View source for Company:Nio Inc.

{{short description|Chinese car company}}
{{EngvarB|date=July 2022}}
{{Infobox company
| name = Nio Inc.
| module = {{Infobox Chinese|child=yes|s=上海蔚来汽车有限公司|t=上海蔚來汽車有限公司|p=Shànghǎi Wèilái Qìchē Yǒuxiàn Gōngsī|altname=Business name|s2=蔚来汽车|t2=蔚來汽車|l2=Sky-Blue Coming Motor Vehicles|p2=Wèilái Qìchē|mi2={{IPAc-cmn|wei|4|l|ai|2|-|q|i|4|ch|e|1}}|order=st}}
| logo = NIO logo.svg
| logo_size = 200px
| image = NIO House.jpg
| image_size = 260px
| image_caption = Nio House, the company’s headquarters in [[Place:Beijing|Beijing]], China
| former_name = NextEV (2014–2016)
| type = [[Finance:Public company|Public]]
| traded_as = {{ubl|{{NYSE|NIO}}|{{SEHK|9866}}|{{SGX|NIO}}}}
| ISIN = US62914V1061
| industry = {{wipe|Automotive industry}}
| foundation = {{start date and age|2014|11}}
| founder = William Li
| hq_location = 
| location_city = [[Place:Shanghai|Shanghai]]
| hq_location_country = China
| num_locations = 
| area_served = {{ubl
|{{wipe|China}} (including [[Place:Hong Kong|Hong Kong]] and [[Place:Macau|Macau]])
|{{wipe|Germany}}
|{{wipe|United Kingdom}}
|{{wipe|United States}}
|{{wipe|Norway}}
}}
| products = Electric vehicles
| services = 
| production = {{increase}} 160,038 vehicles (2023)
| key_people = {{ubl
|William Li ([[Social:Chief executive officer|CEO]])|Lihong Qin ([[Social:President (corporate title)|President]])
|Wei Feng (CFO)
}}
| revenue = {{increase}} {{CNY|16.258|link=yes}} billion (2020)
| operating_income = {{decrease}} {{CNY|-15.641}} billion (2022)
| net_income = {{increase}} {{CNY|-5.611}} billion (2020)
| assets = {{increase}} {{CNY|96.263}} billion (2022)
| equity = {{increase}} {{CNY|27.171}} billion (2020)
| num_employees = 20,000+ (2023)
| divisions = ERT Formula E Team
| website = {{URL|https://www.nio.com|nio.com}}
| footnotes = <ref>{{cite web|url=https://www.nio.com/about |title=About |publisher=NIO |date= |access-date=2022-04-11}}</ref><ref name=AR20>{{cite web|url=https://ir.nio.com/static-files/72b2a3c4-24c7-492f-8a4e-c4ea9c103350|title=NIO Inc. Fourth Quarter and Full Year 2020 Financial Results|website=www.nio.com|language=en|access-date=2021-03-02}}</ref><ref>{{cite web|url=https://www.linkedin.com/company/nio%E8%94%9A%E6%9D%A5/about/|title=NIO: About {{!}} LinkedIn|website=www.linkedin.com|language=en|access-date=2021-03-02}}</ref>
}}

'''Nio Inc.''' ({{zh|p=Wèilái|s=蔚来}}; stylized as '''NIO''') is a Chinese multinational automobile manufacturer headquartered in [[Place:Shanghai|Shanghai]], specializing in designing and developing [[Engineering:Electric car|electric vehicles]]. The company develops [[Engineering:Battery swapping|battery-swapping]] stations for its vehicles, as an alternative to conventional charging stations.<ref>{{Cite news |date=2022-05-16 |title=Will swapping out electric car batteries catch on? |language=en-GB |work=BBC News |url=https://www.bbc.com/news/business-61310513 |access-date=2022-05-26}}</ref> The company has raised over $5 billion from investors. In 2021, Nio announced plans to expand to 25 different countries and regions by 2025.<ref>{{Cite web |title=NIO: A Chinese EV Company's Global Strategy - Case - Faculty & Research - Harvard Business School |url=https://www.hbs.edu/faculty/Pages/item.aspx?num=62268 |access-date=2022-11-25 |website=www.hbs.edu}}</ref>

== Overview ==
[[File:NIO_House_in_Oslo,_Norway_(2022).jpg|thumb|250px|Nio House in [[Place:Oslo|Oslo]], {{wipe|Norway}}]]
After the brand launch in the Saatchi Gallery in London in 2016, several companies invested in Nio, including [[Company:Tencent|Tencent]], Temasek, Sequoia, [[Company:Lenovo|Lenovo]] and TPG. Its first model, the [[Engineering:Nio EP9|Nio EP9]] [[Engineering:Sports car|sports car]], debuted the same day the brand was established.

In October 2016, Nio announced that it had been given an "Autonomous Vehicle Testing Permit" by the {{wipe|California}} DMV and it would begin testing on public roads under the "Autonomous Vehicle Tester Program" guidelines as part of its [[Engineering:Self-driving car|autonomous vehicle]] program. According to the company, it planned to launch vehicles with level-three and level-four autonomy.<ref>{{cite web|url=http://www.nio.io/news/nextev-issued-autonomous-vehicle-testing-permit-california|title=NIO – NextEV Issued Autonomous Vehicle Testing Permit in California|website=www.nio.io|language=en|access-date=2017-05-11}}</ref>

In May 2018, Nio opened its first battery swap station in Nanshan, Shenzhen, Guangdong, China, dubbed the "Power Swap Station".<ref>{{cite web|url=https://insideevs.com/nio-opened-first-battery-swap-station-in-shenzhen/|title=NIO Opens First Battery Swap Station In Shenzhen|website= InsideEVs|language=en-US|access-date=2018-05-29}}</ref> Only batteries for ES8 cars would be available from this station.<ref>{{cite news|url=https://insideevs.com/news/338117/nio-opens-first-battery-swap-station-in-shenzhen/|title=NIO announced that its first battery swap station – called the Power Swap Station – is now fully operational in the Nanshan Science and Technology Park, Shenzhen, China|publisher=Insidedeevs|author=Mark Kane|access-date=9 May 2019}}</ref>

In September 2018, the company filed for a US$1.8 billion [[Finance:Initial public offering|initial public offering]] on the [[Company:New York Stock Exchange|New York Stock Exchange]].<ref>{{Cite news|url=https://thehustle.co/Nio-IPO-China/|title=Chinese electric carmaker filed for a $1.8B IPO in the US after selling 481 cars with 15000 backlog. |date=2018-08-15 |work=The Hustle|access-date=2018-08-22}}</ref>

