NIO hits production milestone of 200,000 vehicles

Shanghai (Gasgoo)- On April 26, NIO saw its 200,000th mass-produced vehicle come off the production line at the JAC-NIO Advanced Manufacturing Center in Hefei, according to the startup’s press release. The significant vehicle was an ET7 in “Polestar Blue”.

Photo credit: NIO

The production milestone was achieved less than four years since the first vehicle was produced. Notably, it only took the startup around one year to complete the production of the second 100,000 vehicles, setting a new record for production speed among Chinese NEV startups.

NIO kicked off the scale delivery of the ET7 on March 28. In the same month, a total of 172 ET7s were registered, according to data compiled by Gasgoo Auto Research Institute.

In 2022, NIO plans to roll out three production models based on the NT2.0 platform, its second-generation technology platform, namely, the ET7, the ET5, and the ES7. Moreover, the automaker is ready to launch the 2022 model of the ES8, the ES6, and the EC6, and will announce a digital cockpit upgrade plan for existing users.

Photo credit: NIO

As for the deployment of sales and service network, NIO plans to open no less than 100 new stores and over 50 NIO Service Centers and authorized service centers in China by the end of 2022.

NIO expects the annual R&D investment in 2022 to be more than doubling than that of 2021, and the number of its R&D staff to reach around 9,000 by year-end, the startup unveiled at the latest quarterly earnings call. It also wishes to achieve the quarterly break-even point in the fourth quarter of 2023 and become profitable in 2024.

The company disclosed that its second manufacturing base located at NeoPark will officially start production in the third quarter this year.