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Organization and Nature of Operations (Tables) | 12 Months Ended
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Dec. 31, 2025
Organization and Nature of Operations |
Schedule of principal subsidiaries | As of December 31, 2025, the Group’s primary operations are conducted in the People’s Republic of China (the “PRC”) and the Company’s principal subsidiaries and VIEs are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Equity | ​ | Place and Date of incorporation | ​ | ​
Subsidiaries | ​ ​ ​ | interest held | ​ ​ ​ | or date of acquisition | ​ ​ ​ | Principal activities
NIO Nextev Limited (“NIO HK”) (formerly known as Nextev Limited) |  | 100% | ​ | Hong Kong, February 2015 |  | Investment holding
NIO GmbH (formerly known as NextEV GmbH) |  | 100% | ​ | Germany, May 2015 |  | Design and technology development
NIO Co., Ltd. (“NIO SH”) (formerly known as NextEV Co., Ltd.) | ​ | 100% | ​ | Shanghai, PRC, May 2015 | ​ | Headquarter and technology development
NIO USA, Inc. (“NIO US”) (formerly known as NextEV USA, Inc.) | ​ | 100% | ​ | United States, November 2015 | ​ | Technology development
XPT Limited (“XPT”) | ​ | 100% | ​ | Hong Kong, December 2015 | ​ | Investment holding
XPT (Jiangsu) Investment Co., Ltd. (“XPT Jiangsu”) | ​ | 100% | ​ | Jiangsu, PRC, May 2016 | ​ | Investment holding
XPT Holding (Anhui) Co., Ltd. | ​ | 100% | ​ | Anhui, PRC, April 2021 | ​ | Investment holding
XPT EDS (Hefei) Co., Ltd. | ​ | 100% | ​ | Anhui, PRC, May 2021 | ​ | Manufacturing of electric drive system
NIO Power Express Limited (“PE HK) | ​ | 100% | ​ | Hong Kong, January 2017 | ​ | Investment holding
NIO User Enterprise Limited (“UE HK”) | ​ | 100% | ​ | Hong Kong, February 2017 | ​ | Investment holding
NIO Sales and Services Co., Ltd. (“UE CNHC”) (formerly known as Shanghai NIO Sales and Service Co., Ltd.) | ​ | 100% | ​ | Shanghai, PRC, March 2017 | ​ | Investment holding and sales and after sales management
NIO Energy Investment (Hubei) Co., Ltd. (“PE CNHC”) (Note (b)) | ​ | 100% | ​ | Wuhan PRC, April 2017 | ​ | Investment holding
Wuhan NIO Energy Co., Ltd. (“PE WHJV”) | ​ | 100% | ​ | Wuhan, PRC, May 2017 | ​ | Investment holding
NIO Holding Co., Ltd. (“NIO China”) (formerly known as NIO (Anhui) Holding Co., Ltd.) (Note (a)) | ​ | 100% | ​ | Anhui, PRC, November 2017 | ​ | Headquarter and technology development
XPT (Jiangsu) Automotive Technology Co., Ltd. (“XPT AUTO”) | ​ | 100% | ​ | Nanjing, PRC, May 2018 | ​ | Investment holding
NIO Financial Leasing Co., Ltd. (“NIO Leasing”) | ​ | 100% | ​ | Shanghai, PRC, August 2018 | ​ | Financial Leasing
NIO (Anhui) Co., Ltd. (“NIO AH”) |  | 100% | ​ | Anhui, PRC, August 2020 |  | Industrialization and technology development
NIO Technology (Anhui) Co., Ltd. (“NIO R&D”) |  | 100% | ​ | Anhui, PRC, August 2020 |  | Design and technology development
New Horizon B.V. | ​ | 100% | ​ | Netherlands, November 2022 | ​ | Investment holding
NIO Nextev Europe Holding B.V.(“NIO NL”) |  | 100% | ​ | Netherlands, December 2020 |  | Investment holding
NEU Battery Asset Co., Ltd. (“BAC Cayman”) |  | 100% | ​ | Cayman Islands, May 2021 |  | Investment holding
Instant Power Europe B.V. Co., Ltd. (“BAC NL”) | ​ | 100% | ​ | Netherlands, June 2021 | ​ | Battery Subscription Service
NEU Battery Asset (Hong Kong) Co., Ltd. (“BAC HK”) | ​ | 100% | ​ | Hong Kong, July 2021 | ​ | Investment holding
GeniTech Co., Ltd.(“Shenji”) | ​ | 100% | ​ | Anhui, PRC, June 2025 | ​ | Technology development
NIO AI Technology Limited (“NIO AI Technology”) | ​ | 96.970% | ​ | Cayman Islands, March 2021 | ​ | Investment holding
NIO AI Technology Limited |  | 96.970% | ​ | Hong Kong, May 2021 |  | Investment holding
Anhui NIO Autonomous Driving Technology Co., Ltd. (“Anhui NIO AD”) |  | 96.970% | ​ | Anhui, PRC, June 2021 |  | Technology development
Schedule of variable interest entities | As of December 31, 2025, the Group’s primary operations are conducted in the People’s Republic of China (the “PRC”) and the Company’s principal subsidiaries and VIEs are as follows: ​
​ | ​ | ​
​ | ​ ​ ​ | Place and Date of incorporation
VIEs and VIEs’ subsidiaries | ​ ​ ​ | or date of acquisition
Prime Hubs Limited (“Prime Hubs”) |  | BVI, October 2014
Beijing NIO Network Technology Co., Ltd. (“Beijing NIO”) |  | Beijing, PRC, July 2017
Anhui NIO AI Technology Co., Ltd. (“Anhui NIO AT”) | ​ | Anhui, PRC, April 2021
Anhui NIO Data Technology Co., Ltd. (“Anhui NIO DT”) | ​ | Anhui, PRC, October 2022
NIO Insurance Broker Co., Ltd (“NIO IB”) (formerly known as Huiding Insurance Broker Co., Ltd.) | ​ | Anhui, PRC, January 2023

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- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-5A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-9 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-4 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-6 + Details
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