By 2020, Nio was on the brink of bankruptcy and its share price had fallen 62% since its IPO.<ref name=":024">{{Cite book |last=Jin |first=Keyu |title=The New China Playbook: Beyond Socialism and Capitalism |date=2023 |publisher=Viking |isbn=978-1-9848-7828-1 |location=New York |author-link=Keyu Jin}}</ref>{{Rp|page=101}} The government of Hefei obtained a 25% stake in Nio.<ref name=":024" />{{Rp|page=101}} In late April 2020, Nio announced approximately US$1 billion in new funding from a group of Chinese investors,<ref>{{cite web |url=https://ir.nio.com/news-events/news-releases/news-release-details/nio-announces-entry-definitive-agreements |title=NIO Announces Entry into Definitive Agreements for Investments in NIO China |date=29 April 2020 |website=Nio.com |archive-url= https://web.archive.org/web/20200501044936/https://ir.nio.com/news-events/news-releases/news-release-details/nio-announces-entry-definitive-agreements# | archive-date=1 May 2020 |url-status=live}}</ref> which was needed due to the company's struggles to sell its vehicles.<ref>{{cite web|url=https://www.cnet.com/roadshow/news/nio-ev-china-startup-investment-future/ |title=Chinese EV maker Nio nabs $1B lifeline |date=29 April 2020 |first=Sean |last=Szymkowski |website=CNET.com |archive-url=https://web.archive.org/web/20200501051941/https://www.cnet.com/roadshow/news/nio-ev-china-startup-investment-future/ |archive-date=1 May 2020 |url-status=live}}</ref> As part of the deal, Nio would transfer assets to a new subsidiary called Nio China, which will be headquartered in Hefei.<ref>{{cite web |url=https://www.reuters.com/article/us-nio-investment-idUSKCN22B0NL |title=Nio shares surge after it secures $1 billion investment |website=reuters.com |date=28 April 2020 |first1=Yilei |last1=Sun |first2=Brenda |last2=Goh |archive-url=https://web.archive.org/web/20200501051716/https://www.reuters.com/article/us-nio-investment-idUSKCN22B0NL# |archive-date=1 May 2020 |url-status=live}}</ref> Hefei's government also helped Nio to obtain loans from six local banks to help it develop its supply chain for batteries, engines, and control systems.<ref name=":024" />{{Rp|page=101}} Over the next year, the company's car production increased by 81% and the company's valuation reached $100 billion.<ref name=":024" />{{Rp|page=101}}

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 contributing roughly US$31.6 million (CN¥200 million) into the venture, for 25% equity. BaaS helps lower the purchase price of Nio electric vehicles by about 25%.<ref>{{cite news|url=https://www.globenewswire.com/news-release/2020/08/20/2081092/0/en/NIO-Inc-Announces-Launch-of-Battery-as-a-Service-and-Establishment-of-Battery-Asset-Company.html/|title=NIO Inc. Announces Launch of Battery as a Service and Establishment of Battery Asset Company|via=globenewswire.com|author=NIO|date=20 August 2020|access-date=17 October 2021}}</ref>

In May 2021, Nio announced a Norway expansion plan, saying it would begin delivering cars to Norway by September 2021.<ref>{{cite web|author=Evelyn Cheng |url=https://www.cnbc.com/2021/05/06/nio-plans-to-start-delivering-cars-to-norway-in-september.html |title=Nio plans to start delivering cars to Norway in September |publisher=Cnbc.com |date= |access-date=2022-04-11}}</ref> In the third quarter of 2021, Nio delivered 24,439 ES8, ES6, and EC6, a new quarterly record representing a growth of 100.2% year over year.<ref>{{cite web|date=2021-11-10|title=NIO Inc. (NIO) Q3 2021 Earnings Call Transcript|url=https://www.fool.com/earnings/call-transcripts/2021/11/10/nio-inc-nio-q3-2021-earnings-call-transcript/|access-date=2021-12-06|website=The Motley Fool|language=en}}</ref>

At Nio Day in December 2021, Nio announced it would bring its User Enterprise to Germany, Denmark, Netherlands and Sweden in 2022.<ref>https://www.electrive.com/2021/12/20/nio-reveals-new-mid-sized-sedan-and-eu-plans/</ref>

On 22 February 2022, it was announced that Nio is planning to venture into China's smartphone market and preparing to make its own handsets. The company has formed a smartphone division in Shenzhen, and is hiring staff to expand the team. The move is preceded by similar plans to manufacture smartphones by automakers [[Company:Geely|Geely]] and [[Company:Volvo|Volvo]].<ref>{{cite web|date=2022-02-23|title=EV maker Nio is entering the smartphone business|url=https://kr-asia.com/ev-maker-nio-is-entering-the-smartphone-business|access-date=2022-02-25|website=KrASIA|language=en}}</ref>

In August 2023, Nio Capital led the [[Finance:Series A round|A-round financing]] of Mavel, a provider of electric drive solutions.<ref>{{Cite web |title=NIO Capital leads the investment in Mavel A-round financing |url=http://www.eeo.com.cn/2023/0810/600912.shtml |access-date=2023-08-20 |website=www.eeo.com.cn}}</ref> Nio announced in the same month that they were selected to provide electric cars for Oslo-based taxis in Norway.<ref>https://www.autoevolution.com/news/nio-scores-a-major-goal-with-deal-to-become-oslo-taxi-s-first-choice-supplier-220090.html</ref>

On 14 December 2023, Nio founder, chairman and CEO William Li stated at a corporate communication meeting that in order to cope with competition, Nio has clarified its next brand and product layout. NIO's second brand will be based on the family market, and the brand is expected to have only three models in its entire life cycle. This brand will also help Weilai enter the 200,000 yuan market.<ref>{{Cite web|title=正面回应140个问题！李斌称蔚来明年要推第二品牌，换电"朋友圈"将继续开放|url=https://baijiahao.baidu.com/s?id=1785345239321103399&wfr=spider&for=pc&searchword=%E8%94%9A%E6%9D%A5%E7%AC%AC%E4%BA%8C%E5%93%81%E7%89%8C|website=每日经济新闻}}</ref>

In December 2023, Nio obtained the production qualification for automobiles and announced the acquisition of JAC factories manufacturing Nio vehicles at the price of CNY 3.158 billion, which marks the end of JAC's OEM business for Nio. <ref>{{Cite web |title=31亿！蔚来正式获得江淮工厂 - OFweek新能源汽车网 |url=https://nev.ofweek.com/2023-12/ART-71011-8120-30618854.html |access-date=2023-12-20 |website=nev.ofweek.com}}</ref>

== Vehicles ==
Nio's first car was the [[Engineering:Nio EP9|Nio EP9]] electric hypercar, presented the same day the brand was launched.<ref>{{Cite web |date=2016-11-21 |title=NextEV Launches NIO Brand and World's Fastest Electric Car |url=https://www.businesswire.com/news/home/20161121005405/en/NextEV-Launches-NIO-Brand-and-World%E2%80%99s-Fastest-Electric-Car |access-date=2022-05-25 |website=www.businesswire.com |language=en}}</ref> Nio revealed the [[Engineering:Nio ES8|ES8]], a seven-seater electric SUV in December 2017 and began deliveries of the ES8 in June 2018. Nio launched the [[Engineering:Nio ES6|ES6]], a five-seater electric SUV, in December 2018, and began deliveries in June 2019. In December 2019, Nio launched the [[Engineering:Nio EC6|EC6]], a five-seater electric coupe SUV with deliveries beginning in September 2020. Nio launched [[Engineering:Nio ET7|ET7]], its electric sedan, in January 2021 and revealed [[Engineering:Nio ET5|ET5]], its most compact sedan at Nio Day in December 2021.<ref>{{Cite web |last=Cheng |first=Evelyn |date=2021-12-18 |title=Chinese electric car start-up Nio reveals a new sedan, augmented reality glasses |url=https://www.cnbc.com/2021/12/18/chinese-electric-car-start-up-nio-reveals-a-new-sedan-ar-vr-glasses.html |access-date=2022-05-25 |website=CNBC |language=en}}</ref>

