Nio Achieves landmark 500k production milestone

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Nio, the Chinese electric vehicle manufacturer, achieved a significant milestone on May 9th as it produced its 500,000th car. The occasion was celebrated at the Xinqiao Intelligent Electric Vehicle Industrial Park in Hefei, capital of the Anhui province. Various dignitaries, many government and industry leaders, and William Li, the Founder and CEO of Nio, attended the event. Liu Qingfeng, the Chairman of iFlytek Co. and the user of the 500,000th Nio vehicle delivered a speech.

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Before the event, many attendees visited the assembly workshop of Nio’s second advanced manufacturing base and tested some of the new vehicle models. They gained detailed insights into the company’s technological research and development, production, and market sales. Han Jun, Secretary of the Provincial Party Committee, emphasized that electrification, intelligence, connectivity, and sharing are the major trends driving the development of the automotive industry. He said that “as a globally leading intelligent electric vehicle company, Nio should seize the opportunities brought by the automotive industry’s transformation. It should prioritize innovation capacity building, continuously make breakthroughs in key areas such as powertrain, autonomous driving, and artificial intelligence, accelerate the iteration and upgrade of existing models, and develop high-quality vehicle designs. Furthermore, Nio should strive to build a comprehensive and sound automotive industry ecosystem.” Han Jun expressed his hope that the production of the 500,000th vehicle would serve as a new starting point for Nio, enabling it to aim for higher goals, establish ambitious aspirations, expand its market share, and continuously enhance its comprehensive strength and competitiveness.

During the event, participants, user representatives, and frontline technical workers jointly lit up a column, symbolizing the completion of the 500,000th Nio vehicle. Since establishing its headquarters in Hefei in April 2020, Nio has successively completed the establishment or relocation of various core business entities, including research and development, sales and service, key component development and manufacturing, and autonomous driving. It has implemented 12 full-stack technology layouts and obtained over 8,700 patents. In 2023, Nio achieved a revenue exceeding 55.6 billion yuan, representing a year-on-year growth of 12.9%.

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William Li stated in his speech that the production of Nio’s 500,000th vehicle signifies the company’s solid position in the high-end intelligent electric vehicle market. He emphasized that the Anhui province has a favorable business environment and great development potential, and Nio will remain firmly rooted in Anhui. He said the “company will continue to launch new technologies and vehicle models, helping the province become the best place globally to experience intelligent electric vehicles and to establish a global innovation and industrial highland for intelligent electric vehicles.”

Source: Autohome

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