Document:

EX-10.13

 Exhibit 10.13 

Equity Interest Pledge Agreement 

This Exclusive Interest Pledge Agreement (this “Agreement”) is executed by and among the following Parties as of April 19, 2018
in Shanghai, the People’s Republic of China (“China” or the “PRC”): 
  

	Party A:	 NIO Co., Ltd. (hereinafter the “Pledgee”), a wholly foreign-owned enterprise, organized and
existing under the laws of the PRC, with its registered address at Room 115, No. 569 Anchi Road, Anting Town, Jiading District, Shanghai; 

  

	Party B:	 Bin LI (hereinafter the “Pledgor”), a Chinese citizen with Identification No.: ********;

  

	Party C:	 Shanghai Anbin Technology Co., Ltd., a limited liability company organized and existing under the laws
of the PRC, with its registered address at Room J1289, Floor 4, No.5358, Huyi Road, Jiading District, Shanghai. 

 In this
Agreement, each of the Pledgee, the Pledgor and Party C shall be hereinafter referred to as a “Party” individually, and as the “Parties” collectively. 

Whereas: 
  

	1.	 The Pledgor is a citizen of China who as of the date hereof holds 80% of the equity interests of Party C,
representing RMB 24,000,000 in the registered capital of Party C. Party C is a limited liability company registered in Shanghai, China. Party C acknowledges the respective rights and obligations of the Pledgor and the Pledgee under this Agreement,
and intends to provide any necessary assistance in registering the Pledge; 

  

	2.	 The Pledgee is a wholly foreign-owned enterprise registered in China. The Pledgee and Party C have executed an
Exclusive Business Cooperation Agreement (as defined below); Party C, the Pledgee and the Pledgor have executed an Exclusive Option Agreement (as defined below); the Pledgor has executed a Power of Attorney (as defined below) in favor of the
Pledgee; and the Pledgee and the Pledgor have executed a Loan Agreement (as defined below) as defined below); 

  

	3.	 To ensure that Party C and the Pledgor fully perform their obligations under the Exclusive Business Cooperation
Agreement, the Exclusive Option Agreement, the Load Agreement and the Power of Attorney, the Pledgor hereby pledges to the Pledgee all of the equity interest that the Pledgor holds in Party C as security for Party C’s and the Pledgor’s
obligations under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement, the Loan Agreement and the Power of Attorney. 

To perform the provisions of the Transaction Documents (as defined below), the Parties have mutually agreed to execute this Agreement upon the
following terms. 

  
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	1.	 Definitions 

Unless otherwise provided herein, the terms below shall have the following meanings: 

 

	 	1.1	 Pledge: shall refer to the security interest granted by the Pledgor to the Pledgee pursuant to Section 2
of this Agreement, i.e., the right of the Pledgee to be paid in priority with the Equity Interest based on the monetary valuation that such Equity Interest is converted into or from the proceeds from the auction or sale of the Equity Interest.

  

	 	1.2	 Equity Interest: shall refer to 80% equity interests in Party C currently held by the Pledgor, representing
RMB24,000,000 in the registered capital of Party C, and all of the equity interest hereafter legally acquired by the Pledgor in Party C. 

  

	 	1.3	 Term of the Pledge: shall refer to the term set forth in Section 3 of this Agreement.

  

	 	1.4	 Transaction Documents: shall refer to the Exclusive Business Cooperation Agreement executed by and between
Party C and the Pledgee on April 19, 2018, (the “Exclusive Business Cooperation Agreement”), the Exclusive Option Agreement executed by and among Party C, the Pledgee and the Pledgor on April 19, 2018, (the “Exclusive Option
Agreement”), the Loan Agreement executed by and between the Pledgee and the Pledgor on April 19, 2018, (the “Loan Agreement”), Power of Attorney executed on April 19, 2018, by the Pledgor (the “Power of Attorney”)
and any modification, amendment and restatement to the aforementioned documents. 

  

	 	1.5	 Contract Obligations: shall refer to all the obligations of the Pledgor under the Exclusive Option Agreement,
the Power of Attorney, the Loan Agreement and this Agreement; all the obligations of Party C under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and this Agreement. 

 

	 	1.6	 Secured Indebtedness: shall refer to all the direct, indirect and derivative losses and losses of anticipated
profits, suffered by the Pledgee, incurred as a result of any Event of Default on the part of the Pledgor and/or Party C under the Transaction Documents. The amount of such losses shall be calculated based on such factors as the reasonable business
plan and profit forecast of the Pledgee, the consulting and service fees payable to the Pledgee under the Exclusive Business Cooperation Agreement, damages and relevant fees under the Transaction Documents, all expenses occurred by the Pledgee in
connection with enforcement of the Pledgor’s and/or Party C’s Contract Obligations and etc. 

  

	 	1.7	 Event of Default: shall refer to any of the circumstances set forth in Section 7 of this Agreement.

  
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	 	1.8	 Notice of Default: shall refer to the notice issued by the Pledgee in accordance with this Agreement declaring
an Event of Default. 

  

	2.	 Pledge 

  

	 	2.1	 The Pledgor agrees to pledge all the Equity Interest as security for performance of the Contract Obligations
and payment of the Secured Indebtedness under this Agreement. Party C hereby assents that the Pledgor pledges the Equity Interest to the Pledgee pursuant to this Agreement. 

 

	 	2.2	 During the term of the Pledge, unless prohibited by the applicable laws and regulations, the Pledgee is
entitled to receive dividends distributed on the Equity Interest. Without the prior written consent of the Pledgee, the Pledgor shall not receive dividends distributed on the Equity Interest. Dividends received by the Pledgor on Equity Interest
after the deduction of individual income tax paid by the Pledgor shall be, as required by the Pledgee, (1) deposited into an account designated and supervised by the Pledgee and used to secure the Contract Obligations and pay the Secured
Indebtedness prior and in preference to making any other payment; or (2) to the extent not prohibited by the applicable PRC laws, unconditionally donated to the Pledgee or any other person designated by the Pledgee in the manner permitted by
the PRC laws. 

  

	 	2.3	 The Pledgor may subscribe for a capital increase in Party C only with prior written consent of the Pledgee. Any
additional equity interest obtained by the Pledgor as a result of the Pledgor’s subscription of the increased registered capital of the Company shall also be deemed as Equity Interest, and the Parties shall enter into further equity pledge
agreement for this purpose and complete registration of the pledge of such additional equity interest. 

  

	 	2.4	 In the event that Party C is required by PRC law to be liquidated or dissolved, any interest distributed to the
Pledgor upon Party C’s dissolution or liquidation shall, upon the request of the Pledgee, be (1) deposited into an account designated and supervised by the Pledgee and used to secure the Contract Obligations and pay the Secured
Indebtedness prior and in preference to make any other payment; or (2) to the extent not prohibited by PRC laws, unconditionally donated to the Pledgee or any other person designated by the Pledgee in the manner permitted by the applicable PRC
laws. 

  
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	3.	 Term of the Pledge 

 

	 	3.1	 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is
registered with the relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness has been fully paid. The Pledgor and
Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity
Interest contemplated herein within 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC
this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the
AIC Pledge Contract, the Parties shall be bound by the provisions of this Agreement. The Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the relevant PRC laws and regulations and the
competent AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing. 

  

	 	3.2	 During the Term of the Pledge, in the event the Pledgor and/or Party C fails to perform the Contract
Obligations or pay Secured Indebtedness, the Pledgee shall have the right, but not the obligation, to exercise the Pledge in accordance with the provisions of this Agreement. 

