Nio Inc.

Nio Inc.
FormerlyNextEV (2014–2016)
Company typePublic
ISINUS62914V1061
IndustryAutomotive
FoundedNovember 2014; 10 years ago (2014-11)
FounderWilliam Li
Headquarters,
China
Area served
Key people
ProductsElectric vehicles
Production output
Increase 160,038 vehicles (2023)
Brands
RevenueIncrease CN¥16.258 billion (2020)
Decrease CN¥−15.641 billion (2022)
Increase CN¥−5.611 billion (2020)
Total assetsIncrease CN¥96.263 billion (2022)
Total equityIncrease CN¥27.171 billion (2020)
Number of employees
20,000+ (2023)
DivisionsERT Formula E Team
Chinese name
Simplified Chinese上海蔚来汽车有限公司
Traditional Chinese上海蔚來汽車有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinShànghǎi Wèilái Qìchē Yǒuxiàn Gōngsī
Business name
Simplified Chinese蔚来汽车
Traditional Chinese蔚來汽車
Literal meaningSky-Blue Coming Motor Vehicles
Transcriptions
Standard Mandarin
Hanyu PinyinWèilái Qìchē
IPA[wêɪlǎɪ tɕʰîʈʂʰɤ́]
Websitenio.com
Footnotes / references
[1][2][3]

Nio Inc. (Chinese: 蔚来; pinyin: Wèilái; stylized as NIO) is a Chinese multinational automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric vehicles. The company was established in 2014, and adopted its current name in 2016. In 2018, Nio filed for an initial public offering on the New York Stock Exchange. The company expanded its sales to the European market in 2021. As of 2023, Nio has two manufacturing plants in Hefei, Anhui Province, China, in collaboration with state-owned vehicle manufacturer JAC Group.[4]

The company is notable for developing and operating battery-swapping stations for its vehicles, as an alternative to conventional charging stations. It operates over 1,300 battery swap stations in China.[5] It also develops semi-autonomous and autonomous vehicle technologies. Nio has participated in Formula E racing since 2014. In 2024, Nio established a new electric car brand called Onvo, targeting the mainstream market.

  1. ^ "About". NIO. Retrieved 11 April 2022.
  2. ^ "NIO Inc. Fourth Quarter and Full Year 2020 Financial Results". www.nio.com. Retrieved 2 March 2021.
  3. ^ "NIO: About | LinkedIn". www.linkedin.com. Retrieved 2 March 2021.
  4. ^ Dixon, Tim (7 December 2023). "NIO Gains Manufacturing Qualification & Buys Factories". CleanTechnica. Retrieved 16 May 2024.
  5. ^ "Will swapping out electric car batteries catch on?". BBC News. 16 May 2022. Retrieved 26 May 2022.