Summary by Moomoo AI
NIO Inc. has addressed the Securities and Exchange Commission's (SEC) comments regarding its Form 20-F for the fiscal year ended December 31, 2022, which was filed on April 28, 2023. In a letter dated January 18, 2024, NIO Inc. provided detailed responses to the SEC's inquiries about the company's ownership structure, particularly the partial ownership of NIO China by state-owned enterprises and their influence on the company's operations and management. The company clarified that it maintains effective control over NIO China, with a 92.114% equity interest, and outlined the roles of the state-owned enterprises and their representatives. NIO Inc. also addressed the SEC's questions regarding the affiliation of Awesome Pilot Limited with government entities and the status of Xiaobei Chen, a director of NIO China, as a CCP official. The company proposed amendments to its 2022 Form 20-F to include these clarifications and disclosed that it does not expect to be identified as a Commission-Identified Issuer under the HFCAA after filing its annual report for the fiscal year ended December 31, 2022.