Phate Zhang

The Nio brand will not launch a model less expensive than the ET5 or a two-door sports car, but it will launch a model 'with character' next year, according to William Li.

Ganfeng's Chongqing-based project will have 10 GWh of battery capacity and 10 GWh of pack capacity when completed.

By comparison, the US and Europe contributed 11 percent and 26 percent of global new energy vehicle sales, respectively, in the first half of the year.

A Tesla owner, after a drunk driving accident, said he was sitting in the passenger seat and the vehicle was driven by itself.

The network is centered in Hefei, connecting 16 cities in Anhui province, and Nio has set up 18 battery swap stations.

Nio had hoped that ET7 deliveries would come to a higher level in July, but parts availability has caused thousands of ET7s that could have been delivered to not be delivered.

Construction of Nio's facility in NeoPark began on April 29 last year and has taken 15 months so far.

Deliveries of the Nio ES7 are expected to begin on August 28, and deliveries of the Nio ET5 are expected to begin in September.

This is Nio's first overseas plant, covering an area of about 10,000 square meters, and its main activities include the production of battery swap stations and after-sales service.

China's policy of exempting NEVs from purchase taxes has been extended several times over the years.