Not hugely surprising, but very exciting. The Auto OEM market really is in disruption in the next few years. I'm looking forward to hearing NIO Co-Founder Jack Cheng at the rEVolution event in Amsterdam next week.
I was the stereotypical boy, with posters of Porche 911, Lamborghini Contach, and Ferrari GTO on my walls, and have always been a 'petrol-head'. Of course now I drive plug in Hybrid, and later this year will go full BEV, and I'm fascinated how the major brands will cope and indeed if they will all survive. How will the dominant German Auto OEM's do? Will China become the new 'Germany', will Tesla continue to smash it, or collapse in on itself?
Only one thing is for sure, the electrification (and automating) of transport is happening at pace.
The planned IPO is reportedly intended to help the firm achieve its expansion plans — which call for the release of several “mass market” plug-in electric vehicles (now that the EP9 supercar has been released) and the development of self-driving vehicle tech. You may recall that NIO was recently granted a license in China to begin testing self-driving vehicles on public roads.