Company Name: NIO Inc.
Industry: Auto Manufacturers
Sector: Consumer Cyclical
Description: NIO Inc. is one of the leading electric vehicle companies in China that designs, develops, manufactures, and sells smart and connected premium electric vehicles. The company also offers battery swapping and other power solutions, as well as vehicle financing and service packages.
The company’s flagship vehicle is the ES8, a seven-seater electric SUV, which was launched in 2018. The company also offers the ES6, a five-seater electric SUV, which was launched in 2019, and the EC6, a five-seater electric coupe SUV, which was launched in 2020. The company’s latest vehicle is the ET9, a smart electric sedan that was unveiled in 2023. The ET9 features a sleek design, a spacious interior, a dual-motor all-wheel-drive system, and a range of up to 1,000 km with a 150 kWh battery pack.
The company also offers various power solutions, such as NIO Power Home, a home charging solution; NIO Power Swap, a battery swapping service; NIO Power Charger, a fast charging network; NIO Power Mobile, a mobile charging service; and NIO Power Cloud, a cloud-based platform that provides access to the power network. The company also provides NIO Pilot, an advanced driver assistance system, and NIO Autonomous Driving, a full-stack autonomous driving solution.
The company also offers NIO Service, a comprehensive service network that covers vehicle repair, maintenance, and bodywork; NIO Care, a vehicle warranty and insurance program; NIO House, a network of exclusive clubhouses for NIO users; and NIO Life, a lifestyle brand that offers a range of products and services.
NIO Inc. is investing heavily in its core technologies, such as battery, electric motors, and software, to improve the performance, safety, and intelligence of its vehicles. The company is also developing its global presence and partnerships, such as in Europe and North America, to tap into new markets and opportunities.
NIO Inc. was formerly known as NextEV Inc. and changed its name to NIO Inc. in July 2017. Its headquarters are located in Shanghai, China.
CEO: Mr. William Li
Website: https://www.nio.comExchange: New York Stock Exchange