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 delivered record 10,628 units in Sept, surpassing 10k threshold for first time

    Nio delivered a record 10,628 vehicles in September, exceeding the 10k threshold for the first time and also ahead of Xpeng Motors' 10,412 units.

  • Nio ES8 starts at lower price in Norway than in China, offers battery rental option

    The Nio ES8 will start at a lower price in Norway than in China, fulfilling a previous promise by company executives not to pursue higher gross margins.

  • Will China's power crunch affect Nio?

    Shen Fei, vice president of Nio Power, said the company is continuously monitoring and evaluating.

  • Nio invests in CAAM affiliate with 10% stake

    The CAAM launched its blockchain-based Vehicle Data Blockchain Platform in late June, and the company is likely to be the operating entity for the platform.

  • Nio's battery asset operator to establish $15.5 million research institute

    The institute aims to build a power battery recycling system and conduct research related to battery materials.

  • HSBC lowers its price target on Nio from $69 to $47

    HSBC expects Nio's product cycle to pick up momentum in 2022 with new models.

  • Nio's swap stations along highways exceed 100

    Nio plans to increase the number of battery swap stations along highways to 169 by February 1.

  • Nio ES8 becomes designated vehicle for 2nd China-Africa trade expo

    As the only local Chinese brand with a firm foothold in the premium market, it is no surprise that Nio has been chosen as the official car for the high-end event.

  • Nio to buy back more Nio China equity from strategic investors

    Nio, which has become more financially solid, continues to buy back stakes in Nio China, and its stake will rise to 92.114 percent after the latest move.

  • Nio says ET7 achieves drag coefficient of 0.208, same as Tesla Model S Plaid

    Nio's ET7 has a drag coefficient of 0.208, the same as that of the Model S Plaid, which Tesla calls is the "lowest-drag car on Earth."