NIO Inc. (NYSE: NIO, HKEX: 9866, SGX: NIO) is a Chinese smart EV maker headquartered in Shanghai, with its main manufacturing base in Hefei, Anhui. It sells cars in China and several European markets, operates NIO Houses as owner clubs and showrooms, and runs thousands of battery swap stations. As of December 31, 2025, it had 35,032 full-time employees. Founder William Li is chairman and CEO. The company is headquartered in Shanghai, China.
NIO earns most of its revenue from vehicle sales across three brands: NIO (premium SUVs and sedans such as the ES8, ES6 and ET5), ONVO (family SUVs such as the L60 and L90) and FIREFLY (a compact car). In Q2 2026 vehicle sales were ~$4.04 billion (RMB29.06 billion) of ~$4.47 billion (RMB32.14 billion) in total revenue. The rest comes from 'other sales', which include battery swap and charging services, Battery as a Service subscriptions, parts, after-sales service, used cars and embedded software. Under BaaS, a buyer pays a lower sticker price and rents the battery monthly, which lets NIO keep battery packs inside its swap network.