Deliveries of vehicles under NIO's sub-brand codenamed ALPS are expected to begin in 2024, and deliveries of the company's first phone model are expected to begin in the third quarter of this year.
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The move by NIO is aimed at further focusing resources, speeding up vehicle development and efficiency to increase leverage for future competition, according to local media.
NIO has previously put battery swap stations into operation in Norway, Germany and Sweden.
NIO ET7 deliveries have now started in all five European countries, including Germany, the Netherlands, Norway, Sweden and Denmark.
Pricing for ET7, EL7, ET5 essentially puts NIO in direct competition with Mercedes-Benz and BMW in Europe rather than Tesla's models.
Multiple people crouched down to watch the ET7's battery being replaced, demonstrating the curiosity of local residents about this innovative way of replenishing energy.