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    NIO   US62914V1061

NIO INC.

(NIO)
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NIO : NOP Reviewed by Tech Channel QU PING CE

07/27/2021 | 06:00am EDT

Our advanced driver-assistance system (commonly referred to as autonomous driving) is NIO's Navigate on Pilot (NOP). Last year NIO pushed NOP with the NIO OS 2.7.0 update. Some of the advanced features include automatic navigation on highway ramps based on its high-definition map. NOP also automates lane switching and can overtake other vehicles based on road conditions, one step closer to fully autonomous driving.

Only two companies in the market have this feature, and NIO's NOP is one of them. QU PING CE, a popular tech review channel in China led by Li Jieling, test drove the NIO ES8 with the upgraded NOP feature when NIO OS 2.7.0 was first released.

'As long as the lane on the route is clear and the traffic conditions on the road are ok, the NIO ES8 can complete the driving smoothly,' said Li about the NIO ES8 driving ability with NIO's NOP feature.

'There are some details, such as NOMI turning its head toward you when you open the door from the driver's seat, that are really great. When you open the door from the passenger seat, NOMI turns her head toward you. This little human-computer interaction is very impressive!' When Li mentioned how NOMI interacts with the drivers and passengers with NIO OS 2.7.0 update.

NIO has updated to 2.10.0 as the latest OS, and it allows the vehicle to automatically maneuver into the NIO Power Battery Swap Station 2.0. Users can complete a self-service battery swap with only one click while staying in the car. NIO's NOP will continue to improve via Firmware Over The Air (FOTA) upgrades.

Disclaimer

Nio Inc. published this content on 27 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2021 09:59:02 UTC.


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Financials
Sales 2021 36 297 M 5 612 M 5 612 M
Net income 2021 -5 866 M -907 M -907 M
Net cash 2021 27 413 M 4 238 M 4 238 M
P/E ratio 2021 -56,8x
Yield 2021 -
Capitalization 370 B 57 188 M 57 165 M
EV / Sales 2021 9,43x
EV / Sales 2022 5,63x
Nbr of Employees 7 763
Free-Float 70,6%
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Mean consensus BUY
Number of Analysts 22
Last Close Price 225,65 CNY
Average target price 397,64 CNY
Spread / Average Target 76,2%
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Managers and Directors
Bin Li Chairman & Chief Executive Officer
Li Hong Qin President & Director
Feng Wei Zhang Chief Financial Officer
Ganesh V. Iyer Chief Information Officer
Hai Wu Independent Director
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