Nio is working on its fifth new car, with its fourth model to be unveiled in Jan

Although Nio's fourth model won't be released until January, the company is already talking about a successor to the model.

During Nio's third-quarter conference call, William Li Bin, founder and CEO of the company, said that Nio will soon release its fourth model, a sedan that will be powered by NP2.0, and that Nio has begun work on a fifth model, also a sedan.

Nio said on October 6 that its next Nio Day event will be held in Chengdu on January 9, 2021.

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Nio Day is Nio's annual owners' gathering, and the company didn't disclose details of the event, but it is expected to unveil the Nio EE7 flagship sedan.

Nio Day 2020 will be held at Wuliangye's Chengdu Financial City Performing Arts Center, and Nio said that this year will be a special edition of Nio Day for New Year's Eve, taking into account the venue schedule and other factors.

Wuliangye Chengdu Financial City Performing Arts Center is located in Chengdu's High-Tech District, with a total construction area of about 99,000 square meters, consisting of two underground and five above-ground floors, and an audience capacity of up to 12,000 people.

Nio to hold Nio Day in Chengdu on Jan 9, its first sedan likely to be unveiled-cnTechPost

It is currently the largest top-level indoor performance venue in southwest China, with a modern and technological appearance and advanced facilities and functions.

Nio's fourth new car, the Nio EE7 instead of the previously rumored Nio ET7, could be mass-produced in the fourth quarter of next year at the JAC Nio plant in central China's Anhui Province.