To date, Nio has revealed two concept cars; [[Engineering:Nio Eve|EVE]] at SXSW 2017 and [[Engineering:Nio ET7#NIO ET Preview|ET Preview]] at Auto Shanghai 2019.<ref>{{Cite web |last=Rennolds |first=Elias Holdenried, Nathan |title=I tried out a luxury autonomous car considered the Chinese rival to Tesla — it was like driving an airplane |url=https://www.businessinsider.com/i-tested-out-chinese-tesla-and-it-was-like-airplane-2021-9 |access-date=2022-05-25 |website=Business Insider |language=en-US}}</ref><ref>{{Cite web |last=Blanco |first=Sebastian |title=NIO ET Preview Is A Quiet Concept For A New Electric Sedan |url=https://www.forbes.com/sites/sebastianblanco/2019/04/17/nio-et-preview-is-a-concept-for-a-new-electric-sedan/ |access-date=2022-05-25 |website=Forbes |language=en}}</ref>

{| class="wikitable"
|-
! Model name
! Photo
! Specifications 
|-
! colspan="3" |[[Engineering:Sports car|Sport car]]
|-
! [[Engineering:Nio EP9|EP9]]
| [[File:Nio EP9.jpg|frameless]]
|{{Plainlist|
*'''Body style:''' Coupe
*'''Class:''' [[Engineering:Sports car|Sports car]]
*'''Doors:''' 2
*'''Seats:''' 2
*'''Motor:''' Indirectly [[Physics:Water cooling|water-cooled]] electric motors
*'''Production:''' 2016–2019
*'''Range:''' {{cvt|427|km}}
*'''Top speed:''' {{cvt|313|kph}}
}}
|-
! colspan="3" |Sedan
|-
!ET9
| 
|{{Plainlist|
*'''Body style:''' [[Engineering:Fastback|fastback]] [[Engineering:Sedan (automobile)|sedan]]
*'''Class:''' [[Engineering:Full-size car|Full-size]] ([[Engineering:F-segment|F]])
*'''Doors:''' 4
*'''Seats:''' 4
*'''Production:''' est. 2025<ref>{{Cite news |date=2023-12-23 |script-title=zh:蔚来ET9预售价80万元 2025年一季度交付 |language=zh |trans-title=NIO ET9 is priced at 800,000 yuan and will be delivered in the first quarter of 2025 |work=21st Century Business Herald |url=https://www.21jingji.com/article/20231223/herald/3cde6ed3980b958926088d5ed09ce125.html |url-status=live |access-date=2023-12-23 |archive-url=https://web.archive.org/web/20231223140524/https://www.21jingji.com/article/20231223/herald/3cde6ed3980b958926088d5ed09ce125.html |archive-date=2023-12-23}}</ref>
*'''Range:'''}}
|-
![[Engineering:Nio ET7|ET7]]
|[[File:NIO ET7 1X7A6681.jpg|frameless]]
|{{Plainlist|
*'''Body style:''' [[Engineering:Sedan (automobile)|Sedan]]
*'''Class:''' [[Engineering:Full-size car|Full-size]] ([[Engineering:E-segment|E]])
*'''Doors:''' 4
*'''Seats:''' 5
*'''Production:''' 2022–present<ref>{{cite web|first1=Bridie|last1=Schmidt|access-date=2022-03-29|title=Nio begins deliveries of flagship ET7 electric sedan ahead of Europe expansion|url=https://thedriven.io/2022/03/29/nio-begins-deliveries-of-flagship-et7-electric-sedan-ahead-of-europe-expansion/|date=2022-03-29|website=The Driven}}</ref>
*'''Range:''' {{cvt|500|to|1000|km}} (NEDC) 
}}
|-
! [[Engineering:Nio ET5|ET5]]
|[[File:NIO ET5 002.jpg|frameless]]
|{{Plainlist|
*'''Body style:''' [[Engineering:Sedan (automobile)|Sedan]], [[Engineering:Station wagon|Station wagon]]
*'''Class:''' [[Engineering:Mid-size car|Mid-size]] ([[Engineering:D-segment|D]])
*'''Doors:''' 4
*'''Seats:''' 5
*'''Production:''' 2022–present<ref>{{Cite web |date=2022-10-04 |title=Nio launches ET5 deliveries in China |url=https://www.electrive.com/2022/10/04/nio-launches-et5-deliveries-in-china/ |access-date=2022-10-21 |website=electrive.com |language=en-US}}</ref>
*'''Range:''' {{cvt|550|to|1000|km}} (NEDC) 
}}
|-
! colspan="3" |SUV
|-
! [[Engineering:Nio ES8|ES8]]/EL8
| [[File:NIO ES8 II 001.jpg|frameless]]
|{{Plainlist|
*'''Body style:''' [[Engineering:SUV|SUV]]
*'''Class:''' Full-size
*'''Doors:''' 5
*'''Seats:''' 6 or 7
*'''Production:''' 2018–present
*'''Range:''' {{cvt|500|km}} (WLTP) with {{kWh|100}} battery 
}}
|-
! [[Engineering:Nio ES7|ES7]]/EL7
| [[File:NIO ES7 IMG003.jpg|frameless]] 
|{{Plainlist|
*'''Body style:''' [[Engineering:SUV|SUV]]
*'''Class:''' Mid-size
*'''Doors:''' 5
*'''Seats:''' 5
*'''Production:''' 2022–present
*'''Range:''' {{cvt|485|km}} (NEDC) with {{kWh|75}} battery 
}}
|-
! [[Engineering:Nio ES6|ES6]]/EL6
| [[File:Nio ES6 II 001.jpg|frameless]] 
|{{Plainlist|
*'''Body style:''' [[Engineering:SUV|SUV]]
*'''Class:''' Mid-size
*'''Doors:''' 5
*'''Seats:''' 5
*'''Production:''' 2019–present
*'''Range:''' {{cvt|610|km}} (NEDC)
}}
|-
! [[Engineering:Nio EC7|EC7]]
| [[File:NIO EC7 007.jpg|frameless]]
|{{Plainlist|
*'''Body style:''' [[Engineering:Coupe SUV|Coupe SUV]]
*'''Class:''' Mid-size
*'''Doors:''' 5
*'''Seats:''' 5
*'''Production:''' 2023–present
*'''Range:''' {{cvt|940|km}} (NEDC) with {{kWh|150}} battery 
}}
|-
! [[Engineering:Nio EC6|EC6]]
| [[File:2024 NIO EC6 (front).jpg|frameless]]
|{{Plainlist|
*'''Body style:''' [[Engineering:Coupe SUV|Coupe SUV]]
*'''Class:''' Mid-size
*'''Doors:''' 5
*'''Seats:''' 5
*'''Production:''' 2020–present
*'''Range:''' {{cvt|615|km}} (NEDC)
}}
|}

