NIO Inc. (NYSE:NIO) is a pioneer in China's premium electric vehicle market, founded in November 2014. NIO's mission is to shape a joyful lifestyle by offering premium smart electric vehicles and being the best user enterprise. Recently, the Bosch Group and NIO signed a strategic cooperation agreement focused on sensor technology, automated driving, electric motor controls, and intelligent transport systems. The signing ceremony took place in Berlin in the presence of German Chancellor, Dr. Angela Merkel, and Chinese Premier, Li Keqiang. NIO began delivering its seven-seater high-performance electric SUV, ES8, to its users in China in June. The vehicle contains key components from Bosch, such as driver assistance systems, control units, sensors and the iBooster electromechanical brake booster. The components will be further developed for NIO's future models. Bosch pursues the aim of sustainable mobility, which is low in harmful substances and does not rely on fossil fuels. Bosch's vehicles are equipped with an internal combustion engine and an electric motor. They can be operated either individually or simultaneously. The integrated lithium-ion battery is charged before the start of a trip, which gives vehicles a longer range than hybrids with motor generators.
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