Nio recently celebrated the production of its 200,000th car – an ET7 – at the JAC-NIO Advanced Manufacturing Center in Hefei, China. The achievement is significant for the electric car maker, as it took less than four years from May 2018 to April 2022 to reach the production milestone.
The company added that it had increased production in the previous 12 months to make a second 100,000 cars, setting a new record for its kind of production speed – the 100,000-unit milestone came in April 2021. Since its inception, the company has struggled to stay afloat and almost go bankrupt at some point, although it has still been able to launch five models called the EP9, EC6, ES6, ES8 and ET7.
In 2022, the company will begin selling the ET5 and ES7, which together with the ET7 are based on Nio’s second-generation technology platform, NT2.0. Meanwhile, the EC6, ES6 and ES8 will be upgraded with the latest digital cockpit hardware, which will also be offered as an update for existing owners.
By the end of the year, Neo said it would open less than 100 new stores and more than 50 Neo service centers and approved service centers in China. Recently, it was announced that Nio’s network of EV battery switching stations – usable by all its models – has expanded to 900 stations, which is about a quarter of the target of more than 4,000 stations by the end of 2025.
The company also expects R&D investment to double this year, with 9,000 employees. In addition to its initial manufacturing facilities, a second manufacturing base located at NeoPark will be launched in Q3 2022.
Outside of China, Nio will launch its products and services in more European countries, such as Germany, the Netherlands, Sweden and Denmark, already in Norway.