June 29, 2018

Bin Li
Chief Executive Officer
NIO Inc.
Building 20, No. 56 AnTuo Road, Jiading District
Shanghai, 201804
People's Republic of China

       Re: NIO Inc.
           Amendment No. 2 to Draft Registration Statement on Form F-1
           Filed June 22, 2018
           CIK No. 0001736541

Dear Mr. Li:

      We have reviewed your amended draft registration statement and have the
comments. In some of our comments, we may ask you to provide us with
information so we
may better understand your disclosure.

       Please respond to this letter by providing the requested information and
either submitting
an amended draft registration statement or publicly filing your registration
statement on
EDGAR. If you do not believe our comments apply to your facts and circumstances
or do not
believe an amendment is appropriate, please tell us why in your response.

      After reviewing the information you provide in response to these comments
and your
amended draft registration statement or filed registration statement, we may
have additional

Amendment No. 2 to Draft Registration Statement on Form F-1

Manufacturing, Supply Chain and Quality Control
Our Future Manufacturing Plant, page 128

1.     We note your response to our prior comment 6 and reissue in part. Please
describe how
       the construction cost of the factory and your contribution to the local
economy will be
       factored into the cost of the lease. In addition, please disclose when
the term of the lease
       begins and describe the lease renewal provisions, if any.
 Bin Li
NIO Inc.
June 29, 2018
Page 2
Notes to Unaudited Interim Condensed Consolidated Financial Statements
Note 2. Summary of Significant Accounting Policies
(j) Customer incentives, page F-62

2.       Refer to your response to prior comment 5. You state in situations in
which customers
         redeem only credits and not cash to acquire merchandise you record a
reduction of
         inventory and other current liabilities. You further state in
situations in which
         merchandise is sold for cash in addition to credits you record other
income. Please
         explain to us why you did not record other income and cost of sales
upon redemption of
         solely credits by customers for merchandise sold. In addition, it
appears in the combined
         cash and credits redemption situation you may not have recorded the
full amount of other
         income and inventory or reflected cost of sales for the merchandise
sold. Instead, it
         appears you allocated the total consideration received between other
income and inventory
         when recording the transaction which may understate other income and
either overstate
         inventory or understate cost of sales in that situation. Please
3.       It appears the liability for unredeemed credits is a contract
liability. In this regard, please
         tell us your consideration of providing disclosure pursuant to ASC
606-10-50-8 through
       You may contact Theresa Brillant at 202-551-3307 or Doug Jones at
202-551-3309 if you
have questions regarding comments on the financial statements and related
matters. Please
contact Sonia Bednarowski at 202-551-3666 or Anne Nguyen Parker, Assistant
Director, at 202-
551-3611 with any other questions.

FirstName LastNameBin Li
Comapany NameNIO Inc.
                                                                 Division of
Corporation Finance
June 29, 2018 Page 2                                             Office of
Transportation and Leisure
FirstName LastName