 

	4.	 Custody of Records for Equity Interest subject to the Pledge 

 

	 	4.1	 During the Term of the Pledge set forth in this Agreement, the Pledgor shall deliver to the Pledgee’s
custody the capital contribution certificate for the Equity Interest and the shareholders’ register containing the Pledge within one week from the execution of this Agreement. The Pledgee shall have custody of such documents during the entire
Term of the Pledge set forth in this Agreement. 

  

	5.	 Representations and Warranties of the Pledgor and Party C 

As of the execution date of this Agreement, the Pledgor and Party C hereby jointly and severally represent and warrant to the Pledgee that:

  

	 	5.1	 The Pledgor is the sole legal and beneficial owner of the Equity Interest. The Pledgee shall have the right to
dispose of and transfer the Equity Interest in accordance with the provisions set forth in this Agreement. 

  

	 	5.2	 Each of the Pledgor and Party C has the power, capacity and authority to execute and deliver this Agreement,
and to perform it/his obligations under this Agreement. This Agreement constitutes the Pledgor’s and Party C’s legal, valid and binding obligations and shall be enforceable against them in accordance with the provisions thereof.

  

	 	5.3	 Except for the Pledge, the Pledgor has not placed any security interest or other encumbrance on the Equity
Interest. 

  

	 	5.4	 The Pledgor and Party C have obtained any and all approvals and consents from the applicable government
authorities and third parties (if required) for the execution, delivery and performance of this Agreement. 

  
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	 	5.5	 The execution, delivery and performance of this Agreement will not: (i) violate any relevant PRC laws;
(ii) conflict with Party C’s articles of association or other constitutional documents; (iii) result in any breach of or constitute any default under any contract or document to which it is a party or by which it is otherwise bound;
(iv) result in any violation of any condition for the grant and/or maintenance of any permit or approval granted to any Party; or (v) cause any permit or approval granted to any Party to be suspended, cancelled or attached with additional
conditions. 

  

	6.	 Covenants of the Pledgor and Party C 

 

	 	6.1	 During the term of this Agreement, the Pledgor and Party C hereby jointly and severally covenant to the
Pledgee: 

  

	 	6.1.1	 The Pledgor shall not transfer the Equity Interest, place or permit the existence of any security interest or
other encumbrance on the Equity Interest or any portion thereof, without the prior written consent of the Pledgee, except for the performance of the Transaction Documents; Party C shall not assent to or assist in the aforesaid behaviors;

  

	 	6.1.2	 The Pledgor and Party C shall comply with and carry out all requirements under applicable laws and regulations
relating to pledge, and within five (5) days of receipt of any notice, order or recommendation issued or made by the competent authorities regarding the Pledge (if any), shall present the aforementioned notice, order or recommendation to the
Pledgee, and shall comply with the aforementioned notice, order or recommendation or submit objections and representations with respect to the aforementioned matters upon the Pledgee’s reasonable request or upon consent of the Pledgee;

  

	 	6.1.3	 Each of the Pledgor and Party C shall promptly notify the Pledgee of any event or notice received by it that
may have an impact on the Equity Interest (or any portion thereof,) as well as any event or notice received by it that may have an impact on any guarantees and obligations of the Pledgor under this Agreement or the performance of obligations of the
Pledgor under this Agreement; 

  

	 	6.1.4	 Party C shall complete the registration procedures for the extension of the operation term within three
(3) months prior to the expiration of such term to maintain the validity of this Agreement. 

  

	 	6.2	 The Pledgor agrees that the rights acquired by the Pledgee in accordance with this Agreement with respect to
the Pledge shall not be interrupted or harmed by the Pledgor or any, successors, heirs or representatives of the Pledgor or any other persons through any legal proceedings. 

  
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	 	6.3	 To protect or perfect the security interest granted by this Agreement for the Contract Obligations and Secured
Indebtedness, the Pledgor hereby undertakes to execute in good faith and to cause other parties who have an interest in the Pledge to execute all certificates, agreements, deeds and/or covenants required by the Pledgee. The Pledgor also undertakes
to perform and to cause other parties who have an interest in the Pledge to perform actions required by the Pledgee, to facilitate the exercise by the Pledgee of its rights and authority granted thereto by this Agreement, and to enter into all
relevant documents regarding ownership of Equity Interest with the Pledgee or designee(s) of the Pledgee (natural persons/legal persons). The Pledgor undertakes to provide the Pledgee within a reasonable time with all notices, the orders and
decisions regarding the Pledge that are required by the Pledgee. 

  

	 	6.4	 The Pledgor hereby undertakes to comply with and perform all guarantees, promises, agreements, representations
and conditions under this Agreement. In the event of failure or partial performance of its guarantees, promises, agreements, representations and conditions, the Pledgor shall indemnify the Pledgee for all losses resulting therefrom.

  

	7.	 Event of Breach 

 

	 	7.1	 The following circumstances shall be deemed an Event of Default: 

 

	 	7.1.1	 The Pledgor’s any breach to any obligations under the Transaction Documents and/or this Agreement.

  

	 	7.1.2	 Party C’s any breach to any obligations under the Transaction Documents and/or this Agreement.

  

	 	7.2	 Upon notice or discovery of the occurrence of any circumstances or event that may lead to the aforementioned
circumstances described in Section 7.1, the Pledgor and Party C shall immediately notify the Pledgee in writing accordingly. 

  

	 	7.3	 Unless an Event of Default set forth in Section 7.1 has been successfully resolved to the Pledgee’s
satisfaction within twenty (20) days after the Pledgee and/or Party C delivers a notice to the Pledgor requesting ratification of such Event of Default, the Pledgee may issue a Notice of Default to the Pledgor in writing at any time thereafter,
demanding the Pledgor to immediately exercise the Pledge in accordance with the provisions of Section 8 of this Agreement. 

  

	8.	 Exercise of the Pledge 

 

	 	8.1	 The Pledgee shall issue a written Notice of Default to the Pledgor when it exercises the Pledge.

  

	 	8.2	 Subject to the provisions of Section 7.3, the Pledgee may exercise the right to enforce the Pledge at any
time after the issuance of the Notice of Default in accordance with Section 8.1. 

  
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	 	8.3	 After the Pledgee issues a Notice of Default to the Pledgor in accordance with Section 8.1, the Pledgee
may exercise any remedy measure under the applicable PRC laws, the Transaction Documents and this Agreement, including but not limited to being paid in priority with the Equity Interest based on the monetary valuation that such Equity Interest is
converted into or from the proceeds from the auction or sale of the Equity Interest. The Pledgee shall not be liable for any loss incurred by its duly exercise of such rights and powers. 

 

	 	8.4	 The proceeds from the exercise of the Pledge by the Pledgee shall be used to pay for the taxes and expenses
incurred as a result of disposing the Equity Interest and to perform the Contract Obligations and pay the Secured Indebtedness to the Pledgee prior and in preference to any other payment. After the payment of the aforementioned amounts, the
remaining balance shall be returned to the Pledgor or any other person who have rights to such balance under applicable laws or be deposited to the local notary public office where the Pledgor resides, with all expenses incurred being borne by the
Pledgor. To the extent not prohibited by the applicable PRC laws, the Pledgor shall unconditionally donate the aforementioned proceeds to the Pledgee or any other person designated by the Pledgee in the manner permitted by the PRC laws.

  

	 	8.5	 The Pledgee may exercise any remedy measure available to it simultaneously or in any order. The Pledgee may
exercise the priority right in compensation based on the monetary valuation that such Equity Interest is converted into or with the proceeds from the auction or sale of the Equity Interest under this Agreement, without being required to exercise any
other remedy measure first. 

  

	 	8.6	 The Pledgee is entitled to designate an attorney or other representatives to exercise the Pledge on its behalf,
and the Pledgor or Party C shall not raise any objection to such exercise. 

