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Nio
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Nio

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Nio
Nio
Nio builds premium electric vehicles in China. The company’s EVs feature swappable batteries that allow drivers to get back on the road minutes after pulling into battery-swap stations. It has signed partnership agreements with other carmakers, Zhejiang Geely and Changan Automobile, to build cars with the technology and expand the country’s network of swap stations. It operates two plants, both in Hefei, the capital of Anhui province.
Chairman / President
Li Bin
CEO / Managing Director
Li Bin
CFO / Finance Director
Qu Yu
Industry
Automotive, Electric Vehicles
Website
nio.com
Headquarters address
Nio House, No. 399, Kaiqing Road, Jiading District, Shanghai, China
Stock Code
NYSE:NIO
SEHK:9866
Year founded
2014
Illustration: Lau Ka-kuen
Mainland China

How China’s EV makers think they can outrun disastrous price wars

At Beijing’s urging, an industry largely built on discounting must hold the line on prices and convince buyers to pay for better technology.

Mainland China

Video | Will oil shocks trigger a Chinese EV buying spree?

Electric & new energy vehicles

3 Chinese EV makers raise prices – but demand slowdown could force reversal

SCMP Highlights

Geely speeds to the top, BYD’s quest for faster charging: 7 EV reads

From top Chinese carmakers selling more units overseas to Geely’s upper hand in local market, here are seven EV stories you may have missed.

China’s bestselling EV model Galaxy Xingyuan. Photo: Handout
China property

China mall shuffle: as EVs exit, who’s filling the ground-floor showrooms?

New demand for mall space comes from brands riding fresh trends, including Unitree Robotics, Pop Mart and Lululemon.

Formula One (F1)

China’s BYD explores entering Formula 1 in company’s first push into motor racing

Company is looking at options amid sport’s shift towards hybrid engines, but costs of up to US$500 million a season could be a big obstacle.

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Electric & new energy vehicles

Chinese EV maker Nio forecasts surge in deliveries after first quarterly profit

The company’s turnaround highlights resilience in China’s EV market, defying a slowdown that has weighed on most domestic rivals.

Nio has set a delivery guidance of up to 83,000 vehicles for the first quarter of 2026. Photo: Xinhua
Electric & new energy vehicles

China should skip a step in self-driving cars, Xpeng CEO says

He Xiaopeng urges Beijing to clear way for a leap ahead in autonomous driving technology – a jump he promises to propose at the ‘two sessions’.

Robotics

Germany’s Merz meets China’s tech vanguard, including Alibaba and Unitree CEOs

Hangzhou visit reflects Germany’s attempt to work further with the engines of China’s digital and robotics economy.

SCMP Highlights

CATL’s sodium-ion breakthrough, Tesla’s AI training centre: 7 EV reads

From China banning carmakers from selling below cost to Chinese brands’ dominance in Brazil, here are seven EV stories you may have missed.

CATL’s new Naxtra battery will be installed in China Changan Automobile Group EVs for winter testing in the Inner Mongolia autonomous region. Photo: Weibo
Electric & new energy vehicles

Chinese EV maker Nio raises US$2.6 billion bet on battery swapping

Company touts 100 million swaps, but fast-charging batteries are eating into the technology’s speed advantage, analyst says.

Shanghai-based Nio is the only mainland carmaker that builds swap-ready EVs. Photo: Facebook/Nio
Electric & new energy vehicles

Tesla, Xiaomi vie for Chinese EV buyers with cheaper, longer loans

Low interest rates and seven-year payback periods replace price discounts while EV sales drop and materials costs rise.

Electric & new energy vehicles

Chinese EV makers’ shares skid as sales slide after tax incentive ends

Shares in Hong Kong-listed BYD, Xpeng, Li Auto and Nio plummet as tepid January sales underline pessimistic forecasts for the year.

