Nio has reached a major milestone by delivering its 100,000th automobile in Shanghai, the place the corporate is headquartered. This achievement was introduced by William Li, the founder, chairman, and CEO of Nio, by a short video on Weibo, and the corporate additionally highlighted the second on its cell app.
The primary Nio ES8 was delivered in Shanghai in 2018, marking the beginning of the corporate’s journey within the electrical automobile (EV) market. Nio is the primary Chinese language model to hit the 100,000 unit supply mark within the phase of pure electrical autos priced above 300,000 yuan ($41,140) in Shanghai.
As of 2024, for each two pure electrical autos offered within the metropolis inside this value vary, there may be one Nio automobile amongst them. Nio has established a robust neighborhood presence with 10 automobile golf equipment and over 500 person communities in Shanghai.
Headquartered within the Jiading district of Shanghai, which is acknowledged as some of the EV-friendly cities, Nio had a cumulative supply whole of 713,658 models by the tip of March. Shanghai offers incentives for EV customers, resembling free inexperienced license plates, whereas conventional gasoline or hybrid autos require a extra pricey public sale course of for registration.
Not too long ago, town introduced an enlargement of its automobile trade-in subsidy program, now permitting non-locally registered autos to use for a subsidy of as much as 15,000 yuan. Beforehand, solely autos registered within the metropolis had been eligible.
Shanghai hosts 187 Nio battery swap stations, half of a bigger community of three,259 stations throughout China. These stations have mixed to supply over 7.66 million battery swap companies. In accordance with Li, the battery swap stations in Shanghai are approaching profitability, with the stations offering over 9,000 swaps day by day.
With the rising demand for brand new battery swap stations, Nio’s technique seems to be paying off, as profitability is achievable in lots of areas of town. Not too long ago, Shen Fei changed Alan Ai as president of Nio’s sub-brand Onvo, with Nio CFO Stanley Qu now overseeing Nio Energy.
In associated information, William Li commented on the constructive reception of Nio’s latest share placement and acknowledged that the corporate’s in-house developed autonomous driving chip and working system shall be open to your entire business.
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