=== Concept models ===
{| class="wikitable"
|-
! Model name
! Photo 
! Specifications
|-
! [[Engineering:Nio Eve|Eve]]
| [[File:NIO Eve concept 01.jpg|frameless]]
|{{Plainlist|
*'''Body style:''' [[Engineering:Station wagon|Station wagon]]
*'''Class:''' [[Engineering:Full-size car|Full-size]] ([[Engineering:E-segment|E]])
*'''Doors:''' 2
*'''Seats:''' 4
*'''Production:''' 2024 (previewing a possible upcoming model)
}}
|-
! ET Preview
| [[File:NIO ET Preview Concept 001.jpg|frameless]]
|{{Plainlist|
*'''Body style:''' [[Engineering:Sedan (automobile)|Sedan]]
*'''Class:''' [[Engineering:Full-size car|Full-size]] ([[Engineering:E-segment|E]])
*'''Doors:''' 4
*'''Seats:''' 5
*'''Production:''' 2017 (previewing the upcoming ET7)
}}
|}

<!--===Production===

{| class="wikitable"
|-
!Country
!Cars (2016)
!Cars (2017)
!Cars (2018)
!Cars (2019)
!Cars (2020)
!Notes
|-
|'''[[Engineering:Nio EP9|EP9]]'''<br />
|0
|0
|0
|0
|0
| 
|-
|'''[[Engineering:Nio ES8|ES8]]'''<br />
|0
|0
|0
|0
|0
| 
|-
|'''[[Engineering:Nio ES6|ES6]]'''<br />
|0
|0
|0
|0
|0
|
|-
|'''Total'''
|
|
|
|
|
|}-->

==Battery swapping==
[[File:NIO Power Battery Swap.jpg|thumb|250px|Nio Power Battery Swap station in {{wipe|China}}]]
Nio's battery swap stations allow owners to upgrade the capacity of their battery packs, either temporarily or permanently. These battery swapping stations have a reported swapping time of under five minutes.<ref>{{cite web |date=2020-09-17 |title=NIO's 3-Minute Next-Generation Battery Swapping Technology |url=https://greenevmovement.com/nios-3-minute-next-generation-battery-swapping-technology/ |access-date=2020-09-22 |website=Green EV Movement |language=en-US}}</ref>

Unlike [[Company:Tesla, Inc.|Tesla]], which has tried battery swapping but has never deployed it on a large scale and relies instead on its [[Engineering:Tesla Supercharger|Supercharger]] network, Nio has built a functioning network of 1,305 battery-swap stations that covers several thousand kilometres of Chinese expressways.<ref>{{cite web |last1=Hanley |first1=Steve |title=NIO Completes More Than 5.3 million Battery Swaps |url=https://www.nio.com/news/nio-achieves-annual-target-700-battery-swap-stations-ahead-schedule?noredirect= |website=Nio |date=10 Dec 2021}}</ref>

The first phase was installing 18 battery-swap stations in 14 different locations along the G4 expressway, a {{convert|2273|km|mi|adj=mid|-long}} road connecting [[Place:Beijing|Beijing]] (the national capital) with the Pearl River Delta (world's largest urban area<ref>[http://www.worldbank.org/en/news/press-release/2015/01/26/world-bank-report-provides-new-data-to-help-ensure-urban-growth-benefits-the-poor World Bank Report Provides New Data to Help Ensure Urban Growth Benefits the Poor], The World Bank Group, 26 Jan 2015</ref> where [[Place:Hong Kong|Hong Kong]] and Shenzhen are located). This was completed in November 2018.<ref name="electrekswap">{{cite news |author=Lambert, Fred |title=Nio deploys 18 battery swap stations covering 2,000+ km expressway |publisher=Electrek |url=https://electrek.co/2018/11/15/nio-battery-swap-stations-network/ |access-date=2019-04-24}}</ref>

The second phase consisted of installing battery-swap stations in 8 locations along the G2 expressway, a {{convert|1212|km|mi|adj=mid|-long}} road connecting Beijing with [[Place:Shanghai|Shanghai]]. This phase was completed in January 2019.<ref>{{cite tweet |author=NIO |user=NIOGlobal |number=1085431718679592960 |date=2019-01-16 |title=Our battery swap network along the G2 Expressway is online! NIO vehicle owners can now travel from Beijing to Shanghai without needing to charge up. #blueskycoming #NIO https://t.co/4Wean2hRHa |language=en |access-date=2021-07-12}}</ref>

On 24 March 2021, Nio completed its 2 millionth battery swap in the city of Suzhou. It has also deployed 193 battery swapping stations, 134 supercharging stations, and 327 destination stations across {{wipe|China}}.<ref>{{cite web|url=http://autonews.gasgoo.com/china_news/70018107.html |title=NIO completes 2 million battery swaps – Gasgoo |publisher=Autonews.gasgoo.com |date=2021-03-24 |access-date=2022-04-11}}</ref>

On 10 December 2021, Nio installed its 700th battery swap station in China, hitting its annual target ahead of schedule, Nio's second-generation battery swap station allows the vehicle to automatically park into the station, with which users can experience a three-minute battery swap while staying inside the vehicle. So far, Nio has provided over 5.3 million swaps to users in China. Battery swapping has become one of the favourite power solutions among Nio users.<ref>{{cite web|url=https://www.nio.com/news/nio-achieves-annual-target-700-battery-swap-stations-ahead-schedule?noredirect= |title=Achieves Annual Target of 700 Battery Swap Stations Ahead of Schedule |publisher=NIO |date= |access-date=2022-04-11}}</ref>

As of May 2022, Nio has opened its first swap station in Europe, located in Norway, with plans to expand in other cities.<ref>{{cite web|url=https://www.electrive.com/2022/01/29/nio-marks-800-battery-swapping-stations-in-china/ |title=Nio marks 800+ battery swapping stations in China |publisher=electrive.com |date=2022-01-29 |access-date=2022-04-11}}</ref>

As of 31 December 2022, Nio has built 1,305 battery swap stations over all provincial administrative regions in China. They were providing an average of 40,000 daily battery swap services, and have completed a total of 15 million battery swap services.<ref>{{Cite web |last=Zhang/CnEVPost |first=Phate |date=2022-12-31 |title=NIO reaches goal of over 1,300 swap stations in China by year-end |url=https://cnevpost.com/2022/12/31/nio-reaches-goal-over-1300-swap-stations-china-year-end/ |access-date=2023-01-02 |website=CnEVPost |language=en-US}}</ref>

In August 2023, seven swap stations were operating in Germany.<ref>{{Cite web |date=2023-08-10 |title=NIO baut Lade- und Batterietausch-Infrastruktur weiter aus: Eröffnung der siebten Power Swap Station in Deutschland |url=https://www.nio.com/de_DE/news/202308100000 |access-date=2023-12-07 |website=www.nio.com |language=de}}</ref>

