Nio Inc.-ADR

Nio, Inc. manufactures and sells electric vehicles, including smart and connected vehicles. Operating internationally, the company focuses on the manufacture of autonomous electric vehicles that incorporate next generation technologies and artificial intelligence. Founded in 2014, Nio has its headquarters in Shanghai, China. Formerly known as NextEV Inc., the company changed its name to Nio, Inc. in July 2017. Nio manufactures a full range of vehicles including a seven-seated all aluminium alloy body electric sports utility vehicle (SUV). It sells its vehicles through a network of Nio Houses, which act as showrooms as well as clubhouses, and a mobile application. The company also provides vehicle charging solutions, which include Power Home, Power Swap, Power Mobile, and Power Express. Along with its automobile development and manufacturing activities, Nio offers a clothing line, service centres, and battery swap stations. Nio stock is listed on the NYSE under the ticker NIO. In addition to its other products and services, the company offers various value-added services, including car damage, liability, and third-party liability insurance through third-party insurers, repair and routine maintenance services, and roadside assistance. Nio has the financial backing of several high-profile investors, including Lenovo, Baidu, and TPG. Track NIO share price movements by adding it to your eToro virtual portfolio.