'Changan Nio New Energy Vehicle Technology Co., Ltd.’was found in July 2018 by the two auto giants, Changan Automobile and Nio Auto. Marching Into the new Smart EV Field, both team up to create a brand new startup with the superior resources of domestic brand capabilities and the genes of an Internet Startup。
Changan Nio has set a new benchmark in China's NEV innovation space, setting the stage for a new crossover species to emerge and outstrip the traditional automobile enterprises and new vehicle startups. It focuses not just be new energy vehicle hardware but also smart technology software and data, and every segment of industry value chain, from R&D, manufacturing, marketing, service to user experience. This fully integrated approach will help lead transformation of the entire industry.
The company names William Li, Chairman of Nio Automobile, as chairman, LI Wei, Executive Vice President of Changan Automobile, as vice chairman. YANG Fang is named CEO of the company. The company is funded by both Changan Automobile (45% share) and Nio Automoblie (45%) with innovation of its equity structure - a 10% stake in the new company will be issued to its management team. The international management team has begun to be formed and is attracting global talents with its superior resources.