Summary by Moomoo AI
NIO Inc., an electric vehicle manufacturer listed on the U.S. stock exchange, has submitted a revised disclosure in response to the Securities and Exchange Commission's (SEC) comments on its Form 20-F for the fiscal year ended December 31, 2022. The SEC's letter dated February 5, 2024, addressed to NIO Inc., requested further clarification regarding the company's disclosure under Item 16I, specifically about Xiaobei Chen's status as an official of the Chinese Communist Party (CCP). In an amendment to be filed with the SEC, NIO Inc. clarified that Xiaobei Chen, an external director of NIO China designated by Jianheng New Energy Fund, is also the deputy general manager and a member of the CCP Committee of Hefei Construction Co. The company's response, dated February 20, 2024, includes marked revisions and updates to the original disclosure, with changes clearly indicated for the SEC's review. The correspondence also provides contact information for Wei Feng, the Chief Financial Officer of NIO Inc., and the company's U.S. counsel for any further inquiries.