NIO's F1 plant is operating normally and is preparing for the introduction of new platform models, a spokesperson told CnEVPost.
(Image credit: CnEVPost)
NIO (NYSE: NIO) has denied that one of its plants has suspended production after the rumor circulated in the Chinese community earlier today.
The JAC NIO advanced manufacturing base, NIO's F1 plant, is currently in normal production, an NIO spokesperson told CnEVPost.
Some of NIO's products -- ES8, ES6 and EC6 -- have entered the technology platform switchover period, and its factory is preparing production accordingly for the introduction of new platform models, the spokesperson added.
Earlier today, a local media outlet reported that NIO's F1 plant has halted production for several days, and that the situation will last at least until the end of this month, with no word on when production will restart.
NIO currently sells the older ES8, ES7, ES6, EC6, ET7 and ET5. It launched two new models -- the EC7 and the new ES8 -- at NIO Day 2022 on December 24, with deliveries to begin in May and June 2023, respectively.
What is known so far is that only the ET5 is produced at the F2 plant in NeoPark, Hefei, with the production of all other models located at the F1 plant.
EV Home reported in a report, which is now deleted, earlier today that their reporters visited the NIO F1 plant on Friday, February 24, but found few staff, with a few occasional workers and test drive customers coming and going.
The campus where NIO's F1 plant is located has a large NIO House, the company's flagship showroom, which offers test drive services as well as lifestyle services for car owners.
Notably, CnEVPost had a tour of the campus and its production line in December 2020 -- the month in which NIO delivered 7,007 vehicles. Vehicle production here is highly automated, and not many employees were seen at the time.
NIO is currently in the process of transitioning models from the NT 1.0 platform to the NT 2.0 platform.
On February 2, some local media reported that NIO was offering discounts of up to 100,000 yuan ($14,370) for some models to boost sales.
NIO later denied it, saying the reports misunderstood the discounts offered on some stock cars.
On February 3, NIO released its official purchase discount program, which included discounts for stock cars and small cash discounts for the purchase of NT 2.0 platform models.
On February 15, NIO was rumored to stop selling all first-generation products -- ES8, ES6, EC6 based on NT 1.0 platform -- and their inventory and show cars would be sold to one company or entity.
On February 16, NIO responded that the reports were false, but the company's older models are indeed being withdrawn from the market as planned.
The 2022 ES8, ES6 and EC6 are no longer in custom production, but a small number of show and current cars are still available, an NIO spokesperson told CnEVPost at the time.
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