  

	 	8.7	 When the Pledgee disposes of the Pledge in accordance with this Agreement, the Pledgor and Party C shall
provide the necessary assistance to enable the Pledgee to enforce the Pledge in accordance with this Agreement. 

  

	9.	 Breach of Agreement 

 

	 	9.1	 If the Pledgor or Party C materially breaches any provision under this Agreement, or fails to perform, performs
incompletely or delays to perform any obligation under this Agreement, it shall constitute a breach under this Agreement on the part of the Pledgor or Party C (as the case may be). The Pledgee is entitled to require the Pledgor or Party C to rectify
or take remedial measures. If within ten (10) days after the Pledgee delivers a written notice to the Pledgor or Party C and requires for rectification (or within any other reasonable period required by the Pledgee), the Pledgor or Party C (as
the case may be) fails to rectify or take remedial measures, the Pledgee is entitled to, at its sole discretion, (1) terminate this Agreement and require the Pledgor or Party C (as the case may be) to compensate all the losses; or
(2) require specific performance of the obligations of the Pledgor or Party C (as the case may be) under this Agreement and require the Pledgor or Party C (as the case may be) to compensate all the losses. This Section shall not prejudice any
other rights of the Pledgee under this Agreement. 

  
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	 	9.2	 The Pledgor or Party C shall not have any right to terminate this Agreement unilaterally in any event unless
otherwise required by the applicable laws. 

  

	10.	 Assignment 

  

	 	10.1	 Without the Pledgee’s prior written consent, neither the Pledgor nor Party C shall assign or delegate
its/his rights and obligations under this Agreement. 

  

	 	10.2	 This Agreement shall be binding on the Pledgor and his/her successors, heirs (including who inherited the
Equity Interest) and permitted assigns, and shall be valid with respect to the Pledgee and each of his/her successors, heirs and permitted assigns. 

  

	 	10.3	 At any time, the Pledgee may assign any and all of its rights and obligations under the Transaction Documents
and this Agreement to its designee(s), in which case the assignees shall have the rights and obligations of the Pledgee under the Transaction Documents and this Agreement, as if it were the original party to the Transaction Documents and this
Agreement. 

  

	 	10.4	 In the event of change of the Pledgee due to assignment, the Pledgor and/or Party C shall, at the request of
the Pledgee, execute a new pledge agreement with the new pledgee on the same terms and conditions as this Agreement, and register the same with the competent AIC. 

 

	 	10.5	 The Pledgor and Party C shall strictly abide by the provisions of this Agreement and other contracts jointly or
separately executed by the Parties hereto or any of them, including the Transaction Documents, perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. Any
remaining rights of the Pledgor with respect to the Equity Interest pledged hereunder shall not be exercised by the Pledgor except in accordance with the written instructions of the Pledgee. 

 

	11.	 Termination 

  

	 	11.1	 Upon the fulfillment of all Contract Obligations and the full payment of all Secured Indebtedness by the
Pledgor and Party C, the Pledgee shall release the Pledge under this Agreement upon the Pledgor’s request as soon as reasonably practicable and shall assist the Pledgor in de-registering the Pledge from
the shareholders’ register of Party C and with the competent PRC local administration for industry and commerce. 

  
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	 	11.2	 The provisions under Sections 9, 13, 14 and 11.2 herein of this Agreement shall survive the expiration or
termination of this Agreement. 

  

	12.	 Handling Fees and Other Expenses 

All fees and out of pocket expenses relating to this Agreement, including but not limited to legal costs, costs of production, stamp tax and
any other taxes and fees, shall be borne by Party C. 
  

	13.	 Confidentiality 

The Parties acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between the Parties in
connection with the preparation and performance this Agreement are regarded as confidential information. Each Party shall maintain the confidentiality of all such confidential information, and without obtaining the written consent of the other
Party, it shall not disclose any relevant confidential information to any third parties, except for the information that: (a) is or will be in the public domain (other than through the receiving Party’s unauthorized disclosure); (b) is
under the obligation to be disclosed pursuant to the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government authorities; or (c) is required to be disclosed by any Party to its shareholders,
directors, employees, legal counsels or financial advisors regarding the transaction contemplated hereunder, provided that such shareholders, directors, employees, legal counsels or financial advisors shall be bound by the confidentiality
obligations similar to those set forth in this Section. Disclosure of any confidential information by the shareholders, director, employees of or agencies engaged by any Party shall be deemed disclosure of such confidential information by such Party
and such Party shall be held liable for breach of this Agreement. 
  

	14.	 Governing Law and Resolution of Disputes 

 

	 	14.1	 The execution, effectiveness, interpretation, performance, amendment and termination of this Agreement and the
resolution of disputes hereunder shall be governed by the laws of China. 

  

	 	14.2	 In the event of any dispute with respect to the interpretation and performance of this Agreement, the Parties
shall first resolve the dispute through friendly negotiations. In the event the Parties fail to reach an agreement on the dispute, either Party may submit the relevant dispute to the Shanghai International Economic and Trade Arbitration Commission
for arbitration, in accordance with the arbitration rules of such arbitration commission effective at that time. The place of the hearing of the arbitration shall be Shanghai. The arbitration award shall be final and binding on both Parties.

  
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	 	14.3	 Upon the occurrence of any disputes arising from the interpretation and performance of this Agreement or during
the pending arbitration of any dispute, except for the matters under dispute, the Parties to this Agreement shall continue to exercise their respective rights under this Agreement and perform their respective obligations under this Agreement.

  

	15.	 Severability 

In the event that one or several of the provisions of this Contract are held to be invalid, illegal or unenforceable in any aspect in
accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Contract shall not be affected or compromised in any respect. The Parties shall strive in good faith to replace such invalid,
illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the economic effect of such effective provisions shall be as close as possible to the
economic effect of those invalid, illegal or unenforceable provisions. 
  

	16.	 Attachments 

The attachments set forth herein shall be an integral part of this Agreement. 

 

	17.	 Effectiveness and Amendments 

 

	 	17.1	 This Agreement shall become effective upon execution by the Parties, until the Contract Obligations have been
fully performed and the Secured Indebtedness have been fully paid. 

  

	 	17.2	 Any amendment, change and supplement to this Agreement shall be made in writing by all of the Parties. Any
amendment agreement and supplementary agreement duly executed by the Parties hereto with regard to this Agreement shall constitute an integral part of this Agreement, and shall have equal legal validity as this Agreement. 

 

	18.	 Language and Counterparts 

This Agreement is written in English in four copies. The Pledgor, the Pledgee and Party C shall hold one copy respectively and the other copy
shall be used for registration. 
 The Remainder of this page is intentionally left blank 

  
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 IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this
Equity Interest Pledge Agreement as of the date first above written. 
  

			
	Pledgee:	 	NIO Co., Ltd.
		
	签字:	 	
	By:	 	 /s/ Lihong Qin

	Name:	 	Lihong QIN
	Title:	 	Legal Representative
		
	Pledgor:	 	Bin LI
		
	签字:	 	
	By:	 	 /s/ Bin Li

		
	Party C:	 	Shanghai Anbin Technology Co., Ltd.
		
