Source: Robert Way / Shutterstock.com NIO’s business has grown impressively over the past year, and news from the premium EV maker’s management team has never been more bullish. 8 ETFs to Buy to Benefit From Inflation Nio’s revolutionary and patented concept of battery swaps is gaining traction with EV drivers. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Two years ago, Chinese electrical vehicle (EV) maker Nio (NYSE:NIO) announced it didn’t have the funds to last another 12 months.