On November 21st, 2023, Nio and Changan Automobile signed a strategic agreement on battery swapping. The two parties will jointly facilitate the formulation of standards for swappable batteries, build and share the battery swapping network, develop swappable vehicles, and establish an efficient battery asset management mechanism.<ref>{{Cite web |title=Changan Auto and NIO Partner on Battery Swapping {{!}} NIO |url=https://www.nio.com/news/Changan-Auto-and-NIO-Partner-on-Battery-Swapping |access-date=2024-01-07 |website=www.nio.com}}</ref>

On November 29th, 2023, Nio and [[Company:Geely|Geely Holding]] signed a strategic agreement in the battery swapping sector. Both parties agreed to carry out comprehensive cooperation on battery standards, battery swapping technology, battery swapping network expansion and operation, swappable model development, and battery asset management.<ref>{{Cite web |title=Geely Holding and NIO Sign Strategic Partnership Agreement on Battery Swapping Technology {{!}} NIO |url=https://www.nio.com/news/Geely-Holding-and-NIO-Sign-Strategic-Partnership-Agreement-on-Battery-Swapping-Technology |access-date=2024-01-07 |website=www.nio.com}}</ref>

On January 11th, 2024, NIO has signed strategic cooperation framework agreements with JAC Group and Chery Automobile to establish cooperation in battery standards, battery swapping technology, the construction of battery swapping service networks, and operation. <ref>{{Cite web |title=蔚来换电业务迎三项战略合作 {{!}} NIO |url=https://www.nio.cn/news/20240111002 |access-date=2024-01-13 |website=www.nio.cn}}</ref>

==Technologies==
===Nomi AI===
[[File:NIO ET7 1X7A6677.jpg|thumb|Interior of an ET7 with NOMI]]
Nomi<ref>{{Cite web |title=The History Behind NOMI |url=https://www.nio.com/blog/history-behind-nomi |access-date=2022-05-24 |website=www.nio.com |language=en}}</ref> is Nio's digital assistant for the car dashboard to provide a closer engagement with its drivers and passengers and Nio claims is the world's first in-car  AI system for production vehicles.

The Nomi Mate 2.0 features a circular [[Chemistry:AMOLED|AMOLED]]<ref>{{Cite web |date=2019-12-31 |title=NIO reveals its all new flagship, the ES8 |url=https://www.automotiveev.com/nio-reveals-its-all-new-flagship-the-es8/ |access-date=2022-05-24 |website=automotiveEV.com |language=en-GB}}</ref> display and incorporates artificial intelligence with a human face-like interface that swivels and blinks its oval ‘eyes’ to address each vehicle occupant directly, depending on their location.

Nomi learns user preferences over time to understand the specific context of the car in relation to its owner. For example, Nomi can set the personal seating and steering wheel positions whenever it senses a driver approaching the vehicle. Users can also give Nomi verbal commands to adjust the cabin temperature, open or close windows, or snap an in-car selfie and have it displayed on the radio screen.<ref>{{Cite web |date=2020-05-07 |title=Co-designing the world's first in-car companion |url=https://star.global/cases/nio-nomi/ |access-date=2022-05-27 |website=Star |language=en-US}}</ref>

===Nio Pilot===
Nio Pilot is the company's SAE level 2 semi-autonomous system that offers [[Engineering:Advanced driver-assistance system|ADAS]] features. It launched with the introduction of Nio's [[Engineering:Nio ES8|ES8]] model. Several over the air updates throughout 2018 and 2019 has enhanced Nio Pilot with features such as [[Engineering:Lane centering|lane keeping]], [[Engineering:Adaptive cruise control|adaptive cruise control]], [[Engineering:Lane departure warning system|lane departure warning]], automatic emergency braking, highway pilot (Nio Navigate on Pilot, NNOP), traffic Jam assistance, auto lane change and more.<ref>{{Cite web |title=NIO updates Level 2 advanced driving assistant system NIO Pilot |url=https://www.greencarcongress.com/2019/06/20190617-nio.html |access-date=2022-05-27 |website=Green Car Congress}}</ref>

Nio Pilot sensor suite consists of 23 sensors, including a trifocal forward camera, 5 radars, 12 ultrasonic sensors and a driver monitor camera.<ref>{{Cite web |title=NIO Upgrades Autopilot System and Smart Operating System |url=https://equalocean.com/news/2019061111190 |access-date=2022-05-27 |website=EqualOcean |language=en}}</ref> Nio was the first automaker to launch a car model utilizing [[Company:Mobileye|Mobileye's EyeQ4]] vision chip.<ref>{{Cite web |date=2017-12-18 |title=NIO Launches ES8 SUV with New User Experience |url=https://www.businesswire.com/news/home/20171218005356/en/NIO-Launches-ES8-SUV-with-New-User-Experience |access-date=2022-05-27 |website=www.businesswire.com |language=en}}</ref>

In August 2021, Lin Wenqin, a 31-year-old Chinese man, was killed after his Nio ES8 collided with a construction vehicle.{{Citation needed|date=September 2023}} Nio's self-driving feature was still in beta, and could not deal with static obstacles.<ref>{{cite web |last=Rearick |first=Brenden |date=2021-08-16 |title=NIO Stock: 10 Things to Know About the Fatal Crash Dragging Down Nio Today |url=https://investorplace.com/2021/08/nio-stock-10-things-to-know-about-the-fatal-crash-dragging-down-nio-today/ |access-date=2022-02-17 |website=InvestorPlace |language=en-US}}</ref> Though the vehicle's manual at the time clearly stated that the driver must take over when nearing construction sites, there was an issue regarding whether the feature was improperly marketed and unsafe. Lawyers of the family of the person killed  called into question Nio's private access to the vehicle, which they argue could lead to the data being falsified.<ref>{{cite web |last=Ruffo |first=Gustavo Henrique |date=2021-08-17 |title=Nio's Autopilot, NOP, Faces Intense Scrutiny With First Fatal Crash in China |url=https://www.autoevolution.com/news/nio-s-autopilot-nop-faces-intense-scrutiny-with-first-fatal-crash-in-china-167486.html |access-date=2022-02-17 |website=autoevolution |language=en}}</ref>

===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 that could be sold to consumers by 2022.<ref>{{Cite news |date=2019-11-05 |title=Nio, Mobileye partner on self-driving consumer passenger cars in China |language=en |work=Reuters |url=https://www.reuters.com/article/us-nio-autonomous-intel-idUSKBN1XF1YD |access-date=2022-05-27}}</ref> Aquila features 33 sensors, including 11 high-resolution cameras, [[Engineering:Lidar|LiDAR]], 5 radars, 12 ultrasonic sensors, and two high-precision positioning units: V2X and ADMS.<ref>{{Cite web |title=NIO Moves Closer To Fully Autonomous Driving Capability With New ET7 Sedan |url=https://insideevs.com/news/465197/nio-et7-autonomous-driving-technology/ |access-date=2022-05-27 |website=InsideEVs |language=en}}</ref>