	By:	 	 /s/ Lihong Qin

	Name:	 	Lihong QIN
	Title:	 	Legal Representative

 Attachments: 
  

	1.	 Shareholders’ Register of Party C; 

 

	2.	 The Capital Contribution Certificate for Party C; 

 

	3.	 Exclusive Business Cooperation Agreement; 

 

	4.	 Exclusive Option Agreement; 

 

	5.	 Loan Agreement 

  

	6.	 Power of Attorney. 

 Equity Interest Pledge Agreement 

This Exclusive Interest Pledge Agreement (this “Agreement”) is executed by and among the following Parties as of April 2018
Shanghai, the People’s Republic of China (“China” or the “PRC”): 
  

	Party A:	 NIO Co., Ltd. (hereinafter the “Pledgee”), a wholly foreign-owned enterprise, organized and
existing under the laws of the PRC, with its registered address at Room 115, No. 569 Anchi Road, Anting Town, Jiading District, Shanghai; 

  

	Party B:	 Lihong QIN (hereinafter the “Pledgor”), a Chinese citizen with Identification No.: ********;

  

	Party C:	 Shanghai Anbin Technology Co., Ltd., a limited liability company organized and existing under the laws
of the PRC, with its registered address at Room J1289, Floor 4, No.5358, Huyi Road, Jiading District, Shanghai. 

 In this
Agreement, each of the Pledgee, the Pledgor and Party C shall be hereinafter referred to as a “Party” individually, and as the “Parties” collectively. 

Whereas: 
  

	1.	 The Pledgor is a citizen of China who as of the date hereof holds 20% of the equity interests of Party C,
representing RMB 6,000,000 in the registered capital of Party C. Party C is a limited liability company registered in Shanghai, China. Party C acknowledges the respective rights and obligations of the Pledgor and the Pledgee under this Agreement,
and intends to provide any necessary assistance in registering the Pledge; 

  

	2.	 The Pledgee is a wholly foreign-owned enterprise registered in China. The Pledgee and Party C have executed an
Exclusive Business Cooperation Agreement (as defined below); Party C, the Pledgee and the Pledgor have executed an Exclusive Option Agreement (as defined below); the Pledgor has executed a Power of Attorney (as defined below) in favor of the
Pledgee; and the Pledgee and the Pledgor have executed a Loan Agreement (as defined below) as defined below); 

  

	3.	 To ensure that Party C and the Pledgor fully perform their obligations under the Exclusive Business Cooperation
Agreement, the Exclusive Option Agreement, the Load Agreement and the Power of Attorney, the Pledgor hereby pledges to the Pledgee all of the equity interest that the Pledgor holds in Party C as security for Party C’s and the Pledgor’s
obligations under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement, the Loan Agreement and the Power of Attorney. 

To perform the provisions of the Transaction Documents (as defined below), the Parties have mutually agreed to execute this Agreement upon the
following terms. 

  
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	1.	 Definitions 

Unless otherwise provided herein, the terms below shall have the following meanings: 

 

	 	1.1	 Pledge: shall refer to the security interest granted by the Pledgor to the Pledgee pursuant to Section 2
of this Agreement, i.e., the right of the Pledgee to be paid in priority with the Equity Interest based on the monetary valuation that such Equity Interest is converted into or from the proceeds from the auction or sale of the Equity Interest.

  

	 	1.2	 Equity Interest: shall refer to 20% equity interests in Party C currently held by the Pledgor, representing RMB
6,000,000 in the registered capital of Party C, and all of the equity interest hereafter legally acquired by the Pledgor in Party C. 

  

	 	1.3	 Term of the Pledge: shall refer to the term set forth in Section 3 of this Agreement.

  

	 	1.4	 Transaction Documents: shall refer to the Exclusive Business Cooperation Agreement executed by and between
Party C and the Pledgee on April 19, 2018, (the “Exclusive Business Cooperation Agreement”), the Exclusive Option Agreement executed by and among Party C, the Pledgee and the Pledgor on April 19, 2018, (the “Exclusive Option
Agreement”), the Loan Agreement executed by and between the Pledgee and the Pledgor on April 19, 2018, (the “Loan Agreement”), Power of Attorney executed on April 19, 2018, by the Pledgor (the “Power of Attorney”)
and any modification, amendment and restatement to the aforementioned documents. 

  

	 	1.5	 Contract Obligations: shall refer to all the obligations of the Pledgor under the Exclusive Option Agreement,
the Power of Attorney, the Loan Agreement and this Agreement; all the obligations of Party C under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and this Agreement. 

 

	 	1.6	 Secured Indebtedness: shall refer to all the direct, indirect and derivative losses and losses of anticipated
profits, suffered by the Pledgee, incurred as a result of any Event of Default on the part of the Pledgor and/or Party C under the Transaction Documents. The amount of such losses shall be calculated based on such factors as the reasonable business
plan and profit forecast of the Pledgee, the consulting and service fees payable to the Pledgee under the Exclusive Business Cooperation Agreement, damages and relevant fees under the Transaction Documents, all expenses occurred by the Pledgee in
connection with enforcement of the Pledgor’s and/or Party C’s Contract Obligations and etc. 

  

	 	1.7	 Event of Default: shall refer to any of the circumstances set forth in Section 7 of this Agreement.

  
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	 	1.8	 Notice of Default: shall refer to the notice issued by the Pledgee in accordance with this Agreement declaring
an Event of Default. 

  

	2.	 Pledge 

  

	 	2.1	 The Pledgor agrees to pledge all the Equity Interest as security for performance of the Contract Obligations
and payment of the Secured Indebtedness under this Agreement. Party C hereby assents that the Pledgor pledges the Equity Interest to the Pledgee pursuant to this Agreement. 

 

	 	2.2	 During the term of the Pledge, unless prohibited by the applicable laws and regulations, the Pledgee is
entitled to receive dividends distributed on the Equity Interest. Without the prior written consent of the Pledgee, the Pledgor shall not receive dividends distributed on the Equity Interest. Dividends received by the Pledgor on Equity Interest
after the deduction of individual income tax paid by the Pledgor shall be, as required by the Pledgee, (1) deposited into an account designated and supervised by the Pledgee and used to secure the Contract Obligations and pay the Secured
Indebtedness prior and in preference to making any other payment; or (2) to the extent not prohibited by the applicable PRC laws, unconditionally donated to the Pledgee or any other person designated by the Pledgee in the manner permitted by
the PRC laws. 

  

	 	2.3	 The Pledgor may subscribe for a capital increase in Party C only with prior written consent of the Pledgee. Any
additional equity interest obtained by the Pledgor as a result of the Pledgor’s subscription of the increased registered capital of the Company shall also be deemed as Equity Interest, and the Parties shall enter into further equity pledge
agreement for this purpose and complete registration of the pledge of such additional equity interest. 

  

	 	2.4	 In the event that Party C is required by PRC law to be liquidated or dissolved, any interest distributed to the
Pledgor upon Party C’s dissolution or liquidation shall, upon the request of the Pledgee, be (1) deposited into an account designated and supervised by the Pledgee and used to secure the Contract Obligations and pay the Secured
Indebtedness prior and in preference to make any other payment; or (2) to the extent not prohibited by PRC laws, unconditionally donated to the Pledgee or any other person designated by the Pledgee in the manner permitted by the applicable PRC
laws. 

  

	3.	 Term of the Pledge 

 

	 	3.1	 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is
registered with the relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness has been fully paid. The Pledgor and
Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity
Interest contemplated herein within 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC
this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the
AIC Pledge Contract, the Parties shall be bound by the provisions of this Agreement. The Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the relevant PRC laws and regulations and the
competent AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing. 

  
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	 	3.2	 During the Term of the Pledge, in the event the Pledgor and/or Party C fails to perform the Contract
Obligations or pay Secured Indebtedness, the Pledgee shall have the right, but not the obligation, to exercise the Pledge in accordance with the provisions of this Agreement. 

