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's William Li exits from exec team of affiliated firm of ride-hailing platform Dida

    Dida filed to list in Hong Kong back in October 2020, but has so far been unsuccessful in doing so.

  • Nio's 900th battery swap station put into operation

    To date, Nio has provided more than 8 million battery swap services, with 9 customers using the service more than 1,000 times.

  • Nio owns 63% of all battery swap stations in China

    Nio, Aulton and Botan are the leading battery swap station operators in China, with 1,452 battery swap stations as of March.

  • Nio's sales beat BMW, Mercedes-Benz and Audi's BEVs combined in China in March

    Nio sold 9,829 units in March, higher than BMW's 3,123 units, Mercedes-Benz's 1,199 units and Audi's 116 units of BEVs in China, according to CATARC data.

  • Nio has built 175 charging and swap stations with Sinopec as partnership marks first anniversary

    Nio and Sinopec will increase their efforts in charging and battery swap infrastructure deployment and explore more possibilities for cooperation, including new materials.

  • Nio's Hefei plant gradually resuming production, report says

    Nio's supply chain is now slightly recovered and the Hefei plant is gradually resuming production, local media quoted an Nio insider as saying.

  • Nio completes battery swap network covering highways in Greater Bay Area around Guangzhou

    To date, Nio has 892 battery swap stations in China, 237 of which are located along highways.

  • Nio's production lines not in complete halt, Nomura says

    Nio's production lines are still running on weekdays, albeit on a limited scale, and the halt is limited to weekends, according to Nomura.

  • Nio to hike prices on May 10, including vehicle prices and battery rental fees

    Nio originally intended to bear the cost pressure itself, but was forced to raise prices under the new impact of the Covid outbreak, said William Li.

  • Nio saw parts supply disruptions in mid-March and inventory kept production going until last week

    William Li is currently in Shanghai and like many others is facing a tight supply of necessities, allegedly trading green onions for salt with someone in a WeChat group.