The system was first on board of the Nio ET7.<ref>{{Cite web |title=ellectric — NIO unveils its first sedan – the ET7 |url=https://www.weareellectric.com/mobility/nio-unveils-its-first-sedan-the-et7 |access-date=2022-05-27 |website=ellectric |language=en-GB}}</ref> The company begun deliveries of the model in Q1 of 2022.<ref>{{Cite web |last=Rosevear |first=John |date=2022-03-28 |title=Chinese EV maker Nio delivers its first ET7 electric sedans |url=https://www.cnbc.com/2022/03/28/nio-et7-deliveries-begin.html |access-date=2022-05-27 |website=CNBC |language=en}}</ref>

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.<ref>{{Cite web |last=Shapiro |first=Danny |date=2021-01-09 |title=Chinese Automaker NIO Selects NVIDIA for Electric Vehicles |url=https://blogs.nvidia.com/blog/2021/01/09/nio-selects-nvidia-intelligent-electric-vehicles/ |access-date=2023-01-02 |website=NVIDIA Blog |language=en-US}}</ref> All of Nio's NT 2.0 platform vehicles — such as the [[Engineering:Nio ET7|ET7]], [[Engineering:Nio ET5|ET5]], [[Engineering:Nio ES7|ES7]], [[Engineering:Nio EC7|EC7]], 2nd Gen [[Engineering:Nio ES8|ES8]] — are built on the Nio Adam supercomputer, with four Nvidia Drive Orinsystems-on-a-chip (SoC) at its core.<ref>{{Cite web |last=Burke |first=Katie |date=2021-12-20 |title=NIO ET5 Designed for Autonomous Era With DRIVE Orin |url=https://blogs.nvidia.com/blog/2021/12/20/nio-et5-designed-autonomous-era-drive-orin/ |access-date=2023-01-02 |website=NVIDIA Blog |language=en-US}}</ref>

==Production==
{| class="wikitable"
|+
! rowspan="2" |Year
! rowspan="2" |Total
! colspan="6" |Model
|-
!ES6
!ES8
!EC6
!ET7
!ES7
!ET5
|-
!2018
|11,348
| -
|11,348
| -
| -
| -
| -
|-
!2019
|20,565
|11,433
|9,132
| -
| -
| -
| -
|-
!2020
|43,728
|27,945
|10,861
|4,922
| -
| -
| -
|-
!2021
|91,429
|41,474
|20,050
|29,905
| -
| -
| -
|-
!2022
|122,486
| colspan="3" |73,440
|23,075
|14,158
|11,813
|-
!2023
|160,038
|
|
|
|
|
|
|}

On 7 April 2021, Nio produced its 100,000th electric vehicle.<ref>{{cite web|url=https://cleantechnica.com/2021/04/09/nio-has-now-produced-100000-electric-vehicles/ |title=NIO Has Now Produced 100,000+ Electric Vehicles |publisher=CleanTechnica |date=2021-04-09 |access-date=2022-04-11}}</ref>

On 26 April 2022, Nio announced its 200,000th electric car rolling off the production line.<ref>{{Cite web |title=NIO Celebrates Production Of 200,000th Electric Car |url=https://insideevs.com/news/582200/nio-production-200000-electric-car/ |access-date=2022-05-17 |website=InsideEVs |language=en}}</ref>

On 12 December 2022, Nio announced its 300,000 electric car rolling off the production line.<ref>{{Cite web |title=NIO Celebrates Production Of 300,000th Electric Car |url=https://www.nio.com/news/nio-rolls-300000th-car-production-line/ |access-date=2022-12-12 |website=InsideEVs |language=en}}</ref>

==Divisions==
===Nio Life===
Nio Life is the company's design lifestyle brand. The brand launched in 2018 with a capsule collection made in collaboration with Hussein Chalayan.<ref>{{Cite web |date=2018-11-16 |title=Nio and Hussein Chalayan launch clothing collection inspired by world's fastest electric car |url=https://www.dezeen.com/2018/11/16/nio-clothing-hussein-chalayan-fashion-extreme-speed/ |access-date=2022-05-27 |website=Dezeen |language=en}}</ref> In 2021 Nio Life launched its sustainable fashion label "Blue Sky Lab".<ref>{{Cite web |date=2021-10-24 |title=BLUE SKY LAB Debuts Sustainable Collection at Shanghai Fashion Week |url=https://hypebeast.com/2021/10/blue-sky-lab-sustainable-collection-shanghai-fashion-week-release-info |access-date=2022-05-27 |website=HYPEBEAST}}</ref> The label collaborated with the Parsons School of Design challenging students to create new products made of leftover car manufacturer materials and, thereby, providing opportunities for young designers.<ref>{{Cite web |date=2022-05-20 |title=Parsons School of Design and NIO Life Collaborate to Create Sustainable Design Collection |url=https://blogs.newschool.edu/news/2022/05/parsons-school-of-design-and-nio-life-collaborate-to-create-sustainable-design-collection/ |access-date=2022-05-27 |website=New School News |language=en-US}}</ref>

=== Nio Service ===
Nio Service is the company's network of service centers.<ref>{{Cite web |last=Lambert |first=Fred |date=2018-04-03 |title=NIO opens its first electric car service center right next to Tesla's |url=https://electrek.co/2018/04/03/nio-electric-car-service-center-tesla/ |access-date=2022-05-27 |website=Electrek |language=en-US}}</ref> Nio Users can request a "pick-up-and-delivery" service for their car to the service center. Additionally, mobile service vehicles can carry out simple maintenance work on demand.<ref>{{Cite web |date=2021-05-09 |title=NIO move into Europe to sell premium electric cars in Norway and launch a new chapter in progressive electric mobility |url=https://electricdrives.tv/ev-life/nio-move-into-europe-to-sell-premium-electric-cars-in-norway-and-launch-a-new-chapter-in-progressive-electric-mobility/ |access-date=2022-05-27 |website=ElectricDrives |language=en-GB}}</ref>

=== Nio Power ===
Nio Power is the company's network of battery swap stations, power mobile, power home and super chargers. Nio has 1,305 swap Stations around China as of 31 December 2022, including 346 battery swap stations along highways.<ref>{{Cite web |last=Zhang/CnEVPost |first=Phate |date=2022-12-31 |title=NIO reaches goal of over 1,300 swap stations in China by year-end |url=https://cnevpost.com/2022/12/31/nio-reaches-goal-over-1300-swap-stations-china-year-end/ |access-date=2023-10-20 |website=CnEVPost |language=en-US}}</ref> In addition to the 1,305 battery swap stations, Nio has 1,223 supercharging stations in China and 1,058 destination charging stations.

=== Performance and Engineering ===
Nio's performance and engineering division has offices worldwide including the UK, Germany, and the USA.

