NextEV / NIO

NIO Inc., founded in November 2014 by William Li, is a leading Chinese electric vehicle manufacturer headquartered in Shanghai. Originally operating under the brand NextEV, the company rebranded to NIO in 2016, coinciding with the launch of the EP9 supercar. The company produces a range of premium electric sedans and SUVs, and has expanded its portfolio with sub-brands such as the family-oriented Onvo and the upcoming Firefly.

NIO is distinguished by its Battery-as-a-Service (BaaS) model and an extensive network of battery swap stations, for which it has established partnerships with other major automakers. The company was the first Chinese EV maker to list on the New York Stock Exchange in 2018, with subsequent listings on the HKEX and SGX. While maintaining R&D and corporate functions in Shanghai, NIO operates manufacturing facilities in Hefei, China.