NIO Celebrates 200,000 Units Production Milestone in Less Than 4 Years
China’s budding electric carmaker NIO has just celebrated surpassing 200,000 units production milestone within just 4 years of existence. The 200,000th mass-produced vehicle rolled off the production line at the JAC-NIO Advanced Manufacturing Center in Hefei on April 26, 2022.
years, between May 2018 and April 2021, but it has taken NIO just one more year to reach 200,000 landmark setting a new record for production speed of its kind. According to analysts, looking at the current rate of sales it would take around 10 months for the company to reach 300,000 sales.
NIO celebrates achieving 200,000 units production milestone
The completion of 200,000 vehicles is an important milestone in NIO’s full-speed development in 2022. This year, the automaker plans to deliver the ET7, ET5 and ES7, three new models from NT2.0, its second-generation technology platform. In addition, the company expects to unveil the 2022 model NIO ES8, ES6 and EC6 with the latest digital cockpit hardware and announce the digital cockpit upgrade plan for existing users. By year-end, NIO will open no less than 100 new stores and over 50 NIO Service Centers and authorized service centers in China.
NIO will step up its investment in developing full-stack capabilities and in-house technologies. R&D investment in 2022 is expected to more than double year-on-year, with the R&D team growing to 9,000 people by year-end. In the meantime, NIO’s second manufacturing base located at NeoPark is making good progress and will officially start production in Q3 2022. NIO is also accelerating its global expansion. Already present in Norway, the company will launch its products and comprehensive service system in Germany, the Netherlands, Sweden and Denmark within this year.