Driving China in the race to electrify the future.

NIO is a next-generation Chinese car company that designs, jointly manufactures, and sells electric vehicles (EVs).

Why do we own it?

We believe the Chinese auto market possesses a unique set of characteristics that make it the perfect place for NIO to thrive. China is the world’s fastest-growing auto market given the rise of its middle class, which numbers in the hundreds of millions. The Chinese leadership is on a clear push to decarbonise the economy, and in many cities, it is now almost impossible to acquire a number plate for a traditional internal combustion vehicle. The future of motoring is clearly electric, but substantial duties apply to premium imported EVs, and Chinese consumers are finding ‘homegrown’ brands increasingly appealing. The brand appeal of NIO’s vehicles is enhanced by access to an extensive battery-swapping network and a wide range of other membership community benefits. Over the coming years, NIO looks set to expand overseas, have millions of its own vehicles on the road and to provide technology to manufacturers serving the mass market.

Who is key?

It began with the inspirational founder William Li, who in 2014 stood on his balcony in Beijing. He was 500m away from the China World Trade Centre, which he could not see through the polluted air. “I thought to myself, ‘we can do better than this’”, and so NIO was born.

NIO is completely reimaging the experience of car ownership.


The company showcased on this page is part of a diversified portfolio. The commentary should not be taken as advice on an individual stock.

Image Credit - © Nio

A blue Nio ES8 parked in front of a concrete wall.

First bought

November 2017

Investment trusts are UK public companies and are not authorised and regulated by the Financial Conduct Authority. You may not get back the amount invested and please bear in mind that past performance is not a guide to future performance.