Nio

Nio already has more than 720 employees in Europe, most of whom joined within six months, William Li said.

Nio is launching the ET7, ET5 and ES7 at the Nio Berlin 2022 event to be held on October 7, local time in Europe, said Qin Lihong.

Previously, it was rumored that the project name of Nio's third brand would be "Firefly".

Nio did not announce what the event will involve, although it can be expected that the ET7 will be formally introduced to European consumers.

Nio's bosses checked out the construction of the company's Nio House and its first battery swap station in Germany as they are on a 10-day road trip in an ET7.

"It’s just like two runners on their tracks," said Nio president Qin Lihong. "If you have a great lead, you just need to keep your own pace."

The vehicle's head is wrapped in camouflage, but its headlights are set up differently from the current ES8.

BYD at 35,006 units, Tesla at 15,856 units, Li Auto at 2,628 units, Xpeng at 1,775 units and Nio at 1,745 units.

Ahead of the ET5's first deliveries on September 30, Nio announced that it will upgrade its service centers to welcome more owners.

Nio will hold its first local Nio Day event in Europe in the fourth quarter, its president previously said.