Electric & new energy vehicles

How Tesla’s AI shift is prompting Chinese rivals to expand tech offerings

As Tesla diversifies into humanoid robots and self-driving cars, its Chinese competitors are also moving into flying cars, robots and chips.

videocam
Xpeng’s X2 flying car is displayed at the Gaikindo Indonesia International Auto Show in Tangerang, Banten, Indonesia, in July 2025. Photo: Shutterstock
European Union

Opinion | On EV targets, Europe should take a page from China’s playbook

To avoid dilemmas associated with grandiose, fixed-date bans, the European Union can embrace China’s approach and pursue an inclusive green agenda.

Workers assemble electric vehicles in Shijiazhuang, Hebei province, on December 24, 2025. Photo: VCG via Getty Images
Electric & new energy vehicles

Chinese EV makers’ outlook overseas improves as Europe levels the playing field

Europe’s 33 per cent EV sales growth outpaces the mainland in 2025, while Germany launches a US$3.5 billion subsidy programme.

Electric & new energy vehicles

China-EU tariff consensus on EVs will cut shipments but boost profits

Agreement on price floors will allow mainland carmakers to avoid price wars and nurture brand reputation, analysts say.

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Electric & new energy vehicles

China’s CATL, Nio deepen partnership to develop extended-life EV batteries

Joint effort highlights urgency as industry – including 40 million EV owners – braces for costly replacements.

The signing represents “a higher level of synergy between the two companies across the whole ecosystem”, according to CATL and Nio. Photo: AFP
China economy

Opinion | Innovation and exports will winnow China’s car industry in 2026

Exports will be key to profitability and chips will be the new battleground but consolidation is likely to be confined to the battery sector.

videocam
Robotics

Building a humanoid robot without China? Then you better bring a bigger wallet

China has issued five times the number of patents related to humanoid robots than the US, says Morgan Stanley.

5
Electric & new energy vehicles

Chinese lidar maker Seyond, founded by former Baidu engineers, debuts in Hong Kong

Its lidar sensors are used by carmakers such as Nio, as well as in robotics, unmanned delivery and industrial automation scenarios.

A view of Nio’s car assembly line in Hefei, Anhui province, China, April 22, 2025. Photo: EPA-EFE
Electric & new energy vehicles

China’s EV makers post stellar sales before incentives are phased out next year

Leapmotor leads the pack with record sales for a seventh month in a row, while Voyah and Zeekr put on a strong performance.

videocam
Voyah’s monthly sales rose for a fourth straight month, with deliveries rising 16.2 per cent month on month to 20,005 vehicles. Photo: Xinhua
Electric & new energy vehicles

China EV profit woes fuel market anxiety over challenging 2026

Investors quickly turn against EV makers as earnings fall short, and next year looks even more difficult, analysts say.

Electric & new energy vehicles

Chinese EV makers step on gas abroad amid weakening mainland sales

A growing export drive by Chinese EV makers aims to soak up overcapacity and secure better profits as incentives fade.

Made in China 2025

Chinese EV makers accelerate robotics drive for ‘game-changing’ edge over US

Xpeng, Cherry and others expand beyond cars, with humanoid robot Iron winning praise from Tesla CEO Elon Musk.

Xpeng’s humanoid robot Iron relies primarily on visual data for training and decision-making. Photo: Shutterstock
US-China tech war

Ant Group joins China’s nuclear fusion funding surge as AI fuels energy demand

Ant Group’s backing of fusion start-up Xeonova underscores the growing flow of capital in China’s experimental energy frontier.

The Experimental Advanced Superconducting Tokamak (EAST) in Hefei, east China’s Anhui Province, this year heralded major breakthroughs in the development of nuclear fusion. Photo: Xinhua
Semiconductors

Volkswagen to make own chips in China for locally made autonomous vehicles

‘We are moving beyond localised production to mastering the core technologies that shape tomorrow’s mobility,’ VW China CEO says.

IPO

Chinese EV maker Seres’ shares close unchanged in lacklustre Hong Kong debut

Trading under the stock code 9927, Seres’ shares fell as much as 10.3 per cent before closing flat at its IPO price of HK$131.50.

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