[ad_1]
BEIJING (Reuters) – Nio Inc plans to deliver three new car models next year, including its first sedan, chief executive William Li said on Thursday, as Chinese premium electric vehicle maker reported a loss over weak for the quarter ended in June.
The automaker has also stepped up preparations to manufacture consumer goods under another marquee https://www.reuters.com/article/us-nio-china-idUSKBN29G06C and “the new brand’s core team has assembly, marking the first step in a strategic initiative, ”Li added, without giving further details.
Nio, which manufactures and sells three SUV models in east China’s Hefei city, reported second-quarter loss of 659.3 million yuan, 45.4 percent lower than a year earlier.
It delivered 21,879 vehicles between April and June, compared to 10,331 units in the same period last year.
To expand its product line to compete with competitors such as Tesla and BMW, Nio launched its first ET7 sedan model https://www.reuters.com/world/china/nio-launches-first-electric-sedan-model -tesla-delivers -china-built-suv-2021-01-09 in January, but delivery won’t start until 2022, which means Nio won’t have a new model for this year.
Li did not provide details on the three new models for next year, which include ET7, but said they would be developed on Nio’s new product platform.
Nio is also expanding its production base in the city of Hefei.
In May, it launched its branch in Norway https://www.reuters.com/article/nio-china-electric-idUSB9N2KT013 and plans to start selling cars in the country as it strives to grow. worldwide.
(Reporting by Yilei Sun and Brenda Goh; Editing by Himani Sarkar)
[ad_2]
Source link