Nio Inc (NIO) is an automobile company that researches, develops, produces and sells smart electric vehicles, powertrains and batteries. The company offers smart electric flagship sedans, electric tourers and electric Flagship Coupé SUVs including es7, es8, es6, et5, et7, ec6. It also develops battery-swapping technologies and autonomous driving technologies. Its services comprise a lifetime free warranty, lifetime free roadside rescue and lifetime free car connectivity. The company's electric vehicles apply NAD (NIO autonomous driving) technology, including the supercomputing platform NIO Adam and the super sensing system NIO Aquila. The company also provides charging piles, vehicle internet connection services and extended lifetime warranties. It operates in the Netherlands, China, Hong Kong, Germany, Norway and the US. NIO is headquartered in Shanghai, China.
Headquarters
China
Address
Building 19, No. 1355, Caobao Road, Minhang District, Shanghai, 200233
Website
ir.nio.com
Telephone
86 21 69082018
No of Employees
32,820
Industry
Automotive
Ticker Symbol & Exchange
NIO (NYSE)
Revenue (2022)
$7.9B
12.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-45.2%
(2022 vs 2021)
Market Cap*
$8.5B
Net Profit Margin (2022)
XYZ
-28.7%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Products | Services | Brands |
|---|---|---|
| Electric Powertrain and Battery | Battery Swapping | ES 8 |
| Electrical Vehicles: | Mobile Power Services | ET 7 |
| ET7- Smart Electric Flagship Sedan | Research and Development | ET 7 |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Corporate Changes/Expansions | In April, the company opened its Smart Driving Technology Center in Schonefeld, Germany. |
| 2024 | Contracts/Agreements | In February, NIO Technology (Anhui) entered into an agreement with Forseven to award a non-exclusive and non-transferrable worldwide license to Forseven to use certain existing and future technical information. |
| 2024 | Contracts/Agreements | In January, the company entered into an agreement with Longi Green Energy Technology to advance the use of photovoltaic power at charging stations and battery swap stations. |
Competitor Comparison
| Key Parameters | Nio Inc | China FAW Group Co Ltd | Anhui Jianghuai Automobile Group Corp Ltd | Huizhou Desay SV Automotive Co Ltd | Lucid Group Inc |
|---|---|---|---|---|---|
| Headquarters | China | China | China | China | United States of America |
| City | Shanghai | ChangChun City | Hefei | Huizhou | Newark |
| State/Province | Shanghai | Jilin | Anhui | Guangdong | California |
| No. of Employees | 32,820 | 120,000 | 21,471 | 8,585 | 6,500 |
| Entity Type | Public | Private | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Bin Li | Chairman; Chief Executive Officer | Executive Board | 2018 | 48 |
| Lihong Qin | President; Director | Executive Board | 2014 | 49 |
| Wei Feng | Chief Financial Officer | Senior Management | 2019 | 43 |
| Feng Shen | Executive Vice President | Senior Management | 2017 | 59 |
| Ganesh V. Iyer | Chief Executive Officer - NIO, the US | Senior Management | 2016 | 55 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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