A helpful fact to note is that NIO cars are popular and that they sell full production capacity of the models they are making so far. That means that their sales are only limited their production capacity, given the demand that exists for their cars.
The Chinese EV maker will launch a sedan “soon” and is currently developing another one, Li said without elaborating further on the timeline, as first reported by Bloomberg. “So the next two products in line will both be sedans.”
The “Nio Day” annual event, where the company typically unveils new products and technologies, is slated to happen in January, Nio confirmed to Benzinga last month, and the new sedan launch could come at this time.
The company’s sedan offerings are said to be vying to compete with Tesla Inc. TSLA 10.2% Model 3 sedan vehicles. Nio’s stock is on a meteoric rise but the Elon Musk-led company is a threatening presence in its home market of China, especially with the upcoming locally-made Model Y launch.
Li, in August, said Nio was planning to expand internationally by the end of 2020, starting with Europe.