signed a cooperation framework agreement with Hefei City, and leaders of Anhui Province and Hefei City attended the signing site. According to the agreement, the Nio China headquarters project will be settled in Hefei, Sina Tech reported on Tuesday.

On April 6, 2016, Nio announced a strategic cooperation agreement with JAC. The two parties initially confirmed that the production and sales plan is 50,000 vehicles per year, and the Nio ES 8 is manufactured by JAC. Subsequently, the two parties jointly built the Nio Hefei plant.

According to Anhuinews.com, eight projects, including the Nio China headquarters project, were signed today in Hefei, with a total investment of 102 billion yuan. Jianghuai Nio EC6 mass production project also started.

The project of Nio China Headquarters includes the establishment of Nio China Headquarters in Hefei, the establishment of R&D, sales and production bases, and the establishment of a China headquarters operating system centered on Hefei.

The project plans to raise more than 10 billion yuan, and Nio China is expected to becoma a leading enterprise with a production value of 100 billion yuan in 5 years after settling in Hefei, the Anhuinews.com report said.

The project of Nio China Headquarters includes the establishment of Nio China Headquarters in Hefei, the establishment of R&D, sales and production bases, and the establishment of a China headquarters operating system centered on Hefei.

The project plans to raise more than 10 billion yuan, and Nio China will set up a leading enterprise with a production value of 100 billion yuan in 5 years after settling in Hefei.

EC6, debuted at the Nio Day in 2019 is the third model of Nio's mass produced car at Hefei Jianghuai Nio's advanced manufacturing base. It is expected to announce prices and configurations in July 2020 and start delivery in September.

It takes 4.7 seconds for the EC6 to accelerate at 100 kilometers. In addition to adapting to existing battery packs, the EC6 can also be equipped with a 100 kWh liquid-cooled thermostatic battery pack that will be newly launched in 2020, thereby achieving NEDC battery life of up to 615 kilometers.

The latest Nio delivery data shows that in January 2020, the overall delivery volume of the Nio brand reached 1,598 units, and the average daily delivery number of Nio's valid working days in January reached 100 units, a year-on-year increase of 22.0%.

Among them, the smart electric SUV ES6 delivered 1,493 units, and the smart electric flagship SUV ES8 delivered 105 units. Since the delivery began in June 2018, a total of 33,511 units have been delivered by the entire brand.

In May 2019, Nio announced that it has signed a framework agreement with Beijing Yizhuang International Investment Development Co., Ltd. ("Yizhuang SDIC").

According to the agreement, Nio will set up a new entity "Nio China" in the Beijing Economic and Technological Development Zone, and inject specific businesses and assets into "Nio China". "Nio China" invested RMB 10 billion in cash to acquire the non-controlling shareholders' equity in "Nio China".

At that time, Nio stated that Yizhuang SDIC would also assist "Nio China" in the construction or introduction of a third party to jointly build Nio China's advanced manufacturing base and produce the company's second-generation platform models.