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NIO Inc | SC 13G/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Baillie Gifford & Co (Scottish partnership)(5.97%)

SEC announcement · Jan 26 06:23

NIO +6.07%

Summary by Moomoo AI

On December 29, 2023, Baillie Gifford & Co, a Scottish partnership, filed an amended Schedule 13G/A with the SEC, disclosing a 5.97% ownership stake in NIO Inc., which equates to 114,924,231 shares. This stake includes 114,635,802 American Depositary Shares (ADS), with each ADS representing one Class A common share, and an additional 288,429 ordinary shares. The filing, which is the sixth amendment for Baillie Gifford & Co regarding NIO Inc., was made under Rule 13d-1(b) of the Securities Exchange Act of 1934. The report clarifies that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of NIO Inc. Baillie Gifford & Co's investment in NIO Inc. is held on behalf of its investment advisory clients, which may include registered investment companies, employee benefit plans, pension funds, or other institutional clients. The compliance manager of Baillie Gifford & Co, Grant Meikle, certified the accuracy of the information provided in the filing on January 26, 2024.

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