06 May 2023

Nio

                                    You may not have heard of the Nio car brand but it's a Chinese electric car manufacturer. It uses battery swapping in booths that take less than five minutes to replace a depleted battery with a fully charged one. It started making cars in 2018 and has progressed quickly. 


There were six models up and running by the end of 2022, a crossover, three SUVs and two passenger cars. An exclusive sports car has also been made (the EP9) but they are not road legal so not registered and less than a hundred have been made as I understand it. 

Exports are still in their infancy but the company is now entering new markets at an accelerated pace. I did find the data below confusing. The Nio Annual Report lists the data as deliveries which I assumed are global figures. Yet a Chinese website lists the same number of sales as domestic ones. There have been some exports, albeit on a limited scale. 

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