NIO is a Chinese multinational automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric vehicles. The company is also involved in the FIA Formula E Championship, although NIO has ended funding the team after selling to Lisheng Racing.
NIO was founded in November 2014 by William Li, the chairman of Bitauto and NextEV. Investors in NIO post-launch include Tencent, Temasek, Sequoia, Lenovo and TPG. Its first model, the NIO EP9 sports car, debuted the day the brand was established.