 

	4.	 Custody of Records for Equity Interest subject to the Pledge 

 

	 	4.1	 During the Term of the Pledge set forth in this Agreement, the Pledgor shall deliver to the Pledgee’s
custody the capital contribution certificate for the Equity Interest and the shareholders’ register containing the Pledge within one week from the execution of this Agreement. The Pledgee shall have custody of such documents during the entire
Term of the Pledge set forth in this Agreement. 

  

	5.	 Representations and Warranties of the Pledgor and Party C 

As of the execution date of this Agreement, the Pledgor and Party C hereby jointly and severally represent and warrant to the Pledgee that:

  

	 	5.1	 The Pledgor is the sole legal and beneficial owner of the Equity Interest. The Pledgee shall have the right to
dispose of and transfer the Equity Interest in accordance with the provisions set forth in this Agreement. 

  

	 	5.2	 Each of the Pledgor and Party C has the power, capacity and authority to execute and deliver this Agreement,
and to perform it/his obligations under this Agreement. This Agreement constitutes the Pledgor’s and Party C’s legal, valid and binding obligations and shall be enforceable against them in accordance with the provisions thereof.

  

	 	5.3	 Except for the Pledge, the Pledgor has not placed any security interest or other encumbrance on the Equity
Interest. 

  

	 	5.4	 The Pledgor and Party C have obtained any and all approvals and consents from the applicable government
authorities and third parties (if required) for the execution, delivery and performance of this Agreement. 

  
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	 	5.5	 The execution, delivery and performance of this Agreement will not: (i) violate any relevant PRC laws;
(ii) conflict with Party C’s articles of association or other constitutional documents; (iii) result in any breach of or constitute any default under any contract or document to which it is a party or by which it is otherwise bound;
(iv) result in any violation of any condition for the grant and/or maintenance of any permit or approval granted to any Party; or (v) cause any permit or approval granted to any Party to be suspended, cancelled or attached with additional
conditions. 

  

	6.	 Covenants of the Pledgor and Party C 

 

	 	6.1	 During the term of this Agreement, the Pledgor and Party C hereby jointly and severally covenant to the
Pledgee: 

  

	 	6.1.1	 The Pledgor shall not transfer the Equity Interest, place or permit the existence of any security interest or
other encumbrance on the Equity Interest or any portion thereof, without the prior written consent of the Pledgee, except for the performance of the Transaction Documents; Party C shall not assent to or assist in the aforesaid behaviors;

  

	 	6.1.2	 The Pledgor and Party C shall comply with and carry out all requirements under applicable laws and regulations
relating to pledge, and within five (5) days of receipt of any notice, order or recommendation issued or made by the competent authorities regarding the Pledge (if any), shall present the aforementioned notice, order or recommendation to the
Pledgee, and shall comply with the aforementioned notice, order or recommendation or submit objections and representations with respect to the aforementioned matters upon the Pledgee’s reasonable request or upon consent of the Pledgee;

  

	 	6.1.3	 Each of the Pledgor and Party C shall promptly notify the Pledgee of any event or notice received by it that
may have an impact on the Equity Interest (or any portion thereof,) as well as any event or notice received by it that may have an impact on any guarantees and obligations of the Pledgor under this Agreement or the performance of obligations of the
Pledgor under this Agreement; 

  

	 	6.1.4	 Party C shall complete the registration procedures for the extension of the operation term within three
(3) months prior to the expiration of such term to maintain the validity of this Agreement. 

  

	 	6.2	 The Pledgor agrees that the rights acquired by the Pledgee in accordance with this Agreement with respect to
the Pledge shall not be interrupted or harmed by the Pledgor or any, successors, heirs or representatives of the Pledgor or any other persons through any legal proceedings. 

  
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	 	6.3	 To protect or perfect the security interest granted by this Agreement for the Contract Obligations and Secured
Indebtedness, the Pledgor hereby undertakes to execute in good faith and to cause other parties who have an interest in the Pledge to execute all certificates, agreements, deeds and/or covenants required by the Pledgee. The Pledgor also undertakes
to perform and to cause other parties who have an interest in the Pledge to perform actions required by the Pledgee, to facilitate the exercise by the Pledgee of its rights and authority granted thereto by this Agreement, and to enter into all
relevant documents regarding ownership of Equity Interest with the Pledgee or designee(s) of the Pledgee (natural persons/legal persons). The Pledgor undertakes to provide the Pledgee within a reasonable time with all notices, the orders and
decisions regarding the Pledge that are required by the Pledgee. 

  

	 	6.4	 The Pledgor hereby undertakes to comply with and perform all guarantees, promises, agreements, representations
and conditions under this Agreement. In the event of failure or partial performance of its guarantees, promises, agreements, representations and conditions, the Pledgor shall indemnify the Pledgee for all losses resulting therefrom.

  

	7.	 Event of Breach 

 

	 	7.1	 The following circumstances shall be deemed an Event of Default: 

 

	 	7.1.1	 The Pledgor’s any breach to any obligations under the Transaction Documents and/or this Agreement.

  

	 	7.1.2	 Party C’s any breach to any obligations under the Transaction Documents and/or this Agreement.

  

	 	7.2	 Upon notice or discovery of the occurrence of any circumstances or event that may lead to the aforementioned
circumstances described in Section 7.1, the Pledgor and Party C shall immediately notify the Pledgee in writing accordingly. 

  

	 	7.3	 Unless an Event of Default set forth in Section 7.1 has been successfully resolved to the Pledgee’s
satisfaction within twenty (20) days after the Pledgee and/or Party C delivers a notice to the Pledgor requesting ratification of such Event of Default, the Pledgee may issue a Notice of Default to the Pledgor in writing at any time thereafter,
demanding the Pledgor to immediately exercise the Pledge in accordance with the provisions of Section 8 of this Agreement. 

  

	8.	 Exercise of the Pledge 

 

	 	8.1	 The Pledgee shall issue a written Notice of Default to the Pledgor when it exercises the Pledge.

  

	 	8.2	 Subject to the provisions of Section 7.3, the Pledgee may exercise the right to enforce the Pledge at any
time after the issuance of the Notice of Default in accordance with Section 8.1. 

  
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	 	8.3	 After the Pledgee issues a Notice of Default to the Pledgor in accordance with Section 8.1, the Pledgee
may exercise any remedy measure under the applicable PRC laws, the Transaction Documents and this Agreement, including but not limited to being paid in priority with the Equity Interest based on the monetary valuation that such Equity Interest is
converted into or from the proceeds from the auction or sale of the Equity Interest. The Pledgee shall not be liable for any loss incurred by its duly exercise of such rights and powers. 

 

	 	8.4	 The proceeds from the exercise of the Pledge by the Pledgee shall be used to pay for the taxes and expenses
incurred as a result of disposing the Equity Interest and to perform the Contract Obligations and pay the Secured Indebtedness to the Pledgee prior and in preference to any other payment. After the payment of the aforementioned amounts, the
remaining balance shall be returned to the Pledgor or any other person who have rights to such balance under applicable laws or be deposited to the local notary public office where the Pledgor resides, with all expenses incurred being borne by the
Pledgor. To the extent not prohibited by the applicable PRC laws, the Pledgor shall unconditionally donate the aforementioned proceeds to the Pledgee or any other person designated by the Pledgee in the manner permitted by the PRC laws.

  

	 	8.5	 The Pledgee may exercise any remedy measure available to it simultaneously or in any order. The Pledgee may
exercise the priority right in compensation based on the monetary valuation that such Equity Interest is converted into or with the proceeds from the auction or sale of the Equity Interest under this Agreement, without being required to exercise any
other remedy measure first. 

  

	 	8.6	 The Pledgee is entitled to designate an attorney or other representatives to exercise the Pledge on its behalf,
and the Pledgor or Party C shall not raise any objection to such exercise. 

