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NIO history
NIO company history timeline
NIO is an electric Chinese car maker that was founded by William Li, aka Li Bin, in 2014.
Li Auto: Li Auto is a Chinese smart electric vehicle maker that Li Xiang founded in 2015.
NIO developed its first model, the EP9 supercar, in 2016.
In November 2017, it opened its first NIO House in Shanghai (more on that later), followed by its first production car’s unveiling the next month.
In September 2018, Li Bin was in New York to ring the famous bell, and NIO collects over a billion dollars from its public offering.
So far, so good, and deliveries start in the summer of 2018, followed by favorable reviews in several Chinese car magazines.
NIO’s investigation ultimately leads to a faulty plug jacket that can cause a short circuit, and in early 2019 all cars the company has produced need to be recalled for repairs.
Halfway through 2019, NIO started delivering its second model, the ES6.
In April 2020, the company announced a $1 billion funding from a bunch of new Chinese investors, which the company badly needed due to its struggles at selling its cars.
2020 will go down in history as a dramatic year for obvious reasons, but one of the more bewildering stories of the year is Tesla’s stock price.
According to reports, Rivian intends to start manufacturing its RIS SUV and RIT pickup in 2022.
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NIO competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Tata Motors | 1868 | $42.0B | 78,906 | - |
| Lucid Motors | 2007 | $807.8M | 2,000 | 498 |
| Karma Automotive | 2015 | $204.0M | 625 | 7 |
| Rivian | 2009 | $5.0B | 7,500 | 456 |
| Chery Motors Chile | 1997 | $740.0M | 16,721 | - |
| TEMSA | 1968 | $58.0M | 3,000 | - |
NIO history FAQs
Zippia gives an in-depth look into the details of NIO, including salaries, political affiliations, employee data, and more, in order to inform job seekers about NIO. The employee data is based on information from people who have self-reported their past or current employments at NIO. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by NIO. The data presented on this page does not represent the view of NIO and its employees or that of Zippia.
NIO may also be known as or be related to NIO, NIO Inc and Nio.