olivLaw · US equity research
NIO Inc. NIO
Motor Vehicles & Passenger Car Bodies · SIC 3711 · Vertical: Motor Vehicles & Passenger Car Bodies (SIC 3711)
NIO Inc. designs, develops, manufactures and sells smart electric vehicles under three brands, NIO, ONVO and FIREFLY, and offers after-sales and power services. The company remains loss-making, though its net loss narrowed in fiscal 2025 as sales and revenue grew, a context that matters for judging its financial trajectory. Deliveries reached 326,028 vehicles.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 30 Oct 2026, NIO Inc. (NIO) stock was 3.21 USD (−3.31% on the day), with market capitalisation 7.9 bn USD, beta 1.00, 52-week range 3.21–7.42 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 34.6
- weak (30–45)
- Bollinger (20, 2)
- 3.19 – 3.59
- in the lower half of the band · %B 0.04 · band width 11.7%
- SMA 50 / 200
- 3.67 / 4.90
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.12 / -0.12
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −6.4% | −0.9% | −5.5 pp | — |
| 3 months | −34.2% | +1.2% | −35.4 pp | — |
| 6 months | −45.7% | +4.8% | −50.5 pp | — |
| Year to date | −37.1% | +10.7% | −47.8 pp | — |
| 1 year | −54.2% | +11.1% | −65.3 pp | −47.1% |
| 3 years | −56.0% | +80.7% | −136.8 pp | −38.7% |
| 5 years | −91.9% | +64.6% | −156.4 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 720.1 m | 1.1 bn | 2.5 bn | 5.7 bn | 7.1 bn | 7.8 bn | 9.0 bn | 12.5 bn |
| Revenue YoY | unavailable | +56.1% | +121.7% | +127.6% | +26.0% | +9.7% | +15.0% | +38.9% |
| Net income | -1.4 bn | -1.6 bn | -812.9 m | -630.3 m | -2.1 bn | -2.9 bn | -3.1 bn | -2.1 bn |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable | unavailable | -1.05 | -1.29 | -1.75 | -1.51 | -0.98 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | -194.7% | -144.4% | -32.6% | -11.1% | -29.3% | -37.3% | -34.1% | -17.1% |
| Free cash flow | unavailable | -1.5 bn | 126.2 m | -331.5 m | -1.6 bn | -2.2 bn | -2.3 bn | -439.4 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 1.6 bn USD
- Financial debt
- 1.9 bn USD
- Net debt
- 292.3 m USD
- Equity
- 592.1 m USD
- Total assets
- 17.8 bn USD
- Debt / equity
- 3.22x
- Current ratio
- 0.98x
- ROE
- -300.3%
- ROA
- -13.1%
- FCF margin
- -3.5%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 2.5 bn | 5.7 bn | 7.1 bn | 7.8 bn | 9.0 bn | 12.5 bn | SEC (XBRL)· 10 Apr 2026verified |
| Cost of revenue | 2.2 bn | 4.6 bn | 6.4 bn | 7.4 bn | 8.1 bn | 10.8 bn | SEC (XBRL)· 10 Apr 2026verified |
| Gross profit | 287.1 m | 1.1 bn | 745.8 m | 429.8 m | 889.5 m | 1.7 bn | SEC (XBRL)· 10 Apr 2026verified |
| Research & development | 381.3 m | 720.6 m | 1.6 bn | 1.9 bn | 1.8 bn | 1.5 bn | SEC (XBRL)· 10 Apr 2026verified |
| SG&A | 602.6 m | 1.1 bn | 1.5 bn | 1.8 bn | 2.2 bn | 2.3 bn | SEC (XBRL)· 10 Apr 2026verified |
| Operating income | -706.2 m | -705.6 m | -2.3 bn | -3.2 bn | -3.0 bn | -2.0 bn | SEC (XBRL)· 10 Apr 2026verified |
| Depreciation & amortisation | 160.4 m | 268.0 m | 413.5 m | 475.8 m | 804.9 m | 1.0 bn | SEC (XBRL)· 10 Apr 2026verified |
| EBITDA | -545.8 m ≈ | -437.5 m ≈ | -1.9 bn ≈ | -2.7 bn ≈ | -2.2 bn ≈ | -985.9 m ≈ | SEC (XBRL)· 10 Apr 2026derived |
