EV maker Nio revs up for new models

Chinese electric vehicle maker Nio (9866) will release new models every quarter starting in April, including the ES6, EC6, ET5 and ET5T, which are set to launch in May and June, with possible price increases, founder William Li Bin said in a livestream.

The new Nio ES6, EC6, ET5 and ET5T models will feature upgrades in design, interior and chips, Li said.

They will be equipped with Nio’s self-developed chip, which enhances computing power and offers flexible task scheduling capabilities.

The company is also working to make charging as convenient as refueling for all users, Li added.

The EV maker provided over 1.76 million battery swap services during the Lunar New Year period, a 44 percent year-on-year increase, with its swap network covering nearly 900 county-level divisions, he said.

STAFF REPORTER