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Nio Inc.

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A Chinese maker of premium electric cars, Nio designs smart vehicles and is a pioneer of battery-swapping stations, where drivers pull in and a machine swaps their drained battery for a charged one in minutes while they stay seated. Founded in 2014 by entrepreneur William Li, the company's name echoes its Chinese name, Weilai, meaning "Blue Sky Coming." Drivers often describe the swap as a gentle roller-coaster ride, since the car shakes slightly as the battery is exchanged.

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