A few hours ago NIO celebrated unit 300,000 of its electric cars leaving its production lines. This a milestone for a startup that began production in May 2018 and that in recent months has begun its expansion in markets such as Europe.
Month after month, NIO has broken its production records by designing an increasingly broad and competitive range that has allowed it to enjoy unstoppable growth despite the complex times that occurred first with the pandemic, and then with the supply and logistics problems.
This year has been especially intense for NIO, which began deliveries of its models based on the second generation of its NT2.0 platforms, such as the ET7, ES7, and the promising ET5. A family that has been progressively increasing its volume of deliveries and that is part of a growth strategy that will mean the launch of up to five new models in the first half of 2023.
NIO has continued to continuously expand its global presence. In the first half of 2022, NIO became the first automaker to be listed on the stock exchange in the United States, Hong Kong, and Singapore. It also started deliveries of the ET7 in Germany, the Netherlands, Denmark, and Sweden in October.
Actions accompanied by others denote the importance of the European market for an NIO that has built an innovation center in Berlin and has established an R&D center for artificial intelligence and autonomous driving in Singapore.
NIO is also accelerating its service and sales network around the world. Currently, NIO has 395 NIO Houses and NIO Spaces, 1,263 battery charging stations , including the first five in Germany, which will have 20 stations throughout the country by 2023, in addition to creating a network of 12,785 fast charging points throughout the country. the world.
It now remains to be seen whether the products will fit into the European market. But everything indicates that the good image that the brand has managed to carve out, and proposals like the ET5, will allow them to gain a foothold in a market where local brands have long rested on their laurels and where the design and software of the Chinese it can do if the production capacity allows it, a good break to the traditional brands.