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 new battery swap stations, bringing total to 304

    The battery swap station in Shenzhen is the company's 304th and is also its 100th second-generation battery swap station, 86 days after the first second-generation product went into operation on April 15.

  • With billions of dollars in cash, Nio lays out ambitious plans for energy replenishment system construction

    By the end of 2025, Nio will have more than 4,000 battery swap stations worldwide, including 1,000 in overseas markets.

  • Nio, Xpeng, Li Auto: Which cities are their consumers from?

    Shanghai contributes 24 percent of Nio's sales in January-May. It is followed by Beijing with 8 percent, Hangzhou with 7 percent, Guangzhou with 5 percent, and Shenzhen with 5 percent.

  • Nio's next stop overseas could be Germany as it's hiring general manager for local operations

    With Nio's vehicle deliveries in Norway expected to begin in two months, speculation has begun as to where its next stop overseas might be, and Germany has come into sight.

  • Nio's 301st battery swap station comes online, first this month

    Nio put battery swap stations into operation at an unprecedented rate in the second half of June, bringing the number of such facilities to 300 by the end of the first half of the year. Heading into July, Nio's moves slowed down.

  • Nio starts shipping battery swap stations and superchargers to Norway

    Nio's first battery swap stations and superchargers have begun shipping to Norway and are expected to arrive in early August, marking the company's latest progress in expanding into overseas markets.

  • CICC expects 70,000 units of Nio ET7 to be delivered next year

    A month ago there were rumors that Nio has a delivery target of 50,000 units for its flagship sedan ET7 in 2022, which, in analysts' eyes, is conservative.

  • Disruption & destruction of century old SG&A expenses in auto industry – Nio style

    Disruption & Destruction of SG&A Expenses Nio Style – Make Nio Owner Income Producer – Turn SG&A Generated Existing Nio Owner into Big Nio Profit Center.

  • CICC raises Nio price target by 11% to $69

    Nio's established advantages are likely to expand in a non-linear and accelerated manner driven by user growth and autonomous driving, said CICC.

  • CICC raises its forecast for Nio's sales this year by 5% to 98,000 units

    After China's new car makers posted a bright June sales performance, CICC expects their production and sales to remain strong in the second half of the year.