Written by Cláudio Afonso | info@claudio-afonso.com
According to a video posted on TikTok, the EV maker NIO has thousands of models parked at NIO’s Hefei Factory, in China. The company has been keeping the secrets indoors without unveiling pre-orders numbers, test-drives scheduled, or other relevant numbers and JACxNIO Factory is not an exception. Due to the early stage of production of the NIO ET7 model, the majority of the units are ES8, ES6, and EC6s models. The company will deliver the first units of NIO ET7 in China on March 28th arriving at the European Markets later this year.
In May 2021, NIO announced that has extended its manufacturing cooperation with the state-owned Jianghuai Automobile Group (JAC) for another 3 years — until May 2024. On the same statement, it was also said that JAC would expand its annual production capacity to 240,000 units (doubling from 120,00 units/ year).
NIO is currently in charge of vehicle development and engineering, supply chain management, manufacturing techniques, and quality management and assurance. On the other hand, JAC is responsible for parts assembly and operation management.
In May 2016, when the strategic cooperation was signed, the two sides built a world-class intelligent manufacturing factory (the JAC-NIO Advanced Manufacturing Center) which has the first high-end all-aluminum body production line of domestic independent brands.
On March 18th, the first NIO ET7 Model rolled off the production at the Heifei factory, in Anhui province. “Hefei vehicle trial production center was completed, and the first vehicle ceremony was held” — can be read on the image below. The company started ET7 Model test drives on March 5th. During the first 48 hours, hundreds of customers had the opportunity to test the sedan unveiled in December 2020 that is finally starting its deliveries later on March 28th.
The company said that it will report its fourth quarter and full year 2021 unaudited financial results on Thursday, March 24, 2022, after the close of the U.S. markets. The Company’s management will host an earnings conference call at 9:00 PM U.S. Eastern Time on March 24, 2022 (9:00 AM Beijing/Hong Kong Time on March 25, 2022). A live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.nio.com/news-events/events.
NIO announced on March 1st that delivered 6,131 vehicles during last month. February deliveries are often affected by the Chinese Spring Festival Hollidays where the factories usually close from January 31st to February 6th.
Written by Cláudio Afonso | info@claudio-afonso.com