As a consequence of the NIO launch, other corporations invested in the company. Tencent, Temasek, Sequoia, Lenovo, and TPG were among them. The NIO EP9 sports car debuted on the same day as the stock was established. The California DMV awarded NIO an autonomous vehicle testing permit in October 2016, enabling it to begin testing on public roads under the “Autonomous Vehicle Tester Program” guidelines.
According to the firm, automobiles with level three and four autonomous capabilities are on the way. NIO’s “Power Swap Station” opened for operation in the Nanshan District of Shenzhen, Guangdong Province, China, in May 2018. This station would only have batteries for ES8 vehicles. Nio’s announcement of a $1 billion further investment in late April 2020 was essential since it failed to sell its autos.
Hefei will be the headquarters of Nio China, a new firm that will be a subsidiary of Nio.
Nio presented its Battery as a Service (BaaS) in August 2020 in collaboration with Contemporary Amperex Technology Co., Limited (“CATL”), Hubei Science Technology Investment Group Co., Ltd., and a subsidiary of Guotai Junan International Holdings Limited. Each is investing RMB200 million for a 25% interest in the firm. BaaS decreases the cost of acquiring a Nio electric vehicle by around 25%.
As part of its development into Norway, Nio declared in May 2021 that it would begin exporting autos to the nation in September 2021. In the third quarter of 2021, NIO reached a new quarterly record, delivering 24,439 ES8, ES6, and EC6, a 100.2 percent increase over the previous quarter.
The NIO Pilot is equipped with cutting-edge technologies.
NIO Pilot, the company’s SAE level 2 semi-autonomous system with ADAS, includes autonomous driving aspects. The ES8 model from NIO was the first to use it. Many over-the-air upgrades in 2018 and 2019 enhanced NIO Pilot by adding capabilities including lane-keeping, adaptive cruise control, lane departure warning, automated emergency braking, highway pilot, traffic jam pilot, auto lane change, and more.
These and many more functions are now included as standard equipment with NIO Pilot. The NIO Pilot sensor suite includes at least one trifocal front camera, five radars, and 12 ultrasonic sensors.NIO exhibited a car model outfitted with a Mobileye EyeQ4 vision chip for the first time. For the first time in November 2019, NIO and Mobileye announced a partnership to develop a self-driving car for consumers that might hit the market by 2022.
NIO’s Life: NIO Life is the corporation’s garment brand, created with Hussein Chalayan.
The NIO Support Service: NIO Service, the company’s network of service centers, is in charge of all customer assistance.
NIO with great power: The NIO Power network includes battery swap stations, power mobile, power home, and supercharges. There are 122 NIO Swap Stations in China, including 18 on the G4 Expressway.
The NIO ES8 was the first device to support battery changing. Nio has established a network of 700 battery-swap stations spanning tens of thousands of kilometers of Chinese expressways, in contrast to Tesla’s Supercharger system, which has never been widely deployed. On the G4 expressway, which links Beijing (the capital) to the Pearl River Delta (the world’s largest urban area, including Hong Kong and Shenzhen), 18 battery-swap stations have been erected in 14 different locations. In the 2nd phase of the project, eight battery swap stations were placed along the G2 highway, a 753-mile motorway between Beijing and Shanghai. This phase was completed in January of this year.
These stations are said to have a five-minute battery replacement time.
On March 24, 2021, NIO’s two millionth battery swap took place in Suzhou, China. The business has established, to finish its network in China, 193 battery swapping locations, 134 supercharging locations, and 327 destination locations. To begin, NIO’s second-generation battery swap station enables the car to autonomously park into the station, allowing customers to do a three-minute battery switch while remaining inside the vehicle. Second, on December 10, 2021, NIO’s yearly objective of 700 battery change stations in China reached ahead of time. NIO has sent over 5.3 million swaps to Chinese consumers as of this writing. Battery swapping is the recommended way of charging NIO devices.
On January 20, 2022, NIO will formally open Europe’s first battery swap facility in Norway. A battery exchange facility finds along the E-18 in Lier, only a few kilometers north of Drammen. NIO intends to install 20 battery swap stations before the end of 2022. The Power Exchange Station 2.0 is the company’s most recent battery switch station. In April 2021, 14 battery slots were added, with 13 packs and space to accept an extra empty battery.
NIO, formerly known as Team China Racing, was one of the first Formula E teams. Before the inaugural season, they changed their name to NEXTEV TCR. The team’s leading driver, Nelson Piquet Jr, won the FIA Formula E Driver’s Championship this season following wins in the Long Beach and Moscow races. However, the team only finished fourth in the constructors’ championship, thanks to a rotating roster of second drivers who were not as successful as Piquet.
Formula E’s second season permitted teams to design and construct their powertrains. The NEXTEV powertrain was Nio’s original design; however, despite its use, the team’s performances in the constructor’s championship plummeted from 9th in season 2 to 6th in season 3 to 8th in season 4. The team was previously known as NEXTEV, NEXTEV NIO, and NIO before being renamed NIO. The team’s meager performance shrank even more in Season 5 when they finished 11th and last in the finals.
For season 6, Lisheng Racing’s NIO 333 racing team has been renamed (2019-20). For the start time since Season 1, It did not give its engine for the car, instead opting to utilize the previous year’s Dragon powertrain. Even though NIO rebranded the product, it was still classified as a manufacturer.
There was no improvement in results, as neither Oliver Turvey nor Ma Qinghua scored a single point for the side in 2020. NIO improved somewhat in season seven, but despite the efforts of Turvey and newcomer Tom Blomqvist, the team remained in last place. Dan Ticktum, a newcomer, has been added to the NIO Formula E driver lineup for the 2021–22 season, taking the place of departed Swedish driver Blomqvist.