is holding NIO Day 2022 in Hefei, Anhui province, and the following is a live update from CnEVPost on-site.

NIO's launch event at NIO Day 2022 starts at 19:00 Beijing time today and will last until 21:30.

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Deliveries of the new NIO ES8 will begin in June 2023.

The starting price of the new NIO ES8 is RMB 528,000 (US$75,560) with the battery pack.

The new NIO ES8 will also feature an in-car refrigerator like 's vehicles.

NIO formed its own seat R&D team last year and created the NIO Premium Seat Platform.

With a maximum power of 480 kW and a maximum torque of 850 Nm, the new ES8 is capable of accelerating from 0 to 100 km/h in 4.1 seconds.

The new ES8 is available in seven body color options.

NIO unveils the new ES8 with the hope that it will meet consumers' needs including work, family and social.

NIO EC7 starts at RMB 488,000 ($69,830) for the 75 kWh version and RMB 546,000 for the 100 kWh version. Deliveries of the model will begin in May 2023.

NIO EC7 can accelerate from 0 to 100 km/h in 3.8 seconds, making it NIO's fastest-accelerating SUV.

NIO EC7 is the world's lowest wind resistance coefficient SUV at 0.230 Cd.

NIO EC7 is available in 8 exterior color options.

NIO EC7 allows consumers to optionally choose an intelligent dimming panoramic roof.

NIO unveils EC7. The NIO EC7 comes with an electric rear wing as standard.

NIO aims to have more than 1,700 battery swap stations in China by the end of 2023.

NIO unveils its third-generation battery swap station, storing up to 21 batteries with a maximum service capacity of 408 times per day. They will be available starting in March 2023.

NIO launches 500-kW ultra-fast charging pile with a maximum current of 660A.

NIO's charging network is open to other brands, and 80.5 percent of its power is used by vehicles of other brands.

To date, NIO has 97 NIO Houses and 298 NIO Spaces worldwide.

William Li, founder, chairman and CEO of NIO, began his presentation.