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Nio Inc.
Nio Inc. (; stylized as NIO) is a Chinese electric vehicle company headquartered in Shanghai. The company was established in 2014 and adopted its current name in 2016. In 2018, Nio filed for an initial public offering on the New York Stock Exchange. Nio collaborates with the government-licensed vehicle manufacturer JAC Group to operate two manufacturing plants in Hefei, Anhui, China. The company is notable for operating battery-swapping stations for its vehicles, as an alternative to conventional charging stations. It operates over 1,300 battery swap stations in China. It also develops semi-autonomous and autonomous vehicle technologies. Nio has participated in Formula E racing since 2014. Nio created a new electric car brand called Onvo in 2024, intending to target the mass market. Overview After the brand launch on November 21, 2016 in the Saatchi Gallery in London, England, several companies invested in Nio, including Tencent, Temasek, Sequoia, Lenovo and TPG. Its f ...
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Beijing
Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as China's List of cities in China by population, second largest city by urban area after Shanghai. It is located in North China, Northern China, and is governed as a Direct-administered municipalities of China, municipality under the direct administration of the Government of the People's Republic of China, State Council with List of administrative divisions of Beijing, 16 urban, suburban, and rural districts.Figures based on 2006 statistics published in 2007 National Statistical Yearbook of China and available online at archive. Retrieved 21 April 2009. Beijing is mostly surrounded by Hebei Province and neighbors Tianjin to the southeast; together, the three divisions form the Jing-Jin-Ji, Jing-Jin-Ji cluster. Beijing is a global city and ...
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Firefly (marque)
Firefly () is a brand of electric cars established by Chinese automotive manufacturer Nio Inc. in 2024, specializing in small, high-end electric cars for the Chinese and European car markets. History The Firefly brand made its official debut in China on 21 December 2024 at the Nio Day 2024 company event. Established as a brand of small, high-end electric cars, Firefly's target market is Europe, and the brand was described by Nio's CEO William Li as a rival to European premium small car brands including Smart and Mini. After its launch in China and upcoming launch in Europe during the second quarter of 2025, the brand will be eventually sold in the Latin American and Southeast Asian markets. Nio initially planned for Firefly to be launched in Europe before China, but tariffs in Europe were blamed as the reason for the delayed launch. At the Nio Day 2024 event, former SAIC-GM executive Daniel Jin was announced as the Firefly brand's president. Products * Firefly (vehicle) (20 ...
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Autonomous Vehicle
Vehicular automation is using technology to assist or replace the operator of a vehicle such as a car, truck, aircraft, rocket, military vehicle, or boat. Assisted vehicles are ''semi-autonomous'', whereas vehicles that can travel without a human operator are ''autonomous''. The degree of autonomy may be subject to various constraints such as conditions. Autonomy is enabled by advanced driver-assistance systems (ADAS) of varying capacity. Related technology includes advanced software, maps, vehicle changes, and outside vehicle support. Autonomy presents varying issues for road, air, and marine travel. Roads present the most significant complexity given the unpredictability of the driving environment, including diverse road designs, driving conditions, traffic, obstacles, and geographical/cultural differences. Autonomy implies that the vehicle is responsible for all perception, monitoring, and control functions. SAE autonomy levels The Society of Automotive Engineers ...
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Charging Stations
A charging station, also known as a charge point, chargepoint, or electric vehicle supply equipment (EVSE), is a power supply device that supplies electrical power for recharging plug-in electric vehicles (including battery electric vehicles, electric trucks, electric buses, neighborhood electric vehicles, and plug-in hybrid vehicles). There are two main types of EV chargers: Alternating current (AC) charging stations and direct current (DC) charging stations. Electric vehicle batteries can only be charged by direct current electricity, while most mains electricity is delivered from the power grid as alternating current. For this reason, most electric vehicles have a built-in AC-to-DC converter commonly known as the "onboard charger" (OBC). At an AC charging station, AC power from the grid is supplied to this onboard charger, which converts it into DC power to recharge the battery. DC chargers provide higher power charging (which requires much larger AC-to-DC converters) ...
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Battery Swapping
Battery swapping or battery switching is an electric vehicle technology that allows battery electric vehicles to quickly exchange a discharged electric vehicle battery, battery pack for a fully charged one, rather than recharging the vehicle via a charging station. Battery swapping is common in electric forklift truck, forklift applications. , Taiwanese electric motorcycles and scooters, electric scooter manufacturer Gogoro operates the largest battery swap network for electric mopeds, with nearly 11,000 GoStations in Taiwan, and 250 in Mainland China. Chinese luxury carmaker Nio Inc., Nio is the only major operator of automobile battery swapping stations for the public. The company has built around 2250 battery swap stations around China and Europe, and the process takes three minutes from start to finish. Previously, Renault and Tesla Inc., Tesla attempted to make their vehicles capable of swapping batteries. History The concept of an exchangeable battery service was proposed ...