=== XPT ===
XPT is a subsidiary of Nio, with locations in Nanjing, Hefei, and Shanghai. Nio bought out its minority partners in the company in November 2020, taking full ownership.<ref>{{cite web |title=In China, an Electric Car Maker Loses Money but Thinks Big |url=https://www.nytimes.com/2021/02/25/business/china-nio-electric-cars.html |website=www.nytimes.com |publisher=New York Times |access-date=31 December 2023}}</ref>

XPT designs and manufactures key components for Nio's supply chain, including the EV car motors,<ref>{{cite web |title=Nio's motor making arm establishes new firm in Anhui with $100 million in registered capital |url=https://cnevpost.com/2021/04/27/nios-motor-making-arm-establishes-new-firm-in-anhui-with-100-million-in-registered-capital/ |website=cnevpost.com |publisher=CN EV Post |access-date=31 December 2023}}</ref> powertrains,<ref>{{cite web |title=Punch Powertrain and XPT sign joint venture agreement for production of electric powertrains |url=https://www.automotiveworld.com/news-releases/punch-powertrain-xpt-sign-joint-venture-agreement-production-electric-powertrains/ |website=automotiveworld.com |access-date=31 December 2023}}</ref> and gearboxes,<ref>{{cite web |title=XPT Website  |url=https://www.xptglobal.com/ |website=xptglobal.com |access-date=31 December 2023}}</ref> which are later assembled elsewhere by Nio and its assembly partners. Nio runs its XPT company as a separate business, as it intends for XPT to become a supplier for other companies in the future.<ref>{{cite web |title=NIO president says its motor business XPT will grow independently, first external order may come from West |url=https://cntechpost.com/2020/09/24/nio-president-says-its-motor-business-xpt-will-grow-independently/ |website=cntechpost.com |access-date=31 December 2023}}</ref>

==Management==
===William Li===

William Li is a Chinese business executive and entrepreneur who is the founder and [[Company:CEO|CEO]] of the [[Engineering:Electric car|electric car]] manufacturer Nio. In June 2021, ''Bloomberg Billionaires Index'' estimated Li's [[Finance:Net worth|net worth]] to be US$7.11 billion. Li co-founded and invested in over 40 companies in the internet and automotive industries.<ref>{{Cite web |date=2021-12-08 |title=The Story of William Li, The Founder of Nio and Prophet of Chinese Electric Car Industry |url=https://thetradable.com/business/the-story-of-william-li-the-prophet-of-chinese-electric-car-industry |access-date=2022-05-25 |website=TheTradable.com |language=en}}</ref>

====Awards and honours====
* GQ China Entrepreneur of the Year – 2017 <ref>{{Cite web |title=William Li (李斌) |url=https://globalshakers.com/world-shakers/william-li/ |access-date=2022-05-25 |website=Global Shakers |language=en-US}}</ref>
* China Automobile Dealers Association Person of the Year – 2017
* 2017 Top 10 Economic Personages of China 
* {{wipe|Forbes}} Most Intriguing Newcomer in the Transportation Awards – 2020<ref>{{Cite web |last=Ohnsman |first=Alan |title=Forbes Transportation Awards 2020: The Lucid Air Promises To Outperform Tesla's Best |url=https://www.forbes.com/sites/alanohnsman/2021/01/03/forbes-transportation-awards-2020-the-lucid-air-promises-to-outperform-telsas-best/ |access-date=2022-05-24 |website=Forbes |language=en}}</ref>

===Lihong Qin===

Lihong Qin is a Chinese business executive. He is a co-founder and CEO of the electric car manufacturer Nio.<ref>{{Cite web |title=Qin Lihong, Nio Inc: Profile and Biography |url=https://www.bloomberg.com/profile/person/16554696 |access-date=2022-05-25 |website=Bloomberg.com |language=en}}</ref>

===Kris Tomasson===
Kris Tomasson is an American industrial designer and vice president of Design at [https://www.nio.com/ NIO].<ref>{{Cite web |last=Walford |first=Lynn |date=2021-08-03 |title=How NIO Design, Branding And Tech Are Leading to Success – NIO Insiders Kris Tomasson & Ganesh Iyer |url=https://www.autofutures.tv/2021/08/03/nio-insiders-reveal-how-nio-design-branding-and-tech-are-leading-to-success-kris-tomasson-ganesh-iyer/ |access-date=2022-05-27 |website=Auto Futures |language=en-GB}}</ref>

'''Early life and education'''

Kris Tomasson was born in {{wipe|New York City}} to Marlene and Helgi Tómasson. He studied transportation design at the Art Center College of Design in Pasadena, California, and graduated with honours as a Bachelor of Science (BS).

'''Career'''

After graduation, he worked as a designer in various companies, from 1992 to 1998 for the first time for BMW, then as ''design director, Innovation'' of the Arnell Group, for [[Company:The Coca-Cola Company|The Coca-Cola Company]] (''Global Design Director''), Gulfstream Aerospace, [[Company:Ford Motor Company|Ford]] and from April 2014 to May 2015 again for [[Company:BMW|BMW]], where he worked for the body design of the i-models was responsible. In June 2015, he moved from BMW to the Chinese start-up company Next EV.  Nio has focused on the development and production of electric cars. The design studio where Tomasson is based is located in Munich/Bogenhausen. Kris has a number of patents for his designs.<ref>{{Cite web |title=Kris Tomasson Inventions, Patents and Patent Applications – Justia Patents Search |url=https://patents.justia.com/inventor/kris-tomasson |access-date=2022-07-01 |website=patents.justia.com}}</ref>

===Hui Zhang===
Hui Zhang is vice president Nio Europe. He manages both the German and UK locations of the electric car manufacturer.<ref>{{Cite web |title=Virtual Expert Talk: NIO – The User Enterprise with Hui Zhang, Vice President NIO Europe |url=https://brutkasten.com/events/virtual-expert-talk-nio-the-user-enterprise-with-hui-zhang-vice-president-nio-europe/ |access-date=2022-05-25 |website=brutkasten |language=de}}</ref>

'''Career'''

After studying in Beijing and Utah, Hui Zhang completed his MBA in International Management at Pforzheim University of Applied Sciences in 2002. Initially, he worked in purchasing and supply chain management at VOITH AG in China and Germany. After positions at [https://www.kiekert.com/ KIEKERT AG] as Vice general manager and at [[Company:Lotus Cars|Lotus]] as general manager from 2011,<ref>{{Cite web |title=Interview: Nios Europachef Hui Zhang ist selbstbewusst |url=https://www.automotiveit.eu/exklusiv/nio-ist-ein-kind-des-digitalen-zeitalters-334.html |access-date=2022-07-01 |website=www.automotiveit.eu |language=de}}</ref> he was responsible for the Business Group Industry and Healthcare China at [https://www.leoni.com/en/ Leoni AG] as a China Board Member from 2014 . Hui Zhang is Deputy Chairman of the Chinese Chamber of Commerce in Germany.<ref>{{Cite web |title=Hui Zhang |url=https://smart-mobility-management.com/team/hui-zhang/ |access-date=2022-07-01 |website=Smart Mobility Management |language=de-DE}}</ref>

==Motorsport==
===Formula E===
{{main|Nio 333 FE Team}}[[File:Nio Formula E car.jpg|thumb|220x220px|Nio have been participating in the ABB FIA Formula E since 2014, the inaugural season.]]

