NIO Inc.

NIO Inc. is a pioneer and leading company in the global smart electric vehicle market, incorporated in the Cayman Islands in November 2014 and headquartered in Shanghai, China. The company's mission, encapsulated by its vision of "Blue Sky Coming," is to shape a joyful lifestyle by offering premium smart electric vehicles and providing an exceptional user experience, aspiring to be the world's first "User Enterprise."

NIO designs, develops, manufactures, and sells a range of smart electric vehicles, including sedans and SUVs, under its premium NIO brand, such as the ES8, ES9, ET5, ET7, and ET9 models. The company has also expanded its market reach with sub-brands Onvo, targeting family-oriented electric vehicles, and Firefly, focusing on small high-end electric cars. Beyond vehicle sales, NIO offers comprehensive power solutions, including its innovative Battery-as-a-Service (BaaS) model and battery swapping technology, alongside charging services, after-sales support, insurance, financing, and digital services. Its unique ecosystem includes "NIO Houses" that serve as showrooms and community hubs, fostering a user-centric approach.

Led by founder, Chairman, and CEO William Li, NIO has solidified its position as a leader in China's premium EV market and is expanding its presence internationally, particularly in Europe. Recent developments include the launch of the five-seat ES8 in July 2026, building on the success of the third-generation ES8 which contributed to the company's first-ever quarterly profit in Q4 2025. In Q1 2026, NIO reported revenues of RMB25.5 billion and delivered 83,465 vehicles, with a gross margin of 19.0%. The company continued its strong performance into Q2 2026, delivering 107,658 vehicles, marking a 49.4% year-over-year increase and bringing cumulative deliveries to over 1.18 million by June 30, 2026. Despite facing rising raw material costs, NIO continues to differentiate itself through technological innovation, including advanced autonomous driving capabilities and its extensive battery swapping network.