NIO Power Swap Receives Distinction for High Design Quality in the Red Dot Award: Product Design 2019

• NIO Battery swap station NIO Power Swap awarded Red Dot Award: Product Design 2019
• Second Red Dot accolade in a row for NIO’s charging infrastructure confirms NIO’s “Driven by Design” philosophy
• Another significant achievement for NIO after unveiling the EP9, EVE, ES8 and ES6 models

NIO Inc. (“NIO” or the “Company”) (NYSE: NIO) has been awarded the Red Dot Award: Product Design 2019 for its innovative battery swapping station NIO Power Swap . This is the second Red Dot accolade in a row for NIO, who won the “Best of the Best” award category in 2018 for home charging station NIO Power Home. The Red Dot is only awarded to products that feature outstanding design.

NIO is focused on developing cutting-edge technology and mobility concepts as well as making its brand and design integral parts of an overall “joyful lifestyle.” Recognition from a well-respected design award such as Red Dot is further confirmation of NIO’s “driven by design” vision.

The NIO Power Swap station features the world's first battery change technology of its kind. NIO has developed the world's smallest but scalable battery exchange station, which requires only three parking spaces. NIO's fully automatic battery swap enables efficient power charging in minutes. Additionaly, the safety system performs automatic battery and electrical system checks during battery replacement to ensure that the car and its batteries are always in top condition.

NIO’s Vice President of Design, Kris Tomasson said, “We are very proud to receive a Red Dot Award for the second year in a row. It confirms that not only are our products innovative and technologically leading, but that we are on the right track fulfilling our goal of being ‘driven by design.’”

The Red Dot Award: Product Design is one of the world’s largest design competitions. In 2019, designers and manufacturers from 55 countries entered more than 5,500 products in the competition. The international jury comprises experienced experts from different disciplines and has been convening for more than 60 years in order to select the year’s best designs. During an adjudication process that spans several days, they try out the products and ultimately reach a well-founded decision regarding the design quality of the entries. True to the motto “In search of good design and innovation”, their assessment focuses on criteria such as the level of innovation, functionality, formal quality, longevity and ergonomics.