Although it was just founded a decade ago, Nio (NIO) has quickly become one of the world's most prominent EV manufacturers.

Beyond the Ticker takes a deep dive into the company's biggest moments.

2014

Nio was founded by William Li, with the goal of making premium EVs widely accessible in China.

2016

The Nio EP9 sports car debuted. It set the record for the fastest lap by an EV at several tracks, including Circuit of the Americas.

2018

On September 12, 2018, Nio filed for a $1.8 billion IPO on the New York Stock Exchange. Shares were priced at $6.26 per share.

2019

Nio recalled nearly 5,000 of its ES8 electric SUVs after multiple reports of battery fires.

Then later that year, Nio began delivering its second model, the Nio ES6, a more conventional and affordable SUV than the ES8.

2020

Nio announced approximately $1 billion in new funding from a group of Chinese investors.

As part of the deal, Nio transferred its assets to a new subsidiary called Nio China, headquartered in Hefei.

2021

Nio announced an expansion plan and began delivering the ES8, ES6, and EC6 to Norway in the third quarter of 2021.

Nio has been under pressure for some time and is now way below its 2021 highs, when the company's valuation was over $100 billion.

2024

Nio established a new EV brand called Onvo, targeting the mainstream market.

The company pioneered developing battery-swap stations for its EVs, operating over 1,300 battery swap stations in China alone.

And Nio continues to expand, announcing plans to expand to 25 different countries and regions by 2025.

From tech giants to retail titans, Beyond the Ticker is a historical series that takes a deep dive into some of Wall Street's trending companies and how they transformed into the financial icons they are today.

Check out more of our Beyond the Ticker series, and be sure to tune in to Yahoo Finance.

Editor's note: This video was produced by Zach Faulds.

Video Transcript

Although it was just founded a decade ago, Neo has quickly become one of the world's most innovative ev makers beyond the ticker takes a deep dive into the company's biggest moments was founded by William Lee in 2014 with the goal of making premium evs widely accessible in China.

In 2016, the Neo ep nine sports car debuted it set the record for the fastest lap by an EV at several tracks including Circuit of the Americas in Austin, Texas.

On September 1220 18, Neo filed for a $1.8 billion IP O on the New York Stock Exchange shares are priced just above $6 per share but it wasn't all good news.

Neo recalled nearly 5000 ES eight electric suvs in 2019 after multiple reports of battery fires.

Then later that year, Neo began delivering its second model, the Neo ES six more conventional and affordable SUV than the ES eight.

In 2020.

Neo announced approximately $1 billion in new funding from a group of Chinese investors as part of the deal, Neo transferred its assets to new subsidiary called Neo China headquartered in Hefei.

Neo announced an expansion plan and began delivering the ES eight ES six and EC six to Norway in Q three of 2021.

Neo's production has been under pressure for some time and is now way below its 2021 highs when the company's valuation was over $100 billion.

In 2024 Neo established a new brand called on V targeting the mainstream market.

The company pioneered developing battery swap stations for its evs operating over 1300 battery swap stations in China alone and Neo continues to grow, announcing plans to expand to 25 different countries and regions by 2025.