Nio
Nio Inc., commonly referred to as Nio, is a prominent player in the electric vehicle (EV) industry, headquartered in Shanghai, China. Founded in 2014, the company has rapidly established itself as a leader in the premium electric car market, focusing on smart, high-performance vehicles. Nio's core offerings include electric SUVs and sedans, distinguished by their innovative battery-swapping technology and advanced autonomous driving features. With a strong presence in China and expanding operations in Europe, Nio has achieved significant milestones, including the launch of its flagship ES8 model and the introduction of the Nio Power Swap stations. The company is recognised for its commitment to sustainability and cutting-edge technology, positioning itself as a formidable competitor in the global EV landscape. Nio's dedication to user experience and community engagement further enhances its reputation, making it a noteworthy name in the automotive sector.
DitchCarbon Score
How does Nio's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Motor Vehicles industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Nio's score of 18 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Nio's reported carbon emissions
In 2023, Nio reported total carbon emissions of approximately 140.4 million tonnes CO2e, which includes 27.6 million tonnes CO2e from Scope 1 (direct emissions) and about 112.9 million tonnes CO2e from Scope 2 (indirect emissions from energy consumption). This represents an increase from 2022, where total emissions were around 140.4 million tonnes CO2e, with 26.5 million tonnes CO2e from Scope 1 and about 91.9 million tonnes CO2e from Scope 2. Nio has not publicly committed to specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other recognised frameworks. However, the company is actively engaged in sustainability efforts within the automotive sector, focusing on reducing emissions through the development of electric vehicles. Despite receiving a low score in the CDP climate disclosure, Nio's commitment to sustainability is evident in its operational strategies aimed at minimising environmental impact. Overall, while Nio's emissions have increased, the company continues to explore avenues for reducing its carbon footprint in alignment with industry trends towards sustainability and climate responsibility.
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Add to project2022 | 2023 | |
|---|---|---|
| Scope 1 | 26,535,320 | 00,000,000 |
| Scope 2 | 91,900,620 | 000,000,000 |
| Scope 3 | 118,435,940 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Nio is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