  

	 	8.7	 When the Pledgee disposes of the Pledge in accordance with this Agreement, the Pledgor and Party C shall
provide the necessary assistance to enable the Pledgee to enforce the Pledge in accordance with this Agreement. 

  

	9.	 Breach of Agreement 

 

	 	9.1	 If the Pledgor or Party C materially breaches any provision under this Agreement, or fails to perform, performs
incompletely or delays to perform any obligation under this Agreement, it shall constitute a breach under this Agreement on the part of the Pledgor or Party C (as the case may be). The Pledgee is entitled to require the Pledgor or Party C to rectify
or take remedial measures. If within ten (10) days after the Pledgee delivers a written notice to the Pledgor or Party C and requires for rectification (or within any other reasonable period required by the Pledgee), the Pledgor or Party C (as
the case may be) fails to rectify or take remedial measures, the Pledgee is entitled to, at its sole discretion, (1) terminate this Agreement and require the Pledgor or Party C (as the case may be) to compensate all the losses; or
(2) require specific performance of the obligations of the Pledgor or Party C (as the case may be) under this Agreement and require the Pledgor or Party C (as the case may be) to compensate all the losses. This Section shall not prejudice any
other rights of the Pledgee under this Agreement. 

  
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	 	9.2	 The Pledgor or Party C shall not have any right to terminate this Agreement unilaterally in any event unless
otherwise required by the applicable laws. 

  

	10.	 Assignment 

  

	 	10.1	 Without the Pledgee’s prior written consent, neither the Pledgor nor Party C shall assign or delegate
its/his rights and obligations under this Agreement. 

  

	 	10.2	 This Agreement shall be binding on the Pledgor and his/her successors, heirs (including who inherited the
Equity Interest) and permitted assigns, and shall be valid with respect to the Pledgee and each of his/her successors, heirs and permitted assigns. 

  

	 	10.3	 At any time, the Pledgee may assign any and all of its rights and obligations under the Transaction Documents
and this Agreement to its designee(s), in which case the assignees shall have the rights and obligations of the Pledgee under the Transaction Documents and this Agreement, as if it were the original party to the Transaction Documents and this
Agreement. 

  

	 	10.4	 In the event of change of the Pledgee due to assignment, the Pledgor and/or Party C shall, at the request of
the Pledgee, execute a new pledge agreement with the new pledgee on the same terms and conditions as this Agreement, and register the same with the competent AIC. 

 

	 	10.5	 The Pledgor and Party C shall strictly abide by the provisions of this Agreement and other contracts jointly or
separately executed by the Parties hereto or any of them, including the Transaction Documents, perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. Any
remaining rights of the Pledgor with respect to the Equity Interest pledged hereunder shall not be exercised by the Pledgor except in accordance with the written instructions of the Pledgee. 

 

	11.	 Termination 

  

	 	11.1	 Upon the fulfillment of all Contract Obligations and the full payment of all Secured Indebtedness by the
Pledgor and Party C, the Pledgee shall release the Pledge under this Agreement upon the Pledgor’s request as soon as reasonably practicable and shall assist the Pledgor in de-registering the Pledge from
the shareholders’ register of Party C and with the competent PRC local administration for industry and commerce. 

  
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	 	11.2	 The provisions under Sections 9, 13, 14 and 11.2 herein of this Agreement shall survive the expiration or
termination of this Agreement. 

  

	12.	 Handling Fees and Other Expenses 

All fees and out of pocket expenses relating to this Agreement, including but not limited to legal costs, costs of production, stamp tax and
any other taxes and fees, shall be borne by Party C. 
  

	13.	 Confidentiality 

The Parties acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between the Parties in
connection with the preparation and performance this Agreement are regarded as confidential information. Each Party shall maintain the confidentiality of all such confidential information, and without obtaining the written consent of the other
Party, it shall not disclose any relevant confidential information to any third parties, except for the information that: (a) is or will be in the public domain (other than through the receiving Party’s unauthorized disclosure); (b) is
under the obligation to be disclosed pursuant to the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government authorities; or (c) is required to be disclosed by any Party to its shareholders,
directors, employees, legal counsels or financial advisors regarding the transaction contemplated hereunder, provided that such shareholders, directors, employees, legal counsels or financial advisors shall be bound by the confidentiality
obligations similar to those set forth in this Section. Disclosure of any confidential information by the shareholders, director, employees of or agencies engaged by any Party shall be deemed disclosure of such confidential information by such Party
and such Party shall be held liable for breach of this Agreement. 
  

	14.	 Governing Law and Resolution of Disputes 

 

	 	14.1	 The execution, effectiveness, interpretation, performance, amendment and termination of this Agreement and the
resolution of disputes hereunder shall be governed by the laws of China. 

  

	 	14.2	 In the event of any dispute with respect to the interpretation and performance of this Agreement, the Parties
shall first resolve the dispute through friendly negotiations. In the event the Parties fail to reach an agreement on the dispute, either Party may submit the relevant dispute to the Shanghai International Economic and Trade Arbitration Commission
for arbitration, in accordance with the arbitration rules of such arbitration commission effective at that time. The place of the hearing of the arbitration shall be Shanghai. The arbitration award shall be final and binding on both Parties.

  
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	 	14.3	 Upon the occurrence of any disputes arising from the interpretation and performance of this Agreement or during
the pending arbitration of any dispute, except for the matters under dispute, the Parties to this Agreement shall continue to exercise their respective rights under this Agreement and perform their respective obligations under this Agreement.

  

	15.	 Severability 

In the event that one or several of the provisions of this Contract are held to be invalid, illegal or unenforceable in any aspect in
accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Contract shall not be affected or compromised in any respect. The Parties shall strive in good faith to replace such invalid,
illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the economic effect of such effective provisions shall be as close as possible to the
economic effect of those invalid, illegal or unenforceable provisions. 
  

	16.	 Attachments 

The attachments set forth herein shall be an integral part of this Agreement. 

 

	17.	 Effectiveness and Amendments 

 

	 	17.1	 This Agreement shall become effective upon execution by the Parties, until the Contract Obligations have been
fully performed and the Secured Indebtedness have been fully paid. 

  

	 	17.2	 Any amendment, change and supplement to this Agreement shall be made in writing by all of the Parties. Any
amendment agreement and supplementary agreement duly executed by the Parties hereto with regard to this Agreement shall constitute an integral part of this Agreement, and shall have equal legal validity as this Agreement. 

 

	18.	 Language and Counterparts 

This Agreement is written in English in four copies. The Pledgor, the Pledgee and Party C shall hold one copy respectively and the other copy
shall be used for registration. 
 The Remainder of this page is intentionally left blank 

  
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 IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this
Equity Interest Pledge Agreement as of the date first above written. 
  

			
	Pledgee:	 	NIO Co., Ltd.
		
	By:	 	 /s/ Lihong Qin

	Name:	 	Lihong QIN
	Title:	 	Legal Representative
		
	Pledgor:	 	Lihong QIN
		
	By:	 	 /s/ Lihong Qin

		
	Party C:	 	Shanghai Anbin Technology Co., Ltd.
		
	By:	 	 /s/ Lihong Qin

	Name:	 	Lihong QIN
	Title:	 	Legal Representative

 Attachments: 
  

	1.	 Shareholders’ Register of Party C; 

 

	2.	 The Capital Contribution Certificate for Party C; 

 

	3.	 Exclusive Business Cooperation Agreement; 

 

	4.	 Exclusive Option Agreement; 

 

	5.	 Loan Agreement 

  

	6.	 Power of Attorney.EX-10.14

 Exhibit 10.14 

Exclusive Business Cooperation Agreement 

This Exclusive Business Cooperation Agreement (this “Agreement”) is made and entered into by and between the following parties on
April 19, 2018 in Shanghai, the People’s Republic of China (“China” or the “PRC”). 
  

