Nio Inc. is a Chinese multinational automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric vehicles. The company develops battery-swapping stations for its vehicles as an alternative to conventional charging. Nio designs and develops smart, high-performance, electric vehicles with an aim to be the first “User Enterprise” in the world. The company's products include the EP9 supercar and ES8 7-seater. Nio listed on the New York Stock Exchange in September 2018 after raising about $1 billion selling American depositary shares at $6.26 apiece.