Overview

Headquartered in Shanghai, China, NIO Inc. (NIO) develops, manufactures, and markets electric vehicles (EVs), primarily within its home market. Founded in 2014, the electric automaker debut its first vehicle (the ES8 SUV) in 2017, and went public on the New York Stock Exchange in 2018¹.

In the eighteen months following its public debut, Nio experienced many challenges, finding itself on the brink of bankruptcy in early 2020². However, following a $1 billion capital infusion by the Chinese city of Hefei, the company's fortunes began to improve. 

Expanding into electric sedans like the ET5 and ET7³, as well as benefiting from China experiencing its recovery from the initial outbreak of the coronavirus, Nio's annual revenue went from $1.12 billion in 2019, to $2.49 billion in 2020⁴, with analyst estimating the company's annual revenue to hit $5.62 billion for 2021⁵.

Thanks to its improved results, plus the "EV bubble" that emerged in electric vehicle stocks, NIO stock went from 

Recent Developments

Seeing itself as a possible "Tesla killer," Nio has long hinted at global expansion, and in 2021, made its initial move into an international market, launching its operations in Norway.

1. ^ https://thehustle.co/Nio-IPO-China/
2. ^ https://www.businessinsider.com/nio-first-limousine-fights-tesla-vw-and-sedan-china-bankruptcy-competitor-pioneer
3. ^ https://www.nio.com/
4. ^ https://seekingalpha.com/symbol/NIO/income-statement
5. ^ https://finance.yahoo.com/quote/NIO/analysis?p=NIO