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NIO Inc., a prominent Chinese multinational automobile manufacturer based in Shanghai, specializes in designing and developing electric vehicles. Founded in 2014, the company adopted its current name in 2016. By 2018, NIO filed for an IPO on the New York Stock Exchange (NYSE). The company expanded its sales to the European market in 2021. As of 2023, NIO operates two manufacturing plants in Hefei, Anhui, China, in collaboration with the state-owned manufacturer JAC Group.

Notably, NIO has developed and operates over 1,300 battery-swapping stations in China as an alternative to conventional charging stations. The company is also advancing semi-autonomous and autonomous vehicle technologies. NIO has been a participant in Formula E racing since 2014. In 2024, NIO launched a new electric car brand called Onvo, aimed at the mainstream market.

NIO stock made its debut on the NYSE in September 2018, raising approximately $1 billion through the sale of American depositary shares (ADS) priced at $6.26 each, trading under the ticker symbol NIO. This move marked a significant milestone for the Chinese electric vehicle manufacturer, highlighting its growth and potential in the global market.

After the brand launch at the Saatchi Gallery in London in 2016, several companies, including Tencent, Temasek, Sequoia, Lenovo, and TPG, invested in NIO Stock. The brand's first model, the NIO EP9 sports car, debuted the same day the brand was established.

In October 2016, NIO announced that it had received an "Autonomous Vehicle Testing Permit" from the California DMV. This permit allowed NIO to begin testing on public roads under the "Autonomous Vehicle Tester Program" guidelines as part of its autonomous vehicle program. According to the company, it planned to launch vehicles with level-three and level-four autonomy.

By May 2018, NIO had opened its first battery swap station in Nanshan, Shenzhen, Guangdong, China, known as the "Power Swap Station." Initially, only batteries for ES8 cars were available at this station.

In September 2018, NIO filed for a $1.8 billion initial public offering on the New York Stock Exchange. However, by 2020, NIO was on the brink of bankruptcy, and its share price had fallen 62% since its IPO. The government of Hefei acquired a 25% stake in NIO. In late April 2020, NIO announced approximately $1 billion in new funding from a group of Chinese investors, which was crucial for the struggling company. As part of the deal, NIO transferred assets to a new subsidiary called NIO China, headquartered in Hefei. Hefei's government also helped NIO secure loans from six local banks to develop its supply chain for batteries, engines, and control systems. Over the next year, NIO's car production increased by 81%, and the company's valuation soared to $100 billion.

In August 2020, NIO launched Battery as a Service (BaaS) and formed a battery asset management company in collaboration with Contemporary Amperex Technology Co., Limited (CATL), Hubei Science Technology Investment Group Co., Ltd., and a subsidiary of Guotai Junan International Holdings Limited. Each entity contributed roughly $31.6 million (CNY 200 million) into the venture for 25% equity. BaaS helps lower the purchase price of NIO electric vehicles by about 25%.

In May 2021, NIO announced its Norway expansion plan, stating it would begin delivering cars to Norway by September 2021. In the third quarter of 2021, NIO delivered 24,439 ES8, ES6, and EC6 models, setting a new quarterly record and representing a growth of 100.2% year over year. In 2021, the company announced plans to expand to 25 different countries and regions by 2025.

In August 2023, NIO Capital led the A-round financing of Mavel, a provider of electric drive solutions. In the same month, NIO announced that it had been selected to provide electric cars for Oslo-based taxis in Norway.

On December 14, 2023, NIO founder, chairman, and CEO William Li stated at a corporate communication meeting that to cope with competition, NIO has clarified its next brand and product layout. NIO's second brand will focus on the family market and is expected to have only three models in its entire life cycle. This brand will also help NIO enter the 200,000 yuan ($25,000) market.

In December 2023, NIO obtained the production qualification for automobiles and announced the acquisition of JAC factories manufacturing NIO vehicles for CNY 3.158 billion, marking the end of JAC's OEM business for NIO.

