Why NEO Park matters to NIO?
Editor's note: This is a guest post from Tamba McCarthy, an NIO investor, and does not represent the views of CnEVPost.
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(Photo source: NIO)
On April 29th, 2021 NIO announced the kick off of the construction of NEO Park.
NEO Park will be a massive high tech industrial Smart EV futuristic park. Neo Park will be 16,950 Acres with a capacity 100 GWH per year (which approximately 1 Million batteries), and a production capacity of 1 million smart electric vehicles per year.
(Photo source: NIO)
When NEO Park is complete it will be the largest smart EV factory in the world.
The NIOxJAC joint factory is currently under construction to reach a max capacity of 240K units per year.
When both factories are complete this will bring NIO's total production capacity to 1.2 million units per year. This will make NIO the largest smart EV manufacture in the world.
Tesla currently has an "EV" production capacity of 1.05 million units per year according to torquenews.com.
The Tesla Fremont, California factory is 370 acres and produces 600K units per year. Giga Shanghai is 200 acres and produces 450K units per year.
Tesla currently holds the title as the largest EV manufacture in the world. Once NEO Park is complete, NIO will have its big brother Tesla beat by 200K units annually.
Tesla currently has factories in Germany and Texas but they are still under construction. There is a chance NEO Park could be completed before Tesla’s Germany and Texas factories.
If NEO Park is completed first, NIO will have the title as the largest EV manufacture in the world. If Tesla completes the Germany and Texas factory before NEO Park, NIO will be in second place.
NEO Park will go up in history as the world’s largest EV factory in the world. At 16,950 acres NEO Park is larger than all Tesla’s factories globally combined. NEO Park is also larger than the 175 acre Apple Park HQ located in San Jose, CA.
NEO Park will have plenty of living space open to the public. NIO Users from all over the world will be able to enjoy the futuristic park as well.
Phase 1 of NEO Park will be completed by the end of 2022 to the beginning of 2023. That is just phase 1.
I will not be surprised in NIO increases their smart EV and battery manufacturing capacity pass 1 million in 2023 or beyond. With a factory this massive NIO is making it clear the Blue Sky is coming globally and honorably.