NIO Inc.

NIO Inc. designs, engineers, manufactures, and sells smart electric vehicles while developing proprietary digital systems, assisted driving technologies, and electric powertrains. The company serves individual consumers, families, and executive clients through three targeted vehicle brands: premium models under NIO, family-focused electric vehicles under ONVO, and compact high-end cars under FIREFLY. Alongside vehicles, it provides comprehensive power solutions such as battery charging, swapping, and subscriptions, as well as after-sales maintenance, auto financing, lifestyle merchandise, and technical licensing services to automotive partners.

The enterprise operates across China, Europe, Southeast Asia, and the Middle East, manufacturing vehicles at three production plants in Anhui, China. Its retail and customer network includes 173 NIO Houses, 393 NIO Spaces, 419 ONVO Centers and Spaces, 416 service centers, and 3,737 battery swap stations globally. Worldwide research, development, and design centers are situated in Shanghai, Beijing, San Jose, Munich, and Oxford. Corporate executive offices are headquartered in Shanghai, China.

Summary of the business section of NIO's latest annual report, written by StockData.

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