Technologies

Nomi AI The interior of a NIO ET7 featuring Nomi Nomi is NIO's digital assistant designed to enhance driver and passenger engagement. NIO claims it to be the world's first in-car AI system for production vehicles. The Nomi Mate 2.0 boasts a circular AMOLED display and integrates artificial intelligence with a human-like interface that swivels and blinks its oval ‘eyes’ to interact with each vehicle occupant based on their location. Over time, Nomi learns user preferences to better understand the specific context of the car in relation to its owner. For instance, Nomi can automatically set personal seating and steering wheel positions when it detects the driver approaching the vehicle. Users can also issue verbal commands to Nomi to adjust cabin temperature, open or close windows, or even take an in-car selfie and display it on the radio screen.

NIO Pilot NIO Pilot is the company's SAE level 2 semi-autonomous system, offering advanced driver-assistance system (ADAS) features. It debuted with the launch of NIO's ES8 model and has received several over-the-air updates throughout 2018 and 2019. These updates have enhanced NIO Pilot with features such as lane keeping, adaptive cruise control, lane departure warning, automatic emergency braking, highway pilot (NIO Navigate on Pilot, NNOP), traffic jam assistance, auto lane change, and more. The NIO Pilot sensor suite includes 23 sensors, featuring a trifocal forward camera, 5 radars, 12 ultrasonic sensors, and a driver monitoring camera. NIO was the first automaker to utilize Mobileye's EyeQ4 vision chip in a car model.

In August 2021, a tragic incident occurred when Lin Wenqin, a 31-year-old Chinese man, was killed after his NIO ES8 collided with a construction vehicle. The self-driving feature was still in beta and could not handle static obstacles. Although the vehicle's manual clearly stated that the driver must take over near construction sites, questions arose about whether the feature was improperly marketed and unsafe. The family of the deceased raised concerns about NIO's private access to the vehicle data, suggesting the potential for data falsification.

Aquila (NIO Autonomous Driving) In November 2019, NIO announced a partnership with Mobileye to develop a consumer car equipped with Mobileye's complete Level 4 self-driving system, called Aquila, which was expected to be available to consumers by 2022. Aquila features 33 sensors, including 11 high-resolution cameras, LiDAR, 5 radars, 12 ultrasonic sensors, and two high-precision positioning units: V2X and ADMS. The system first appeared on the NIO ET7, with deliveries beginning in Q1 of 2022.

The new NIO Adam supercomputer is one of the most powerful platforms to run in a vehicle. With four Nvidia Drive Orin processors, Adam achieves more than 1,000 TOPS of performance. All of NIO's NT 2.0 platform vehicles — including the ET7, ET5, ES7, EC7, and the 2nd Gen ES8 — are built on the NIO Adam supercomputer, powered by four Nvidia Drive Orin systems-on-a-chip (SoC).

For those interested in investing in cutting-edge automotive technology, NIO stock offers a compelling opportunity. Keep an eye on NIO stock as the company continues to innovate and lead in the development of autonomous driving and in-car AI systems.

Divisions

NIO Phone On February 22, 2022, NIO announced plans to enter China's smartphone market with its own handsets. The company has established a smartphone division in Shenzhen and is actively hiring staff to expand the team. This move follows similar initiatives by automakers like Geely and Volvo.

The first NIO Phone was launched in September 2023, featuring a Qualcomm Snapdragon 8 Gen 2 system-on-chip and a 6.81-inch curved screen with 2K resolution from Samsung Display. The device boasts a 5200 mAh battery that supports 66-watt wired charging, 50-watt wireless charging, and 10-watt reverse charging. An action button on the phone allows drivers to access over 30 EV-related functions. CEO William Li believes competitors will learn from these smartphone innovations, although the primary goal appears to be data collection rather than making the phone a significant revenue contributor.

NIO Life NIO Life is the company's lifestyle design brand, launched in 2018 with a capsule collection in collaboration with Hussein Chalayan. In 2021, NIO Life introduced its sustainable fashion label "Blue Sky Lab," partnering with the Parsons School of Design to challenge students to create new products from leftover car manufacturing materials, thus providing opportunities for young designers.

