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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.
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 | Contracts/Agreements | In May, the company partnered with BYD for batteries in their new EV brand, Onvo aiming to compete with Tesla with lower-priced vehicles. |
2024 | Plans/Strategy | In May, the company announced its plans to launch the Onvo brand. |
2024 | Contracts/Agreements | In May, the company and Guangzhou Automobile Group Co Ltd entered into a partnership to improve charging and swapping services in Guangzhou, Guangdong Province. |
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 | 23,064 | 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 |
Xin Zhou | Executive Vice President | Senior Management | 2015 | 52 |
Feng Shen | Executive Vice President | Senior Management | 2017 | 59 |
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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