$NIO Catalysts

[NIOtime]

October 2020 Catalyst

1) September Car Delivery Number (Estimated 3750-4250) (First Week)

2) NIO OS Major Update (First Week)

[NIOtime]

December 2020 Catalyst

1) November Car Delivery Number (First Week)

2) NIO Day (16th December)

3) New Car Model Announce (16th December)

4) 100kWh Battery Debut (Q4 2020)

[NIOtime]

November 2020 Catalyst

1) October Car Delivery Number (First Week)

2) 3Q Earning (TBD)

[NIOtime]

September 2020 Catalyst

1) August Car Delivery Number (Estimated 3500-4000) (First Week)

2) Convertible note (200m) from Mr. Li and Tencent begin redeemable on Sep 5th

3) EC6 Deliveries begin (Mid-Late Sep)