Core Insights - NIO's stock opened up by 5.09% on August 21, reaching $5.328 per share, with a total market capitalization of $12.066 billion [1] - As of March 31, 2025, NIO reported total revenue of 12.035 billion RMB, a year-on-year increase of 21.46%, while the net profit attributable to shareholders was -6.891 billion RMB, a decrease of 31.06% year-on-year [1] Group 1 - NIO is a pioneer and leader in the high-end smart electric vehicle market, established in November 2014, with a mission to create a pleasant lifestyle for users [2] - The company aims to build a community starting from smart electric vehicles, sharing joy and growing together with users [2] - NIO designs, develops, co-manufactures, and sells high-end smart electric vehicles, driving innovation in autonomous driving, digital technology, electric powertrains, and battery technology [2] Group 2 - NIO has achieved continuous technological breakthroughs and innovations, such as industry-leading battery swapping technology, Battery as a Service (BaaS), and unique autonomous driving technology and subscription services (ADaaS) [2] - The company launched its flagship seven-seat smart electric SUV, ES8, in December 2017, with deliveries starting in June 2018, followed by the six-seat version in March 2019 [2] - NIO introduced the high-performance all-round SUV, ES6, in December 2018, with deliveries beginning in June 2019, and the electric coupe SUV, EC6, in December 2019, with deliveries starting in September 2020 [2]