	Party  A:	 NIO Co., Ltd. 

	Address:	 Room 115, No. 569 Anchi Road, Anting Town, Jiading District, Shanghai 

 

	Party  B:	 Shanghai Anbin Technology Co., Ltd. 

	Address:	 Room J1289, Floor 4, No.5358, Huyi Road, Jiading District, Shanghai 

In this Agreement, each of Party A and Party B shall be hereinafter referred to as a “Party” individually, and as the
“Parties” collectively. 
 Whereas, 
  

	1.	 Party A is a wholly foreign-owned enterprise established in China, and has sufficient capacity, experience and
resources for the R&D of new energy automobiles and related components and for providing technical development, technical services and consultation in relation to new energy automobile and related components ; 

 

	2.	 Party B is a company established in China with exclusive domestic capital and as registered with the relevant
PRC government authorities, is permitted to engage in technical seivices and consultation in respect of automobiles and related components. The businesses conducted by Party B currently and at any time during the term of this Agreement are
collectively referred to as the “Principal Business”; 

  

	3.	 Party A is willing to provide Party B with technical development, technical support, management consultation
and other related services on an exclusive basis in relation to the Principal Business during the term of this Agreement, utilizing its advantages in technology, team, and resources, and Party B is willing to accept such services provided by Party A
or Party A’s designee(s), each on the terms set forth herein. 

 Now, therefore, through mutual discussion, the
Parties have reached the following agreements: 
  

	1.	 Services Provided by Party A 

 

	 	1.1	 Party B hereby appoints Party A as Party B’s exclusive services provider to provide Party B with
comprehensive technical support, consulting services and other related services during the term of this Agreement, in accordance with the terms and conditions of this Agreement, including but not limited to the following: 

 

	 	(1)	 Licensing Party B to use the technology and software legally owned by Party A in relation to the Principal
Business; 

  
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	 	(2)	 Design, development, maintenance and updating of technologies necessary for Party B’s Principal Business,
and provision of related technical consultation and technical services; 

  

	 	(3)	 Design, installation, daily management, maintenance and updating of related database; 

 

	 	(4)	 Technical support and training for employees of Party B; 

 

	 	(5)	 Assisting Party B in collection and research of technology and market information (excluding market research
business that wholly foreign-owned enterprises are restricted from conducting under PRC law); 

  

	 	(6)	 Providing business and management consultation for Party B; 

 

	 	(7)	 Providing marketing and promotional services for Party B; 

 

	 	(8)	 Development and testing of new products; 

 

	 	(9)	 Leasing of equipments or properties; and 

 

	 	(10)	 Other related services requested by Party B from time to time to the extent permitted under PRC law.

  

	 	1.2	 Party B agrees to accept all the services provided by Party A. The Parties agree that Party A may appoint or
designate its affiliates or other qualified parties to provide Party B with the services under this Agreement (the parties designated by Party A may enter into certain agreements described in Section 1.3 with Party B). Party B further agrees
that unless with Party A’s prior written consent, during the term of this Agreement, Party B shall not directly or indirectly accept the same or any similar services provided by any third party and shall not establish same or similar
corporation relationships with any third party regarding the matters contemplated by this Agreement. 

  

	 	1.3	 Service Providing Methodology 

 

	 	1.3.1	 Party A and Party B agree that during the term of this Agreement, where necessary, Party B may enter into
further service agreements with Party A or any other party designated by Party A, which shall provide the specific contents, methods, personnel, and fees for the specific services. 

 

	 	1.3.2	 To fulfill this Agreement, Party A and Party B agree that during the term of this Agreement, where necessary,
Party B may enter into equipment or property lease agreements with Party A or any other party designated by Party A which shall permit Party B to use Party A’s relevant equipment or property based on the business needs of Party B.

  
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	 	1.3.3	 Party B hereby grants to Party A an irrevocable and exclusive option to purchase from Party B, at Party
A’s sole discretion, any or all of the assets and business of Party B, to the extent permitted under PRC law, and at the lowest purchase price permitted by PRC law. The Parties shall then enter into a separate assets or business transfer
agreement, specifying the terms and conditions of the transfer of the assets. 

  

	2.	 The Calculation and Payment of the Service Fees 

2.1 The fees payable by Party B to Party A during the term of this Agreement shall be calculated as follows: 

 

	 	2.1.1	 In consideration for the services provided by Party A hereunder, Party B shall pay a service fee to Party A on
annual basis (or at any time agreed by the Parties). The service fees for each year (or for any other period agreed by the Parties) shall consist of a management fee and a fee for services provided, which shall be reasonably determined by Party A
based on the following factors. Party A may provide separate confirmation letter and/or invoice to Party B to indicate the amount of service fees due for each service period; or the amount of services fees may be as set forth in the relevant
contracts separately executed by the Parties. 

  

	 	(1)	 Complexity and difficulty of the services provided by Party A; 

 

	 	(2)	 Seniority of and time consumed by the employees of Party A providing the services; 

 

	 	(3)	 Specific contents, scope and value of the services provided by Party A; 

 

	 	(4)	 Market price of the same type of services; 

 

	 	(5)	 Operation conditions of Party B. 

 

	 	2.1.2	 If Party A transfers or licenses technology to Party B, develops software or other technology as entrusted by
Party B, or leases equipments or properties to Party B, the technology transfer price, license price, development fees or rent shall be determined by the Parties separately based on the actual situations and/or set forth in the relevant contracts
separately executed by the Parties. 

  
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	3.	 Intellectual Property Rights and Confidentiality Clauses 

 

	 	3.1	 Party A shall have sole, exclusive and complete ownership, rights and interests in any and all intellectual
properties or intangible assets arising out of or created or developed during the performance of this Agreement by both Parties, including but not limited to copyrights, patents, patent applications, software, technical secrets, trade secrets and
others (to the extent not prohibited by the PRC laws). Unless expressly authorized by Party A, Party B is not entitled to any rights or interests in any intellectual property rights of Party A which are used by Party A in providing the services
pursuant to this Agreement. To ensure Party A’s rights under this Section, where necessary, Party B shall execute all appropriate documents, take all appropriate actions, submit all filings and/or applications, render all appropriate assistance
and otherwise conduct whatever is necessary as deemed by Party A at its sole discretion, for the purposes of vesting the ownership, right or interest of any such intellectual property rights and intangible assets in Party A, and/or perfecting the
protections of any such intellectual property rights and intangible assets for Party A (including registering such intellectual property rights and intangible assets under Party A’s name). 

 

	 	3.2	 The Parties acknowledge that the existence and the terms of this Agreement and any oral or written information
exchanged between the Parties in connection with the preparation and performance of this Agreement are regarded as confidential information. Each Party shall maintain confidentiality of all such confidential information, and without obtaining the
written consent of the other Party, it shall not disclose any relevant confidential information to any third party, except for the information that: (a) is or will be in the public domain (other than through the receiving Party’s
unauthorized disclosure); (b) is under the obligation to be disclosed pursuant to the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government authorities; or (c) is required to be disclosed by any
Party to its shareholders, directors, employees, legal counsels or financial advisors regarding the transaction contemplated hereunder, provided that such shareholders, directors, employees, legal counsels or financial advisors shall be bound by the
confidentiality obligations similar to those set forth in this Section. Disclosure of any confidential information by the shareholders, director, employees of or agencies engaged by any Party shall be deemed disclosure of such confidential
information by such Party and such Party shall be held liable for breach of this Agreement. 

