April 29, 2020 / 7:53 AM / a month ago

BRIEF-Nio CEO says virus impact has passed, investment to help product development

April 29 (Reuters) - NIO INC CEO WILLIAM LI SAYS:

* CORONAVIRUS IMPACT ON ITS OPERATION HAS PASSED

* FIRM WILL CONSIDER EXPANDING CAR MANUFACTURING CAPACITY WHEN THEY HAVE HIGHER SALES DEMAND

* PRODUCT DEVELOPMENT AND RESEARCH IN CHINA WILL BE MORE GUARANTEED WITH THE NEW INVESTMENT

* INVESTMENT WILL NOT IMPACT FIRM’S PARTNERSHIPS WITH CHANGAN AND GAC

* NEW INVESTMENT WILL NOT IMPACT OWNERSHIP STRUCTURE OF NIO INC (Reporting by Yilei Sun and Brenda Goh)

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