or our consolidated foreign operating entities, including the VIEs, is an official of the Chinese Communist Party, except for Ms. Xiaobei Chen, who is an external director of NIO China designated by Jianheng New Energy Fund, an entity holding 4.079% equity interests in NIO China, and Jianheng New Energy Fund is designated by Hefei Construction Co., a PRC state-owned enterprise. Ms. Chen also serves as the deputy general manager and a member of the Chinese Communist Party Committee of Hefei Construction Co., where she is responsible for the investment management and legal affairs.”

 

*      *      *

 

 

If you have any additional questions or comments regarding the 2022 Form 20-F, please contact the undersigned, chief financial officer of the Company, at +86 186 2108 8575 or via e-mail at steven.feng@nio.com, or the Company’s U.S. counsel, Yuting Wu of Skadden, Arps, Slate, Meagher & Flom, at +86 21 6193 8225 or via e-mail at yuting.wu@skadden.com. Thank you very much.

 

	Very truly yours,
	/s/ Wei Feng
	Wei Feng
	Chief Financial Officer

 

	cc:	Yuting Wu, Partner, Skadden, Arps, Slate, Meagher & Flom LLP
		Kevin Song, Partner, PricewaterhouseCoopers Zhong Tian LLP