NIO Inc. is a Chinese automaker specializing in designing and developing electric vehicles (EVs). Founded in 2014 by William Li, the company has quickly become one of Tesla’s main rivals in China. NIO operates primarily in China, but it also has a global footprint with offices and operations in the United States, the United Kingdom, and Germany. The company offers a range of high-performance EVs, such as the ES8, ES6, and the EC6, alongside battery-swapping infrastructure. Its valuation has soared in recent years, making it one of the most prominent players in the electric vehicle market.