China’s NIO Launching Flagship EV Sedan on January 9
All-electric vehicle (EV) manufacturers must start somewhere – and many, like NIO, are already starting off on a better foot than legacy automakers like Ford.
The automaker, a direct competitor to US-based Tesla in the world’s biggest auto market, is also planning to unveil its autonomous driving technologies at the launch event, alongside other new announcements.
— 42HOW (@42how_) January 4, 2021
The event, dubbed NIO day, will be held in Chengdu, China and will include musical performances from composer Shi Lei Chang, musician Wang Feng, and NIO BAND, a NIO-hype group who wrote the day’s theme song, “The Future is Ahead.”
— NIO (@NIOGlobal) January 3, 2021
In December 2020, NIO saw a 121% year-over-year increase in deliveries of its ES8 SUVs, with a total of 7,007 vehicle deliveries in China. Additionally, the automaker reached a new monthly high for the fifth consecutive month, indicating it may have a shot at keeping up with Tesla in years to come.
NIO also ranked higher than Tesla in a recent JD Power EV survey, further making the case for the Chinese company’s worthiness to stand up to Tesla in the world’s biggest EV market, NIO’s own backyard.
— NIO (@NIOGlobal) January 4, 2021
As NIO cements its place amongst an electric horizon, the company won’t be free of obstacles from EV giant Tesla. Still, it’s set up for success in the long-run, at least compared to traditional gas car manufacturers.