NIO

NIO Inc. is a global smart electric vehicle (EV) company based in Shanghai, China, founded in 2014. The company designs, develops, manufactures, and sells high-performance smart electric vehicles, powertrains, and batteries. NIO is known for its innovations in autonomous driving and battery-swapping technologies, aiming to enhance the user experience and promote a joyful lifestyle. NIO's product lineup includes several models, such as the ES8, ES6, EC6, ET7, and ET5, catering to premium and family-oriented customers. The company has pioneered the Battery as a Service (BaaS) model, allowing customers to purchase vehicles without batteries, which reduces costs and addresses concerns about battery life. NIO also operates battery swap stations for quick battery replacements and has developed autonomous driving technologies, with plans for advanced autonomy in its vehicles. With a strong presence in China and ongoing global expansion, NIO has established R&D and service facilities in various locations, including the US and Europe. The company has seen significant growth, delivering over 221,000 vehicles by 2024 and achieving a valuation of approximately US$100 billion.