| Interest expense | 65.3 m | 100.0 m | 48.3 m | 56.8 m | 109.4 m | 126.6 m | SEC (XBRL)· 10 Apr 2026verified |
| Pre-tax income | -811.9 m | -623.7 m | -2.1 bn | -2.9 bn | -3.1 bn | -2.1 bn | SEC (XBRL)· 10 Apr 2026verified |
| Income tax | 976.0 k | 6.6 m | 8.0 m | 36.7 m | -3.1 m | 17.4 m | SEC (XBRL)· 10 Apr 2026verified |
| Net income | -812.9 m | -630.3 m | -2.1 bn | -2.9 bn | -3.1 bn | -2.1 bn | SEC (XBRL)· 10 Apr 2026verified |
| Diluted EPS | — | -1.05 | -1.29 | -1.75 | -1.51 | -0.98 | SEC (XBRL)· 10 Apr 2026verified |
| Weighted average diluted shares | 1.2 bn | 1.6 bn | 1.6 bn | 1.7 bn | 2.1 bn | 2.3 bn | SEC (XBRL)· 10 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 5.9 bn | 2.4 bn | 2.9 bn | 4.6 bn | 2.6 bn | 1.6 bn | SEC (XBRL)· 10 Apr 2026verified |
| Receivables | 172.2 m | 443.0 m | 742.1 m | 656.0 m | 229.6 m | 199.4 m | SEC (XBRL)· 10 Apr 2026verified |
| Inventories | 165.8 m | 322.7 m | 1.2 bn | 743.4 m | 970.9 m | 1.2 bn | SEC (XBRL)· 10 Apr 2026verified |
| Current assets | 7.1 bn | 10.0 bn | 8.6 bn | 9.9 bn | 8.5 bn | 11.0 bn | SEC (XBRL)· 10 Apr 2026verified |
| Property, plant & equipment, net | 765.7 m | 1.2 bn | 2.3 bn | 3.5 bn | 3.5 bn | 3.7 bn | SEC (XBRL)· 10 Apr 2026verified |
| Intangibles (excl. goodwill) | — | — | — | 4.2 m | 4.1 m | 4.2 m | SEC (XBRL)· 10 Apr 2026verified |
| Total assets | 8.4 bn | 13.0 bn | 14.0 bn | 16.5 bn | 14.7 bn | 17.8 bn | SEC (XBRL)· 10 Apr 2026verified |
| Short-term debt | 237.5 m | 820.7 m | 585.6 m | 716.3 m | 784.9 m | 670.9 m | SEC (XBRL)· 10 Apr 2026verified |
| Long-term debt | 910.1 m | 1.5 bn | 1.6 bn | 1.8 bn | 1.6 bn | 1.2 bn | SEC (XBRL)· 10 Apr 2026verified |
| Current liabilities | 2.1 bn | 4.6 bn | 6.6 bn | 8.1 bn | 8.5 bn | 11.2 bn | SEC (XBRL)· 10 Apr 2026verified |
| Total liabilities | 3.5 bn | 7.0 bn | 9.9 bn | 12.4 bn | 12.9 bn | 16.0 bn | SEC (XBRL)· 10 Apr 2026verified |
| Equity | 4.2 bn | 5.5 bn | 3.5 bn | 3.6 bn | 830.8 m | 592.1 m | SEC (XBRL)· 10 Apr 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 299.0 m | 308.6 m | -560.5 m | -194.6 m | -1.1 bn | 427.9 m | SEC (XBRL)· 10 Apr 2026verified |
| Capex | 172.8 m | 640.0 m | 1.0 bn | 2.0 bn | 1.3 bn | 867.3 m | SEC (XBRL)· 10 Apr 2026verified |
| Free cash flow | 126.2 m ≈ | -331.5 m ≈ | -1.6 bn ≈ | -2.2 bn ≈ | -2.3 bn ≈ | -439.4 m ≈ | SEC (XBRL)· 10 Apr 2026derived |
| Investing cash flow | -777.2 m | -6.2 bn | 1.5 bn | -1.5 bn | -679.3 m | -1.6 bn | SEC (XBRL)· 10 Apr 2026verified |
| Financing cash flow | 6.3 bn | 2.8 bn | -234.4 m | 3.9 bn | 242.8 m | 978.7 m | SEC (XBRL)· 10 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- score weight coverage: 43.8% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
30 Oct 2026Source: olivLaw, closing series
Market cap: 7.9 bn USD
Key indicators
Coverage and freshness
Score by group
44% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the base of the ratio is not positive
- Peers: EV/EBITDAunavailable · the base of the ratio is not positive
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 43.8% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | -237.6% | 0 (vs peers) | 24% |
