Nio Technology
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Nio is much more than a car company.
Nio technology. Nio is the only company using this technology. The company is also innovating in the self driving technology space and offers a battery swap service. Nio delivered 20 565 cars last year marking an 81 year over year increase. Under agreements with strategic investors nio has the right to buy back 50 of the equity interest in nio china held by jianheng new energy fund one of the strategic investors the company said in a security.
The subsidies only apply to vehicles that cost less than 300 000 yuan. Nio has conspicuously taken an approach to battery technology that is distinctly different from tesla nasdaq. Nio is the first company in the world to provide car owners with mobile internet and iot technology based valet charging and battery swapping services. Nio power mobile power mobile is a brand new power service developed by nio.
Nio designs and develops smart high performance electric vehicles with an aim to be the first user enterprise in the world. Nio s current partner mobileye last year made a push of its mapping technology road experience management rem into china through a partnership with local chipmaker tsinghua unigroup. This is tricky with current lithium ion battery technology so nio is working hard on a suite of battery solutions as well as factoring more self driving capability into future products. This was followed by an agreement with state owned automaker saic which will be the first chinese oem to provide driver assisted functions with mobileye s mapping technology according to an announcement.
However china allowed an exception for vehicles that use battery swap technology. Several over the updates throughout 2018 and 2019 has enhanced nio pilot with features such as lane keeping adaptive. Nio will repurchase an 8 6 stake in nio china from investors nio will repurchase an 8 6 stake in nio china from investors for consideration of rmb511 5 million yuan us 72 5 million. Nio pilot is the company s sae level 2 semi autonomous system that offers adas features.
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