Nio

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Nio is a Chinese EV maker that produces battery swap-enabled cars. It now has three brands: Nio, Onvo, and Firefly.
Founded: Nov 2014
Founder: William Li
Ticker: NYSE: NIO
HQ: Shanghai
2024 revenue: RMB 65.73 billion
Website: nio.cn
  • Nio adds 3 electric drive production lines with planned annual capacity of 1 million units

    Two of the lines will begin mass production this year, while the other is expected to reach mass production by October 2024.

  • Nio moving faster on facelift of existing models, report says

    The revamping of Nio's existing models is set to move ahead of schedule, with deliveries of the first such model next set to begin in the first quarter of next year, according to local media.

  • Nio sub-brand Alps' debut model to begin pilot production in Nov, report says

    Alps' first model, internally codenamed DOM, will be produced on production lines shared with Nio models, according to local media.

  • China NEV market share in Sept: BYD 34.5%, Tesla 5.8%, Nio 2.1%

    In the January-September period, BYD took first place with a 36.3 percent share, Tesla was second with 8.4 percent and Nio was ninth with 2.1 percent.

  • Nio Sept deliveries breakdown: ES6 contributes 50.48% with 7,896 units

    ES6 deliveries in September were down 8.2 percent from August, but its contribution to Nio's monthly deliveries rose.

  • Nio's 2 priciest models, ES8 and EC7, both see wait times reduced to 3-4 weeks

    Three days ago, on October 8, wait times for four of Nio's least expensive models were all reduced to 2-3 weeks.

  • China EV insurance registrations for week ending Oct 8: Li Auto 6,900, Nio 1,300, Xpeng 1,300

    Most of last week was covered by China's long National Day holiday -- which ran from September 29 to October 6.

  • CATL rumored to have given lower prices for batteries supplied to Nio and Zeekr

    Nio CEO William Li told CnEVPost last month that every RMB 50,000 drop in the price of lithium carbonate would result in roughly a 1.5 percent improvement in gross margin for the company.

  • Nio reaches 30 millionth battery swap service milestone

    Nio took four years to deliver its first 10 million battery swap service and nine months to achieve its second 10 million. Its third 10 million service took six months.

  • Nio exec explains how battery swap provides better experience on long trips

    Although Nio's battery swap stations along highways provide four times as many services as on normal days, the length of a single service is still under 12 minutes.