The Nio team is one of the original Formula E teams, originally competing under the name Team China Racing.<ref>{{Cite web |title=NIO 333 Formula E Team |url=http://www.fiaformulae.com/en/championship/teams-and-drivers/nio-333-formula-e-team?app=true |access-date=2022-05-25 |website=FIA Formula E |language=en}}</ref> Before the first season was completed, they rebranded as NEXTEV TCR. In this inaugural season, their main driver Nelson Piquet Jr. became the FIA Formula E Driver's Champion, after winning two races in Long Beach and Moscow.<ref>{{Cite web |title=Piquet Jr emulates his father with dominant Long Beach victory |url=https://www.motorsport.com/formula-e/news/piquet-jr-emulates-his-father-with-dominant-long-beach-victory/550839/?filters%5Bteam%5D%5B0%5D%5Btitle%5D=NIO+Formula+E+Team&filters%5Bteam%5D%5B0%5D%5Bvalue%5D=150 |access-date=2022-05-25 |website=www.motorsport.com |language=en}}</ref><ref>{{Cite web |title=Moscow ePrix: Piquet extends points lead with win |url=https://www.motorsport.com/formula-e/news/moscow-eprix-piquet-extends-points-lead-with-win/609639/?filters%5Bteam%5D%5B0%5D%5Btitle%5D=NIO+Formula+E+Team&filters%5Bteam%5D%5B0%5D%5Bvalue%5D=150 |access-date=2022-05-25 |website=www.motorsport.com |language=en}}</ref> The team was only able to achieve fourth in the constructor's championship though, in part due to a rotating line-up of second drivers that didn't achieve as consistent level of success as Piquet.

From season 2 onwards, Formula E opened up car development, with teams creating their own powertrains.<ref>{{Cite web |title=NEXTEV set to acquire whole Formula E team |url=https://www.motorsport.com/formula-e/news/nextev-set-to-acquire-whole-formula-e-team-670930/670930/?filters%5Bteam%5D%5B0%5D%5Btitle%5D=NIO+Formula+E+Team&filters%5Bteam%5D%5B0%5D%5Bvalue%5D=150 |access-date=2022-05-25 |website=www.motorsport.com |language=en}}</ref> Nio used their own design NEXTEV powertrain, but it saw a downturn in the team's performance for the constructor's championship, as they finished only 9th in season 2, 6th in season 3 and 8th in season 4. By this point, the team had morphed through NEXTEV, NEXTEV Nio until renamed simply Nio. Season 5 would see the team's meagre successes diminish further, as they languished 11th and last in the championship.

For season 6 (2019–20) the team was sold on to Lisheng Racing and renamed Nio 333 Racing.<ref>{{Cite web |title=Rebranded NIO team signs Ma, Turvey for 2019/20 season |url=https://www.motorsport.com/formula-e/news/nio-ma-olivier-new-backing/4558230/?filters%5Bteam%5D%5B0%5D%5Btitle%5D=NIO+Formula+E+Team&filters%5Bteam%5D%5B0%5D%5Bvalue%5D=150 |access-date=2022-05-25 |website=www.motorsport.com |language=en}}</ref> For the first time since season 1, Nio did not provide their own powertrain for the car, instead using the previous year's Dragon powertrain. It was rebranded under Nio's name and they remained classified as a manufacturer. This didn't change the team's fortunes, as they would go on to have their worst ever season, with neither Oliver Turvey nor Ma Qinghua being able to score any points in 2020. In season seven Nio improved marginally, as whilst Turvey and new arrival Tom Blomqvist amassed a total of 19 points throughout the campaign, the squad still remained in last place.

Nio once again changed their driver line-up for the 2021–22 Formula E season, as Blomqvist made way for former Red Bull and Williams junior Dan Ticktum.<ref>{{Cite web |title=Dan Ticktum joins Oliver Turvey at NIO 333 for Season 8 |url=http://www.fiaformulae.com/en/news/2021/november/nio-ticktum-joins-turvey-season-8 |access-date=2022-05-25 |website=FIA Formula E |language=en}}</ref>

The team ended its Formula E involvement after the 2022–23 season, with the team being rebranded as ERT Formula E Team for the 2023–24 season.<ref>{{Cite web |last=Newbold |first=James |date=2023-10-20 |title=NIO 333 rebrands as ERT for 2024 Formula E season |url=https://www.motorsport.com/formula-e/news/nio-333-rebrands-as-ert-for-2024-formula-e-season/10534897/ |access-date=2023-10-24 |website=www.motorsport.com |language=en}}</ref>

=== World records ===
Nio set five records in their track-only EP9 for the fastest lap for an electric-powered car in the Nürburgring Nordschleife, Circuit Paul Ricard, Circuit of the Americas, and Shanghai International Circuit tracks.<ref>{{cite web|url=https://www.topgear.com/car-news/electric/video-watch-nio-ep9s-645-ring-record|title=Video: watch the Nio EP9's 6:45 'Ring record|website=www.topgear.com|date=15 May 2017 |language=en|access-date=2018-03-24}}</ref>

== Public listing ==
In Sep 2018, Nio listed on NYSE after raising about $1 billion selling American depositary shares at $6.26 apiece. The shares started trading under the symbol NIO.<ref>{{Cite web |last=Bloomberg |date=2018-09-12 |title=China's Tesla rival NIO Inc. debuts on NYSE, prices $1 bn IPO near bottom |url=https://www.business-standard.com/article/companies/china-s-tesla-rival-nio-inc-debuts-on-nyse-prices-1-bn-ipo-near-bottom-118091201448_1.html |access-date=2022-08-15 |website=www.business-standard.com |language=en}}</ref>

In 2018, while Nio was preparing for an IPO, the company told investors that they were building a new factory in Shanghai.<ref>{{Cite news |last=Godoy |first=Jody |date=2021-08-13 |title=China's Nio, underwriters, must face U.S. shareholder lawsuit |language=en |work=Reuters |url=https://www.reuters.com/legal/transactional/chinas-nio-underwriters-must-face-us-shareholder-lawsuit-2021-08-13/ |access-date=2022-02-17}}</ref> Then in March 2019, Nio disclosed that the factory would never be built. According to former employees, construction had never started. Investors sued and accused Nio's promoters, which included Morgan Stanley and Goldman Sachs, of negligence in examining Nio's financial statements.{{citation needed|date=December 2023}}

==See also==
* [[Engineering:New energy vehicles in China|New energy vehicles in China]]
* [[Company:Byton|Byton]]
* [[Company:Polestar|Polestar]]
* [[Company:Tesla, Inc.|Tesla, Inc.]]
* [[Company:XPeng|XPeng]]

== References ==
{{reflist}}

==External links==
{{Finance links
| name = NIO Inc.
| symbol = NIO
| reuters = NIO.N
| bloomberg = NIO:US
| sec_cik = NIO
| yahoo = NIO
| google = NIO
}}



[[Category:Battery electric vehicle manufacturers]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Luxury motor vehicle manufacturers]]
[[Category:Sports car manufacturers]]

{{Sourceattribution|Nio Inc.}}