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NIO NO. 1 IN NEW EV QUALITY SURVEY

AUTOMOTIVE NEWS
Tuesday, July 30, 2019

NIO, a Shanghai-based manufacturer of electric autonomous vehicles, ranked No. 1 in J.D. Power’s inaugural China New Energy Vehicle Experience Index Study. The index measures new-vehicle quality by monitoring problems reported by EV owners in the first two-to-six-months of ownership. According to JD Power survey, NIO scored higher than BMW, Chery Automobile, GAC Motor and BYD. NIO went public on the New York Stock Exchange in 2018, raising $1 billion in its initial public offering. Previously, IDG Capital joined the firm's Series B+ funding round.

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