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Īt NIO Day in December 2021, NIO announced it would bring its User Enterprise to Germany, Denmark, Netherlands and Sweden in 2022. In the third quarter of 2021, NIO delivered 24,439 ES8, ES6, and EC6, a new quarterly record representing a growth of 100.2% year over year. In May 2021, NIO announced a Norway expansion plan, saying it would begin delivering cars to Norway by September 2021. BaaS helps lower the purchase price of NIO electric vehicles by about 25%. Each contributing roughly US$31.6 million (CN¥200 million) into the venture, for 25% equity. and a subsidiary of Guotai Junan International Holdings Limited.
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In August 2020, NIO launched Battery as a Service (BaaS) and formed a battery asset management company in collaboration with Contemporary Amperex Technology Co., Limited ("CATL"), Hubei Science Technology Investment Group Co., Ltd. As part of the deal, NIO would transfer assets to a new subsidiary called NIO China, which will be headquartered in Hefei. In late April 2020, NIO announced approximately US$1 billion in new funding from a group of Chinese investors, which was needed due to the company's struggles to sell its vehicles. In September 2018, the company filed for a US$1.8 billion initial public offering on the New York Stock Exchange. Only batteries for ES8 cars would be available from this station. In May 2018, NIO opened its first battery swap station in the Nanshan District of Shenzhen, Guangdong, China, dubbed the "Power Swap Station". According to the company, it planned to launch vehicles with level-three and level-four autonomy. In October 2016, NIO announced that it had been given an "Autonomous Vehicle Testing Permit" by the California DMV and it would begin testing on public roads under the "Autonomous Vehicle Tester Program" guidelines as part of its autonomous vehicle program. Its first model, the NIO EP9 sports car, debuted the same day the brand was established. After the brand launch in the Saatchi Gallery in London in 2016, several companies invested in NIO, including Tencent, Temasek, Sequoia, Lenovo and TPG.