NIO Inc
Company Profile
Business description
Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 160,000 EVs in 2023, accounting for about 2% of the China passenger new energy vehicle market.
Contact
No. 1355, Caobao Road
Building 19
Minhang District
Shanghai
CHNT: +86 2169082018
Sector
Consumer Cyclical
Stock type
Cyclical
Industry
Auto Manufacturers
Fiscal Year End
31 December 2024
Employees
32,820
Morningstar Investment Ideas
Markets
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