NIO celebrates the production of its 300,000th electric car

Chinese automaker NIO proudly announced another milestone of successfully producing its 300,000th electric car at its production plant in NeoPark, as per Drive Tesla Canada.

As seen on NIO’s official Tweet above, the commemorative vehicle is a blue NIO ET5 mid-size sedan, which was introduced in September.

In just one calendar year, the Chinese electric vehicle manufacturer more than doubled its output. NIO’s 200,000th vehicle rolled off its production line on April 26. That considered, the automaker produced the subsequent 100,000 units within just eight months.

NIO’s presence in China

Remarkably, NIO held a 27.4% market share in November in its homeland, representing a significant increase from just 4.9% in 2019. Furthermore, it reports that NIO models dominated the BEV segment by 70% from January to October.

Global footprint

NIO has erected 395 NIO Spaces and NIO Houses across the world. Apart from that, it has also launched 1,263 battery-swapping stations and 12,785 charging piles.

The Chinese automaker currently offers six models, including the following:

The market for electric vehicles has seen significant growth for NIO. It has become popular in China and is currently penetrating the UK and Europe with its cutting-edge electric vehicle and Power Swap technology.