NIO has redefined what it means to be a car company. The China-based electric vehicle (EV) maker was founded just nine years ago and has transformed from a humble start-up to an innovative powerhouse, accomplishing feats unparalleled in its industry. This past autumn, KraneShares was fortunate to host NIO Group Vice President Hui Zhang at the Milan leg of our European roadshow and also visit the Netherlands’ first “NIO house” in Rotterdam.

In Milan, Zhang’s excitement for NIO was infectious, and through our engagement with him, we got a glimpse into the future of the EV industry. The KraneShares Electric Vehicles & Future Mobility Index ETF (Ticker: KARS) provides exposure to NIO and companies like Tesla, Xpeng, BYD, Li Auto, Geely, and others engaged in EV production, autonomous driving, shared mobility, essential metal and battery production, hydrogen fuel cell manufacturing, and electric infrastructure businesses.

NIO produced its first small-batch EV in 2015, a racecar made to compete in Germany’s Formula E tournament. NIO was the first-ever Chinese carmaker to participate in the tournament and won the annual championship in its first season, setting a world record in the 20.8-kilometer stretch. Now, NIO offers luxury sedans, SUVs, and coupes and has expanded globally, with a presence in China, Norway, Germany, Sweden, Denmark, and the Netherlands. With its cutting-edge technology, advanced AI-powered features, and battery-swapping technology, NIO EVs offer a sustainable, luxurious, and convenient driving experience that heavily incorporates user engagement.

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Data from NIO Company Website as of 11/14/2023.