  

	4.	 Representations and Warranties 

4.1 Party A hereby represents, warrants and covenants as follows: 
  

	 	4.1.1	 Party A is a wholly foreign-owned enterprise legally established and validly existing in accordance with the
laws of China; Party A or the service providers designated by Party A will obtain all government permits and licenses necessary for providing the service under this Agreement (if required) before providing such services. 

 

	 	4.1.2	 Party A has taken all necessary corporate actions, obtained all necessary authorizations as well as all
consents and approvals from third parties and government agencies (if required) for the execution, delivery and performance of this Agreement. Party A’s execution, delivery and performance of this Agreement do not violate any explicit
requirements under any law or regulation. 

  
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	 	4.1.3	 This Agreement constitutes Party A’s legal, valid and binding obligations, enforceable against it in
accordance with its terms. 

 4.2 Party B hereby represents, warrants and covenants as follows: 

 

	 	4.2.1.	 Party B is a company legally established and validly existing in accordance with the laws of China and has
obtained and will maintain all permits and licenses for engaging in the Principal Business in a timely manner. 

  

	 	4.2.2.	 Party B has taken all necessary corporate actions, obtained all necessary authorizations as well as all
consents and approvals from third parties and government agencies (if required) for the execution, delivery and performance of this Agreement. Party B’s execution, delivery and performance of this Agreement do not violate any explicit
requirements under any law or regulation. 

  

	 	4.2.3.	 This Agreement constitutes Party B’s legal, valid and binding obligations, and shall be enforceable
against it in accordance with its terms. 

  

	5.	 Term of Agreement 

 

	 	5.1	 This Agreement shall become effective upon execution by the Parties. Unless terminated in accordance with the
provisions of this Agreement or terminated in writing by Party A, this Agreement shall remain effective. 

  

	 	5.2	 During the term of this Agreement, each Party shall renew its operation term prior to the expiration thereof
and endeavor to obtain the approval of, and complete registration with, the competent authorities for such renewal, so as to enable this Agreement to remain effective. This Agreement shall be terminated upon the expiration of the operation term of a
Party if the application for the renewal of its operation term is not approved by the competent government authorities. 

  

	 	5.3	 The rights and obligations of the Parties under Sections 3, 6, 7 and this Section 5.3 shall survive the
termination of this Agreement. 

  

	6.	 Governing Law and Resolution of Disputes 

 

	 	6.1	 The execution, effectiveness, interpretation, performance, amendment and termination of this Agreement and the
resolution of disputes hereunder shall be governed by the laws of China. 

  

	 	6.2	 In the event of any dispute with respect to the interpretation and performance of this Agreement, the Parties
shall first resolve the dispute through friendly negotiations. In the event the Parties fail to reach an agreement on the dispute, either Party may submit the relevant dispute to the Shanghai International Economic and Trade Arbitration Commission
for arbitration, in accordance with the arbitration rules of such arbitration commission effective at that time. The place of the hearing of the arbitration shall be Shanghai. The arbitration award shall be final and binding on both Parties.

  
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	 	6.3	 Upon the occurrence of any disputes arising from the interpretation and performance of this Agreement or during
the pending arbitration of any dispute, except for the matters under dispute, the Parties shall continue to exercise their respective rights under this Agreement and perform their respective obligations under this Agreement. 

 

	7.	 Breach of Agreement and Indemnification 

 

	 	7.1	 If Party B materially breaches any provision under this Agreement, or fails to perform, performs incompletely
or delays to perform any obligation under this Agreement, it shall constitute a breach under this Agreement on the part of Party B. Party A is entitled to require Party B to rectify or take remedial measures. If Party B fails to rectify or take
remedial measures within ten (10) days after Party A delivers a written notice to Party B and requires for rectification (or within any other reasonable period required by Party A), Party A is entitled to, at its sole discretion,
(1) terminate this Agreement and require Party B to compensate all the losses; or (2) require specific performance of the obligations of Party B under this Agreement and require Party B to compensate all the losses. This Section shall not
prejudice any other rights of Party A under this Agreement. 

  

	 	7.2	 Unless otherwise required by the applicable laws, Party B shall not unilaterally terminate this Agreement in
any event. 

  

	 	7.3	 Party B shall indemnify Party A and hold Party A harmless from any losses, damages, obligations or expenses
caused by any lawsuit, claims or other demands raised by any third party against Party A arising from or caused by the services provided by Party A to Party B pursuant this Agreement, except where such losses, damages, obligations or expenses arise
from the gross negligence or willful misconduct of Party A. 

  

	8.	 Force Majeure 

 

	 	8.1	 In the case of any force majeure events (“Force Majeure”) such as earthquakes, typhoons, floods,
fires, flu, wars, riots, strikes or any other events that cannot be predicted and are unpreventable and unavoidable by the affected Party, which causes the failure of either Party to perform or completely perform this Agreement or perform this
Agreement on time, the Party affected by such Force Majeure shall not be liable for this. However, the Party affected by such Force Majeure shall give the other Party written notices without any delay, and shall provide details and related documents
evidencing such event within 15 days after sending out such notice, explaining the reasons for such failure of, partial or delay of performance. 

  
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	 	8.2	 If such Party claiming Force Majeure fails to notify the other Party and furnish it with proof pursuant to the
above provision, such Party shall not be excused from the non-performance, incomplete performance or delay of performance of its obligations hereunder. The Party so affected by the event of Force Majeure shall
use reasonable efforts to minimize the consequences of such Force Majeure and to promptly resume performance hereunder whenever the causes of such excuse are cured. Should the Party so affected by the event of Force Majeure fail to resume
performance hereunder when the causes of such excuse are cured, such Party shall be liable to the other Party. 

  

	 	8.3	 In the event of Force Majeure, the Parties shall immediately consult with each other to find an equitable
solution and shall use all reasonable endeavours to minimize the consequences of such Force Majeure. 

  

	9.	 Assignment 

  

	 	9.1	 Without Party A’s prior written consent, Party B shall not assign its rights and obligations under this
Agreement to any third party. 

  

	 	9.2	 Party B agrees that unless expressly required by the applicable laws otherwise, Party A may assign its
obligations and rights under this Agreement to any third party and in case of such assignment, Party A is only required to give written notice to Party B and does not need any consent from Party B for such assignment. 

 

	10.	 Severability 

In the event that one or several of the provisions of this Agreement are held to be invalid, illegal or unenforceable in any aspect in
accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any aspect. The Parties shall negotiate in good faith to replace such invalid,
illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the economic effect of such effective provisions shall be as close as possible to the
economic effect of those invalid, illegal or unenforceable provisions. 
  

	11.	 Amendments and Supplements 

Any amendment, change and supplement to this Agreement shall be made in writing by all of the Parties. Any amendment agreement and
supplementary agreement duly executed by the Parties hereto with regard to this Agreement shall constitute an integral part of this Agreement, and shall have equal legal validity as this Agreement. 

  
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	12.	 Successors 

The terms of this Agreement shall be binding on the Parties hereto and their respective successors and permitted assigns, and shall be valid
with respect to the Parties and each of their successors and permitted assigns. 
  

	13.	 Language and Counterparts 

This Agreement is written in English language in two copies, each Party having one copy. 

  
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 IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this
Exclusive Business Cooperation Agreement as of the date first above written. 
  

			
	Party A:	 	NIO Co., Ltd.
		
	By:	 	 /s/ Lihong Qin

	Name:	 	QIN Lihong
	Title:	 	Legal Representative
		
	Party B:	 	Shanghai Anbin Technology Co., Ltd.
		
	By:	 	 /s/ Lihong Qin

	Name:	 	QIN Lihong
	Title:	 	Legal Representative

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