EV News Hubb
Advertisement Banner
  • Home
  • Electric Vehicle Market
  • Electric Car
  • Electric Bikes
  • Contact us
No Result
View All Result
  • Home
  • Electric Vehicle Market
  • Electric Car
  • Electric Bikes
  • Contact us
No Result
View All Result
EV News Hubb
No Result
View All Result
Home Electric Vehicle Market

NIO hits new milestone with 300,000 production vehicles

admin by admin
December 13, 2022
in Electric Vehicle Market


Advertisement Banner

Chinese electric vehicle maker NIO, one of the country’s most promising new names in the domestic EV segment, recently achieved a new milestone. On December 12, 2022, NIO’s 300,000th car rolled off the production line at the company’s Second Advanced Manufacturing Base. 

NIO has seen growth in its production speed and capacity, especially considering that the company only produced its first EV in May 2018. This year, NIO began delivering cars from its second-generation product platform, such as the ET7, ES7, and ET5. In the first half of 2023, NIO plans to launch five additional models to meet customer demand, according to a press release. 

Credit: NIO

It should be noted that NIO achieved its third 100,000-vehicle milestone in just seven months. This hints that NIO is hitting its stride. NIO’s 200,000th production vehicle was completed on April 26, 2022, almost four years since the company started its vehicle production.

According to NIO co-founder and President Qin Lihong, the penetration rate for high-end EVs in China is expected to double or even triple in the future. With this growth in mind, NIO will also begin producing cars for the mid-level mainstream market.

Being a new automaker, NIO has been busy expanding its presence. In 2022, it became the first automaker to be listed on the US, Hong Kong, and Singapore stock exchanges. In October, NIO also started providing service and delivering its ET7 model in Germany, the Netherlands, Denmark, and Sweden. 

nio-300k-milestone
Credit: NIO

The electric vehicle maker has also established an innovation center in Berlin and an AI and autonomous driving R&D center in Singapore. The company has no plans of slowing down, either, because by 2025, NIO plans to serve users in over 25 countries and territories. 

As it expands its global footprint, NIO continues to expand its service and sales network worldwide. As of December 12, the company operates 395 NIO Houses and NIO Spaces, 1,263 Power Swap Stations, and 12,785 charging piles. NIO’s vehicles also have access to over 998,000 third-party charging stalls. 

Watch NIO’s video celebrating its 300,000-vehicle milestone below.

I’d like to hear from you. Contact me at maria@teslarati.com or via Twitter @Writer_01001101.

NIO hits new milestone with 300,000 production vehicles











Source link

Previous Post

Tesla Brand Dropping As Elon Tilts At Woke Windmills. Who Would’ve Guessed It?

Next Post

Trying Out Phillips 66 & Freewire’s First EV Charging Station

Next Post

Trying Out Phillips 66 & Freewire's First EV Charging Station

DOE loan for GM Ultium EVs, IRS on EV tax credit, Niro EV recall: Today’s Car News

Advertisement Banner

Recommended Post

Best Mid Drive Electric Bike 2023

by admin
January 27, 2023
0

Charged EVs | Infinitum unveils Aircore Mobility electric motor with PCB stator technology

by admin
January 27, 2023
0

Podcast: Tesla earnings review, Tesla Semi/4680 production at Giga Nevada, new Toyota CEO, and more

by admin
January 27, 2023
0

The New Element Bondi Wants To Reinvent The Classic E-Scooter

by admin
January 27, 2023
0

Audi Activesphere concept, Toyota EV platform, tax-credit dissent: Today’s Car News

by admin
January 27, 2023
0

LGES in “active discussions” with Tesla for battery supply from AZ plant

by admin
January 27, 2023
0

Porsche’s Approach To Regenerative Braking

by admin
January 27, 2023
0

Gazelle Medeo T9 Review | Electric Bike Report

by admin
January 26, 2023
0

© 2022 EV News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Electric Vehicle Market
  • Electric Car
  • Electric Bikes
  • Contact us

Newsletter Sign Up

  • Home
  • Electric Vehicle Market
  • Electric Car
  • Electric Bikes
  • Contact us

© 2022 EV News Hubb All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In