Nio

Edison Yu's team expects Nio ET5 deliveries to likely be just 9,000 units next year, with that number expected to rise to 65,000 units in 2023 as capacity ramps up.

Nio will definitely have an MPV, but it's not a high priority for the company right now, according to William Li.

Nio is using integrated die-casting technology in at least three places on the ET5, promising to reduce production costs and increase productivity.

To date, more than 200 Nio users have become owner benefit partners, involving more than 500 stores.

An industry insider said the popularity of the Nio ET5 is very similar to the China-made Tesla Model 3 when it first became available.

Over the next three years, Nio will invest RMB 100 million ($15.7 million) to support the use of electric vehicles and the construction of clean energy infrastructure in nature reserves around the world.

Although the ET5 does not look like Porsche models at the rear, it offers a similar aesthetic.

Nio ET7 will start locking in orders on January 20, 2022, and deliveries will begin on March 28, William Li said.

Nio says it will continue to build charging stations, battery swap stations, with the goal of making charging more convenient than refueling.

The ET5 is expected to become the hottest-selling model for Nio like the Model 3 is for Tesla.