Chinese EV startup Nio has been named as one of China’s most innovative companies by American monthly business magazine Fast Company.
Nio joins 50 other innovative companies making significant impacts in their fields around the world, as part of the annual Most Innovative Companies 50 list and number #5 for China.
As Fast Company puts it, Nio “has brought the same kind of excitement to the market as Tesla has in the United States, but amid a much more crowded market of electric-vehicle startups”.
For a relative newcomer to what is the world’s largest market for electric vehicles, its stable of premium electric vehicles have already captured the world’s attention.
Its’ Nio EP9 supercar became the fastest electric production car in July 2018 at the Goodwood Festival of Speed, making the famous hillclimb in just 44.32 seconds.
Its next model, the ES8 all-electric 6-seater SUV, then made a name as it broke the Guiness world record for “Highest altitude achieved in an electric car” when it climbed the to 5,715.28 metres at the Purog Kangri glacier in Tibet in September 2018.