| Net margin · Quality | -17.1% | 52 (vs peers) | 14% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 20.5% | 100 (on a fixed band) | 19% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -15.9x | 0 (on a fixed band) | 14% |
| Current ratio · Balance sheet | 1.0x | 15 (on a fixed band) | 10% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -5.5% | 0 (on a fixed band) | 19% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet6/100 · 2/3 factors with a value
- Growth· partial100/100 · 1/2 factors with a value
- Quality20/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
NIO Inc. (NIO). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 12.5 bn USD in 2025; YoY growth 38.9%; net margin -17.1%; ROE -302.6%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (score weight coverage: 43.8% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 20.5%
What contradicts it
- ROIC: -237.6%
- Interest coverage: -15.9x
- Current ratio: 1.0x
- FCF yield: -5.5%
Not assessed (insufficient data or a ratio without meaning): FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Motor Vehicles & Passenger Car Bodies (SIC 3711) · same industry (4-digit SIC) · compared with 25 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| TSLATesla, Inc. | 1,580.4 bn | 440.8 | 3.8% | 3.1% | −2.9% | −12% / +99% |
| GMGeneral Motors Company | 73.7 bn | 19.5 | 6.1% | 2.1% | −1.3% | +27% / +210% |
| PCARPACCAR Inc | 53.7 bn | 19.4 | 13.7% | 9.5% | −15.5% | +4% / +23% |
| LILi Auto Inc. | 22.4 bn | 137.9 | 1.6% | 1.0% | −18.8% | −47% / −67% |
| RIVNRivian Automotive, Inc. | 17.8 bn | — | -55.0% | -45.9% | +8.4% | −10% / −25% |
| OSKOshkosh Corporation | 8.5 bn | 17.1 | 11.0% | 4.6% | −2.9% | +14% / +60% |
| NIONIO Inc. | 7.9 bn | — | -302.6% | -17.1% | +38.9% | −54% / −56% |
| VFSVinFast Auto Ltd. | 7.6 bn | — | — | -175.5% | +54.7% | +2% / −40% |
| FSSFederal Signal Corporation | 6.9 bn | 23.4 | 20.5% | 11.7% | +17.1% | −5% / +94% |
| LCIDLucid Group, Inc. | 1.2 bn | — | -571.4% | -249.2% | +67.6% | −83% / −93% |
| LOTLotus Technology Inc. | 252.3 m | — | — | -89.4% | −43.8% | −75% / −96% |
| NIUNiu Technologies | 116.2 m | — | -4.4% | -0.9% | +36.7% | −57% / −17% |
| GGRGogoro Inc. | 43.1 m | — | -56.2% | -28.4% | −9.4% | −27% / −94% |
| WKHSWorkhorse Group Inc. | 32.2 m | — | — | -301.5% | +201.1% | −76% / −100% |
| DCXDigital Currency X Technology Inc. | 23.1 m | — | — | -434.9% | −27.1% | −100% / −100% |
| FFAIFaraday Future Intelligent Electric Inc. | 12.4 m | — | -2,030.5% | -21,838.0% | −0.6% | −100% / −100% |
| CENNCenntro Inc. | 4.5 m | — | -126.6% | -423.9% | −42.2% | −85% / −100% |
| FLYEFly-E Group, Inc. | 2.8 m | — | -82.2% | -67.9% | −25.0% | −83% / unavailable |
| FFord Motor Co | — | — | -18.4% | -4.2% | +1.2% | −7% / +26% |
| XPEVXpeng Inc. | — | — | -7.9% | -46.7% | unavailable | −62% / −38% |
| AIIORobo.ai Inc. | — | — | — | -17,614.9% | −92.1% | −95% / −100% |
| RACEFerrari N.V. | — | — | 42.9% | 22.3% | +7.0% | −2% / +31% |
| TMToyota Motor Corp | — | — | 13.6% | 9.9% | +6.5% | −4% / +12% |
| PSNYPolestar Automotive Holding UK PLC | — | — | — | -100.8% | −14.1% | −84% / −93% |
