NIO to unveil 5 new models over next five years

Shanghai (Gasgoo)- In the wake of the exposure of NIO's prospectus submitted to the U.S. Securities and Exchange Commission (SEC), NIO's new model plan, which has at least five new models over the next five years covering SUV, sedan and MPV, was also revealed by media.

It is disclosed that NIO will launch one model per year. The NIO ES6, which is a mid-size SUV, will be unveiled at the end of 2018 and go on sale in the first half of 2019. The ES6 strongly resembles the ES8, but features a reduced body length and adopts a five-seat layout. The ES6 is a high-performance premium electric SUV, set at a lower price point than the ES8 to target a broader customer base.

According to the prospectus, NIO's business will initially depend substantially on the sales and success of the ES8, which will be NIO's only volume vehicle in the market for an extended period of time. NIO expect to add its second model, the ES6 in 2019, followed by its sedan model, the ET7 in 2020.