CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind NIO Investors of a Lead Plaintiff Deadline of October 24, 2022

NEW YORK, Oct. 24, 2022

The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between August 20, 2020 and July 11, 2022.

If you suffered a loss on your investment in NIO, contact us about potential recovery by using the link below. There is no cost or obligation to you.

https://www.wongesq.com/pslra-1/nio-inc-lawsuit-loss-submission-form?prid=32822&wire=4

ABOUT THE ACTION: The class action against NIO includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (1) NIO pulled forward revenue by selling batteries to a related party, which owned the batteries and managed users' subscriptions; (2) through the related party, NIO also recognized enormous depreciation savings; (3) as a result of the foregoing, the Company's revenue and net loss were overstated; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

DEADLINE: October 24, 2022

Aggrieved NIO investors only have until October 24, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.