| HMCHonda Motor Co., Ltd. | — | — | 6.7% | 3.9% | +6.2% | +11% / +10% |
1- and 3-year price returns: for NIO from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 10 Apr 2026; since then the company filed 6-K (02 Oct 2026), 6-K (28 Sept 2026), 6-K (01 Sept 2026), 6-K (20 Aug 2026).
In brief
NIO Inc. designs, develops, manufactures and sells smart electric vehicles under three brands, NIO, ONVO and FIREFLY, and offers after-sales and power services. The company remains loss-making, though its net loss narrowed in fiscal 2025 as sales and revenue grew, a context that matters for judging its financial trajectory. Deliveries reached 326,028 vehicles 1.
SWOT
Strengths
- The company has proprietary technology, from assisted driving to powertrains and batteries, and a developed service network.
- Several brands cover different market segments, which offers diversification.
- Ongoing investment in research and development has built in-house capabilities in key areas.
Weaknesses
- The company has reported net losses and negative operating cash flows in the past and could continue to do so.
- Its experience in large-scale manufacturing is limited, which could lead to delays.
- Many suppliers are single sources for their components, which raises supply chain vulnerability.
Opportunities
- Expansion into new markets in Europe, Southeast Asia and the Middle East could diversify revenue.
- New models and brands could attract new customer segments if well received.
- Power and battery services could generate recurring revenue.
Threats
- Intense competition may lead to lower volumes, higher inventories and pricing pressure.
- Changes in government policy and reduced subsidies could affect demand.
- Legal risks tied to the VIE structure and to Chinese regulation could affect operations.
Risks
- Continued losseshigh
The company has recorded losses and negative cash flows in the past and could continue to record losses in the near future.
- Large-scale manufacturinghigh
Limited experience in high-volume production could cause delays in launches or in expanding capacity.
- Chinese legal structurehigh
If authorities considered the VIE arrangements non-compliant with law, the company could face penalties or be forced to relinquish certain operations.
- Supplier dependencemedium
Many components come from single-source suppliers, and disruptions could affect production.
- Trade and international politicsmedium
Changes in trade policy and international tensions could affect market access and investment.
Investment thesis
What would need to be true (bull case)
- If the ES9, ES8 and ONVO L90 models are well received, sales could keep growing and support a narrowing of losses.
- Proprietary assisted driving technology and in-house chips could create a lasting edge over competitors.
- Expansion of power and after-sales services could produce more stable revenue.
What would break the thesis
- If losses persist, the company could need additional capital, which could dilute existing shareholders.
- Intense competition in China could pressure prices and margins, especially if rivals launch cheaper products.
