Nio - The Tesla of China - StartupWizz | StartupWizz

Nio – The Tesla of China

Nio is an electric car company based in Shanghai China. It is a pioneer in China’s premium electric vehicle market, has been named #5 in Fast Company’s prestigious annual list of the Most Innovative Companies in China for 2019. The company (Nio) was established in 2014. NIO Inc made its name by developing the “EP9” supercar. The two-seater ran the Nürburgring Nordschleife in just 6 minutes 45.9 seconds, setting a record for electric vehicles (EVs) on that track.

The company then entered the premium electric vehicle market in China with the “ES8,” an all-electric, full-size SUV that can seat seven passengers. NIO plans to launch the “ES6,” its five-seater SUV, by the end of this year.

NIO’s most notable 2018 innovative achievements include:

  • March 1, 2018: NIO Issued First Shanghai Intelligent Connected Vehicle Test Permit
  • April 9, 2018: NIO Wins the 2018 Red Dot Design Award’s Top Accolade
  • April 26, 2018: NIO Issued Beijing Intelligent Connected Vehicle Test Permit
  • June 28, 2018: NIO ES8 deliveries began in China
  • July 17, 2018: NIO EP9 sets “Fastest electric production car” record at Goodwood’s Festival of Speed with a lap time of 44.32 seconds
  • September 12, 2018: NIO Inc. announces New York Stock Exchange initial public offering
  • September 24, 2018: NIO ES8 sets Guinness World Record for “Highest altitude achieved in an electric car” at the height of 5,715.28 meters
  • October 20, 2018: 12 NIO Houses available throughout 10 cities in China
  • November 15, 2018: 18 battery swap service stations available along the G4 Expressway in China
  • December 15, 2018: NIO ES6 5-seater SUV product launch at NIO Day 2018

Why it could be a success

Analysts offering 12-month price forecasts for the stock price of Nio Inc have a median target of $56.23 from the last price of $8.17.


Nio – The Tesla of China
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