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Anhui
Anhui is an inland Provinces of China, province located in East China. Its provincial capital and largest city is Hefei. The province is located across the basins of the Yangtze and Huai rivers, bordering Jiangsu and Zhejiang to the east, Jiangxi to the south, Hubei and Henan to the west, and Shandong to the north. With a population of 61 million, Anhui is the 9th most populous province in China. It is the 22nd largest Chinese province based on area, and the 12th most densely populated region of all 34 Chinese provincial regions. Anhui's population is mostly composed of Han Chinese. Languages spoken within the province include Lower Yangtze Mandarin, Wu Chinese, Wu, Huizhou Chinese, Hui, Gan Chinese, Gan and small portion of Central Plains Mandarin. The name "Anhui" derives from the names of two cities: Anqing and Huizhou, Anhui, Huizhou (now Huangshan City). The abbreviation for Anhui is , corresponding to the historical , and is also used to refer to the Wan River and Mount Ti ...
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Hefei
Hefei is the Capital city, capital of Anhui, China. A prefecture-level city, it is the political, economic, and cultural center of Anhui. Its population was 9,369,881 as of the 2020 census. Its built-up (or ''metro'') area is made up of four urban districts plus Feidong, Feixi and Changfeng counties being urbanized, and was home to 7,754,481 inhabitants. Located in the central portion of the province, it borders Huainan to the north, Chuzhou to the northeast, Wuhu to the southeast, Tongling to the south, Anqing to the southwest and Lu'an to the west. A natural hub of communications, Hefei is situated to the north of Chao Lake and stands on a low saddle crossing the northeastern extension of the Dabie Mountains, which forms the divide between the Huai River, Huai and Yangtze rivers. The present-day city dates from the Song dynasty. Before World War II, Hefei remained essentially an administrative centre and the regional market for the fertile plain to the south. It has gone thro ...
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JAC Group
JAC Group (; officially Anhui Jianghuai Automobile Group Corp., Ltd.) is a Chinese automobile and commercial vehicle manufacturer.U.S.-China Commercial Relations: Navistar Inc.-- JAC Truck and Engine Joint Ventures
ustr.gov, January 2011
The company is based in , China. The company produced about 524,000 units in 2021, including 271,800 commercial vehicles and 252,500 passenger vehicles. It also sold 16,800 s (BEVs) in December 2021.


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New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock exchange in the world by market capitalization, exceeding $25 trillion in July 2024. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (ticker symbol ICE). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. According to a Gallup, Inc., Gallup poll conducted in 2022, approximately 58% of American adults reported having money invested in the stock market, either through individual stocks, mutual funds, or 401(k), retirement accounts. __FORCETOC__ History The earliest recorded organization of Security (finance), securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, secu ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ...
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Electric Vehicle
An electric vehicle (EV) is a motor vehicle whose propulsion is powered fully or mostly by electricity. EVs encompass a wide range of transportation modes, including road vehicle, road and rail vehicles, electric boats and Submersible, submersibles, electric aircraft and electrically powered spacecraft propulsion, electric spacecraft. Early electric vehicles first came into existence in the late 19th century, when the Second Industrial Revolution brought forth electrification and mass utilization of DC motor, DC and AC motor, AC electric motors. Using electricity was among the preferred methods for motor vehicle propulsion as it provided a level of quietness, comfort and ease of operation that could not be achieved by the gasoline engine cars of the time, but range anxiety due to the limited energy storage offered by history of the battery, contemporary battery technologies hindered any mass adoption of private electric vehicles throughout the 20th century. Internal combustion ...
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ERT Formula E Team
The Kiro Race Co, competing as Cupra Racing, Cupra Kiro, is an American-owned, British-based motor racing team that currently competes in the Fédération Internationale de l'Automobile, FIA Formula E Championship, an all-electric racing series. The team was previously owned and managed by Chinese companies Lisheng Sports and Gusto Engineering respectively, before being acquired by ''The Forest Road Company'', a Los Angeles-based investment firm. The team, previously competing under the names China Racing, NEXTEV TCR, NEXTEV Nio Inc., Nio, Nio Formula E Team, Nio 333 Racing, and Electric Racing Technologies (ERT) Formula E Team, has participated in the FIA Formula E World Championship since its 2014–15 Formula E Championship, inaugural season, winning the first Drivers' Championship with Nelson Piquet Jr., Nelson Piquet Jr. History China Racing was the second team (behind the Drayson Racing project, which then transformed into Trulli GP) to announce its involvement in Formula ...
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