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#Safebox bofa com Offline

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It plans to establish a presence with a full Nio ecosystem similar to its home market. A combination of increasing production capacity and a move into another large market represents the growth in scale that Nio shareholders should want to see.ДЄnd the company isn't just selling vehicles in Norway. China is the largest automotive market in the world, but Europe is a global leader in EV sales. Nio announced that on July 20 it shipped the first load of its flagship ES8 electric SUVs from Shanghai destined for Norway. Also, due to growing demand for Nio vehicles, a new factory under construction will help scale production by twice the current capacity to about 240,000 vehicles per year.ДЄ customer in Norway sits in a Nio.

It will also include potentially new models yet to be announced. The three-year agreement extension through May 2024 will allow JAC to continue manufacturing Nio's three current SUV models as well as its upcoming ET7 luxury sedan planned for production beginning in early 2022. Also in May, Nio said it will support that expansion with a new manufacturing agreement with its state-owned partner Jianghuai Automobile Group (JAC). The company announced in May that it will begin selling its vehicles outside of China for the first time, entering the European market initially in Norway. Two important news items came from Nio in recent months, however.

But as previously mentioned, that kind of growth is already built into the company's valuation, and the overall production volume is still relatively low.

In the 2021 second quarter, Nio more than doubled vehicle deliveries again over the comparable 2020 period. That growth has continued into 2021, even with some production delays from the global semiconductor shortage. The company delivered almost 44,000 vehicles in 2020, representing a 113% increase above 2019 levels.

Nio has been quickly growing sales of its EVs. Nio ES8 electric SUVs being loaded for transit to Norway.