- Nio has rolled out its 2 millionth electric drive system at its Hefei plant, which will power the ES8 SUV.
- The production achievement highlights Nio's significant acceleration in industrial manufacturing.
Nio Inc (NYSE: NIO, HKG: 9866) announced a key manufacturing milestone on Thursday, marking significant progress in the Chinese electric vehicle (EV) maker's in-house production of core components.
The 2 millionth electric drive rolled off the line at Nio's second electric drive manufacturing plant in Hefei, Anhui, on March 5 and will equip the company's flagship sport utility vehicle (SUV), the all-new ES8, the company announced today.
The production achievement highlights Nio's significant acceleration in industrial manufacturing, coming just 23 months after it reached the 1 million mark in March 2024.
Nio has two electric drive manufacturing plants in Hefei — where its production facilities are located. The first plant reached the 500,000-unit milestone on July 25, 2022, and hit the 1 million mark on March 27, 2024.
Located at NeoPark, Nio's second electric drive plant features highly automated production lines with a comprehensive efficiency rate of 94% and a product pass rate of 99.6%, it said.
The intelligent manufacturing and efficient mass production capabilities of the second plant provide solid support for the stable delivery of the all-new ES8, Nio said.
The 900V high-performance electric drive featured in the all-new ES8 is the world's first motor using 925V continuous wave winding technology, according to the company.
As the core profit engine in Nio's current product matrix, the ES8, with a starting price of 406,800 yuan ($59,030), has played a crucial role in boosting the company's financials.
Just last week, cumulative deliveries of the third-generation ES8 surpassed 70,000 units. The model saw 11,260 deliveries in February, contributing 54.14% of the company's total deliveries for the month, according to data compiled by CnEVPost.
The strong sales momentum of the third-generation ES8 has helped Nio improve its financial position, with the company last month forecasting its first-ever quarterly profit since inception in the fourth quarter of 2025.
Nio is scheduled to report its latest financial results before the US markets open on March 10, with the market closely watching for improvements in its profitability and future product plans.
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