NIO’s 500,000th mass-produced vehicle rolls off line

Shanghai (Gasgoo)- On the morning of May 9, NIO celebrated a significant milestone as its 500,000th mass-produced vehicle, an All-New ES8 SUV, rolled off the production line at its second factory located in the Xinqiao Smart Electric Vehicle Industrial Park in Hefei, the capital of Anhui province, according to a post on the official WeChat account of Hefei government, named “Hefei Fabu”.

Since launching its first mass-produced model on May 27, 2018, it has taken just 72 months for NIO to achieve this scale of production.

This year has seen robust sales performance from NIO. In April alone, the company delivered 15,600 new vehicles, representing a year-over-year surge of 134.6% and a month-over-month rise of 31.6%.

Moreover, NIO is expanding its network of battery charging and swapping facilities. On May 8, NIO signed a strategic cooperation agreement with GAC Group in Guangzhou. The Guangzhou-based company is the sixth major automobile company to partner with NIO for battery swapping business, following Changan Automobile, Geely Holding, JAC Group, Chery Automobile, and Lotus Cars. Alongside these partnerships, NIO has also collaborated with Anhui Province Energy Group, Anhui Transportation Holding Group, and China Southern Power Grid to accelerate the expansion of its battery swapping network.

As of April 30 this year, NIO has installed 2,411 battery swap stations and 22,092 charging piles, facilitating over 43.1 million battery swaps for its users.