NIO Achieves a New Milestone with Production of 500,000th High-end EV in China

May 9, 2024, Hefei, Anhui - NIO's 500,000th mass-produced vehicle rolled off the production line at its NIO Factory Two (NIO F2) in Hefei, Anhui Province, marking a new milestone for China's premium electric vehicle brand. Over 100 representatives from NIO's user community were invited to the ceremony, witnessing the Chinese new energy vehicle industry reaching new heights.

Founded in November 2014, the global smart EV company NIO has established the full-fledged capabilities for vehicle R&D, design, manufacturing, sales and services. Since the first mass-produced ES8 vehicle rolled off the line in 2018, NIO has achieved a production scale of 500,000 vehicles in six years.

The 500,000th mass-produced vehicle is the 2024 ES8 model. At the ceremony, Liu Qingfeng, the Chairman of iFLYTEK, who is also the owner of the 500,000th vehicle, received the car key from William Li. He spoke highly of the ES8 and its performance. Naming his ES8 in the stunning Southern Star "Blue Flash", he said, "It's NIO's unwavering strategy and the teams' relentless pursuit of excellence that have made this possible. I'm honored to become the owner of this special car, which is also my first new energy vehicle. I really look forward to the novel experience it will bring."

Every NIO vehicle is made in Hefei. NIO's two world-class vehicle factories and the manufacturing facilities of over 120 supply chain partners have been an embodiment of Anhui's vision that is to make the automotive industry its pillar industry and to make Anhui a hub of the NEV industry. NIO's production of 500,000 vehicles also benefits from the development of new productive forces.

"NIO's production of 500,000 vehicles is an embodiment of the technology and brand upgrades in China's automotive industry. Since 2019, NIO has been the top selling brand in China's premium BEV market with an average transaction price of above RMB 300,000. Premium brands must aspire to pioneer the industry with innovation and to provide products and services with experiences beyond expectations. NIO's innovation in technologies, services and system capabilities have been recognized by its users and peers," said William Li, Founder, Chairman and CEO of NIO. "The 500,000th vehicle is a new starting point. Going forward, NIO will continue its unwavering investment into R&D and the charging and swapping network. Through innovative technologies, extraordinary products, beyond-expectation experiences, NIO, as a pioneer in the premium smart EV market, will be recognized by more people."

About NIO

NIO is a global smart electric vehicle company. Founded in 2014, NIO has been committed to shaping a joyful lifestyle by offering high-performance smart electric vehicles and ultimate experience. Nine years into establishment, NIO is one of the leading companies in the global premium smart electric vehicle market, and also the first car company listed on the NYSE, HKSE and SGX.

Aiming to foster its own research and development capabilities for core technologies, NIO has developed NIO Full Stack, a collection of 12 technology domains, including chips and smart hardware, battery system, electric drive and high-voltage system, vehicle engineering, vehicle operating system, vehicle connectivity, assisted and intelligent driving, smart cabin, smart power, smart manufacturing, artificial intelligence and global digital operations, which has made possible the industry-leading products, such as SkyRide Chassis System, NX6031 LiDAR control chip, and NX9031 5nm AD chip. As of March 31, 2024, NIO had filed and obtained more than 8,700 patents worldwide. Currently, NIO has R&D centers and manufacturing facilities in Shanghai, Hefei, Beijing, Nanjing, Shenzhen, Hangzhou, San Jose, Munich, Oxford, Berlin, Budapest and Singapore. Its sales and service networks also have an expansive reach in over 300 cities in China, Norway, Germany, the Netherlands, Sweden and Denmark.

At present, NIO has eight smart electric models in its lineup, including the flagship SUV ES8, flagship coupe SUV EC7, mid-large SUV ES7, flagship sedan ET7, all-round SUV ES6, coupe SUV EC6, mid-size sedan ET5 and mid-size tourer ET5 Touring. In December 2023, NIO's executive flagship ET9 made its global debut, and the delivery is expected to start in 2025. As of April 30, 2024, NIO delivered a total of 495,267 vehicles, leading the premium battery electric vehicle segment priced above RMB 300,000.

In addition to the state-of-the-art smart electric vehicle technologies and experience, NIO has introduced various innovative service models, featuring NIO Power, NIO Service, Battery as a Service (BaaS), flexible battery upgrade plan and NIO Certified which is NIO's pre-owned vehicle program, to offer an ultimate service experience throughout the product lifecycle. NIO is the car brand that owns and operates the most charging piles and Power Swap Stations in China. By the end of April, NIO had installed 2,454 Power Swap Stations and 22,138 chargers, and connected with over 1.5 million non-NIO chargers worldwide. Its battery swap network runs through 13 trunk expressways and 11 city clusters in China. Moreover, NIO has partnered with Changan Automobile, Geely Holding, JAC Group and Chery Automobile in battery swap to jointly promote the development of the battery swap network and industry standards.

Adopting the direct-sales model, NIO offers a series of comprehensive services seamlessly via the NIO app. Combining online and offline touch points, such as NIO House and NIO Space, as well as NIO users' exclusive radio program NIO Radio and the lifestyle brand NIO Life, NIO has created a community that starts from and goes beyond the car, where users to share joy and grow together.

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Emma Hai

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