Smart and Sustainable Electric Mobility
The first Firefly model has seen a design freeze in late June and is expected to enter the mold development phase in early August, allaying employee fears that the project could be scrapped, according to local media.
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Nio held its first Nio Day on December 16, 2017, in Beijing, which has become its most important annual event.
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The last such event, Nio Day 2022, was held in Hefei, Anhui province on December 24, when the EC7 and the new ES8 were launched.
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Nio, Aulton and Botan have the largest number of battery swap stations in China, with shares of 68 percent, 27 percent and 5 percent respectively at the end of June.
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Aggressive infrastructure plans will continue, car sales are picking up, but the 150-kWh battery pack will probably be slightly delayed again.
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How a brand new Chinese EV maker manage to produce 3 new models in two years and sell hundred thousand of them?
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Owners who selected the standard 70/75-kWh capacity battery pack at the time of purchase can upgrade to the 100-kWh long range battery pack on a daily basis for about $7 per day.
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Nio is hosting a new Nio Power Day event, the EV maker's third annual presentation on its power-up system.
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Pacific Securities has a buy rating on Nio's Hong Kong-traded shares, with a target price of HK$103.62, implying an upside of 26.14 percent.
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The route, part of Nio's Power Journeys program, begins in Xi'an, Shaanxi province in northwest China and ends in Khorgos, Xinjiang.
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