NIO Inc. Announces Board Change
07 Février 2024 - 10:30AM
(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 that Mr. Eddy Georges Skaf and Mr. Nicholas
Paul Collins have been appointed as new directors by the Company’s
board of directors (the “Board”), with effect from February 7,
2024. In addition, Mr. James Gordon Mitchell has resigned as a
director of the Company, effective February 7, 2024.
Mr. Eddy Georges Skaf has held the position of
chief investment officer at CYVN Holdings L.L.C since May 2023. He
has also been a director of Foreight Limited and Forseven Limited
since June 2023, and a director of CYVN Investments RSC Ltd. since
July 2023. Previously, from August 2019 to May 2023, Mr. Skaf
served as a senior advisor to Digital Infrastructure at Mubadala.
Before this, he served as the chief strategy officer at Emirates
Integrated Telecom Company (du) from August 2017 to May 2019. Mr.
Skaf received his bachelor’s degree in computer and communication
engineering from American University of Beirut in 1995, and his
master’s degree of business administration in business
administration and management and master’s degree of science in
management information systems from Boston University in 2000.
Mr. Nicholas Paul Collins has served as the
chief executive officer of Forseven Limited since January 2024.
Prior to this role, Mr. Collins worked at Jaguar Land Rover from
March 2015 to December 2023 in various capacities, including a
director of both Jaguar Land Rover Limited and Jaguar Land Rover
Holdings Limited, and an executive director of vehicle programs at
Jaguar Land Rover Limited. Mr. Collins began his career in the
automotive industry in 1993 and has extensive experience in global
product development, product and business strategy, and vehicle
development and launch across Ford Motor Company and Jaguar Land
Rover. Mr. Collins received his master’s degree in mechanical
engineering from University of Nottingham in 1998, and an MBA from
Henley Management College in 2004.
The Company would like to welcome Mr. Eddy
Georges Skaf and Mr. Nicholas Paul Collins to the Board. The
Company believes that their expertise and experience will be a
valuable asset to its development. At the same time, the Company
would like to express its sincere gratitude to Mr. James Gordon
Mitchell for his contribution to the Company and his service on the
Board during his tenure. Mr. James Gordon Mitchell’s extensive
experience has been highly valuable to the Company during his
tenure.
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 premium smart electric vehicles, driving
innovations in next-generation technologies in assisted and
intelligent driving, digital technologies, electric powertrains and
batteries. NIO differentiates itself through its continuous
technological breakthroughs and innovations, such as the
industry-leading battery swapping technologies, Battery as a
Service, or BaaS, as well as proprietary NIO Assisted and
Intelligent Driving and its subscription services. NIO’s product
portfolio consists of the ES8, a six-seater smart electric flagship
SUV, the ES7 (or the EL7), a mid-large five-seater smart electric
SUV, the ES6 (or the EL6), a five-seater all-round smart electric
SUV, the EC7, a five-seater smart electric flagship coupe SUV, the
EC6, a five-seater smart electric coupe SUV, the ET9, a smart
electric executive flagship, the ET7, a smart electric flagship
sedan, the ET5, a mid-size smart electric sedan, and the ET5T, a
smart electric tourer.
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 (the “SEC”), in its annual
report to shareholders, in announcements, circulars or other
publications made on the websites of each of The Stock Exchange of
Hong Kong Limited (the “SEHK”) and the Singapore Exchange
Securities Trading Limited (the “SGX-ST”), 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 its vehicles; 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 SEC and the announcements and
filings on the websites of each of the SEHK and SGX-ST. 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.
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