NIO Service NIO Service is the company's network of service centers. NIO users can request a "pick-up-and-delivery" service for their cars to the service center. Additionally, mobile service vehicles can perform simple maintenance tasks on demand.

NIO Power NIO Power is the company's extensive network of battery swap stations, power mobile units, power home units, and superchargers. As of December 31, 2022, NIO operates 1,305 swap stations across China, including 346 along highways. In addition to the battery swap stations, NIO has 1,223 supercharging stations and 1,058 destination charging stations in China.

Performance & Engineering

NIO's performance and engineering division has offices worldwide, including in the UK, Germany, and the USA.

XPT XPT is a subsidiary of NIO with locations in Nanjing, Hefei, and Shanghai. NIO acquired full ownership of XPT in November 2020 by buying out its minority partners. XPT designs and manufactures key components for NIO's supply chain, including EV car motors, powertrains, and gearboxes, which are later assembled by NIO and its assembly partners. NIO operates XPT as a separate business, intending for it to become a supplier for other companies in the future.

NIO Stock Investors interested in NIO Stock should note the company's diverse ventures, from the innovative NIO Phone to the extensive NIO Power network. NIO's strategic moves in the smartphone market and its commitment to sustainable fashion and comprehensive service options make it a compelling choice for those looking to invest in a forward-thinking automotive and technology company.

MANAGEMENT

William Li William Li is a Chinese business executive and entrepreneur, best known as the founder and CEO of NIO. In June 2021, the Bloomberg Billionaires Index estimated Li's net worth at approximately $7.11 billion. Li has co-founded and invested in over 40 companies within the internet and automotive industries, making a significant impact on the sector.

Awards and Honors:

• GQ China Entrepreneur of the Year – 2017
• China Automobile Dealers Association Person of the Year – 2017
• 2017 Top 10 Economic Personages of China
• Forbes Most Intriguing Newcomer in the Transportation Awards – 2020
• TopGear.com Electric Awards 2024: EV Person of the Year

Lihong Qin Lihong Qin is a Chinese business executive and co-founder of NIO. He plays a vital role as the CEO of the electric car manufacturer.

Kris Tomasson Kris Tomasson, an American industrial designer, serves as the Vice President of Design at NIO. Born in New York, he studied transportation design at the Art Center College of Design in Pasadena, California, graduating with honors. Tomasson's career includes stints at BMW, the Arnell Group, The Coca-Cola Company, Gulfstream Aerospace, and Ford. In June 2015, he transitioned from BMW to NextEV, which later became NIO. He is based in NIO's design studio located in Munich/Bogenhausen.

Hui Zhang Hui Zhang is the Vice President of NIO Europe, overseeing operations in both Germany and the UK. After completing his MBA in International Management at Pforzheim University of Applied Sciences in 2002, Zhang worked in various roles, including purchasing and supply chain management at VOITH AG, and as Vice General Manager at Kiekert AG. He also served as General Manager at Lotus and was responsible for Business Group Industry and Healthcare China at Leoni AG. Zhang is the Deputy Chairman of the Chinese Chamber of Commerce in Germany.

Public Listing

In September 2018, NIO listed on the NYSE, raising approximately $1 billion by selling American depositary shares at $6.26 each. The shares began trading under the symbol NIO. During its IPO preparations, NIO informed investors about plans for a new factory in Shanghai. However, by March 2019, the company disclosed that the factory would not be built, as construction had never commenced. This led to lawsuits from investors, accusing NIO's promoters, including Morgan Stanley and Goldman Sachs, of negligence in examining the company's financial statements.

NIO Stock

NIO's journey in the electric vehicle (EV) market has been dynamic and eventful. The company's stock, traded under the symbol NIO, has seen various fluctuations, reflecting its ambitious projects and the challenges it has faced. For investors and enthusiasts, keeping an eye on NIO stock is crucial for staying updated on the latest developments in the EV industry.