- Legal and political risks tied to the company's structure and to Chinese regulation could limit investor access to operations.
What to watch
- Quarterly trend in deliveries and revenueQ1 2027
- Development of net loss and operating cash flow2027
- Results of the ES9 and ONVO L90 models after launch2027
- Updates on legal risks in the annual reportnext 20-F
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 10 Apr 2026; since then the company filed 6-K (02 Oct 2026), 6-K (28 Sept 2026), 6-K (01 Sept 2026), 6-K (20 Aug 2026).
The business
NIO presents itself as a pioneer and leading company in the global smart electric vehicle market, with the mission 'Blue Sky Coming'. The company builds its own technology across 12 areas, from assisted driving and digital systems to batteries, powertrains and vehicle engineering 1. After-sales services and a service network, which stood at 416 centres on 31 December 2025, complete the model 1. In fiscal 2025 total revenues were 87.5 billion RMB, yet the company reported a net loss of 14.9 billion RMB 1.
The company is headquartered in Shanghai and runs research and development centres in several countries and regions, including Shanghai, Anhui, Beijing, San Jose, Munich and Oxford 1. Operations in China are conducted mainly through PRC subsidiaries and, to a much lesser extent, through VIEs, a structure that carries specific legal risks 1.
Revenue is driven mainly by vehicle sales, which accounted for 87.9% of total revenues in fiscal 2025, with the rest coming from other sales such as parts, after-sales services and power solutions 1.
Segments
Vehicle sales
Vehicle sales, covering the NIO, ONVO and FIREFLY models, generated 76.9 billion RMB in fiscal 2025 and form the core of revenue 1.
Brands
The company operates three brands: NIO for the premium segment, ONVO for families and FIREFLY for small high-end electric cars, each with distinct deliveries in fiscal 2025 1.
Market context
The company is active in the smart electric vehicle market in China and in Europe, Southeast Asia and the Middle East, with plans to expand into further global markets 1. The China market is described as highly competitive, with price pressure and possibly reduced government subsidies 1.
The company says it aims to capture rising demand for electric vehicles, but its limited experience in large-scale manufacturing means market developments remain a source of uncertainty 1.
Trends
- New model launchestailwind
A new product cycle in 2025, including the ET9, ONVO L90 and All-New ES8, could support sales if customers respond well 1.
- Rising competitionheadwind
Competition in China is intensifying, with more aggressive pricing and margin pressure, which could weigh on volumes if the trend continues 1.
- Assisted driving technologymixed
Investment in assisted driving and in in-house chips may offer a technology edge, but research costs remain high 1.
- Politics and international tradeheadwind
Political tensions and changes in US and European trade policy could affect market access and costs 1.
Competitive position
NIO vehicles compete with both electric and internal combustion vehicles across several market segments, and many competitors have greater financial and technical resources 1.
The company notes that its early-mover advantage could be eroded if rivals achieve higher volumes, better pricing or faster product launches 1.
- Traditional and Chinese electric vehicle makers
The source refers to competitors across both vehicle types without naming them individually.
- Internal combustion vehicle manufacturers
Competition also comes from internal combustion vehicles, which hold a large share of the market.
- New entrants to the electric vehicle sector
The company notes that intensifying competition may also come from new producers launching products quickly.
- Autonomous driving technology suppliers
The company could face competition from specialised technology providers, though the source does not name them.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (foreign issuer)02 Oct 2026
- Current report (foreign issuer)28 Sept 2026
- Current report (foreign issuer)01 Sept 2026
- Current report (foreign issuer)01 Sept 2026
- Current report (foreign issuer)01 Sept 2026
- Current report (foreign issuer)20 Aug 2026
- Current report (foreign issuer)03 Aug 2026
- Current report (foreign issuer)02 Jul 2026
- Current report (foreign issuer)24 Jun 2026
- Current report (foreign issuer)09 Jun 2026
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / NIO Inc. · 10 Apr 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.