Chinese electric vehicle (EV) manufacturer NIO, has successfully doubled the coverage of its Advanced Driver Assistance System (ADAS) capabilities on urban roads in China. As of the end of January, the Navigate on Pilot Plus (NOP+) urban road coverage reached an impressive 651,640 kilometers, marking a remarkable growth of 103.75% from the previous month.
The NOP+ coverage expansion is particularly noteworthy, demonstrating a gain of 331,819 kilometers in January alone. This surge brings the total coverage to over 1 million kilometers when considering highways and urban expressways. The city-specific achievements are equally impressive, with NOP+ achieving 99.2% coverage of Shanghai’s main roads and 93% coverage of the entire road network. Other cities with high NIO vehicle ownership, including Beijing, Zhengzhou, Chengdu, and Suzhou, showcase ultra-high-density coverage.
The growth extends beyond geographical reach. The number of cities covered by NOP+ soared from 208 at the end of December to an impressive 606 by the end of January. Importantly, NOP+ now encompasses all cities in China’s 34 first-tier administrative regions, excluding Hong Kong, Macau, and Taiwan.
In tandem with these technological advancements, NIO delivered 10,055 electric vehicles in January 2024, marking an 18.2% increase from last year. However, the month-on-month comparison reveals a 44% decline, aligning with market expectations. The cumulative deliveries reached an impressive 459,649 as of January 31, 2024, with the impact of the Chinese New Year falling on February 10 creating a temporary anomaly in year-on-year comparisons.
Breaking down the deliveries, 6,307 SUVs and 3,748 sedans were included in January’s figures, with the Nio ES6 SUV contributing 40% of sales. The ET5 and its station wagon variant, ET5 Touring, accounted for nearly 30% of sales. Nio’s battery swap alliance continues to expand, with notable members including Geely, Changan, JAC, and Chery.
Looking ahead, NIO’s plans for 2024 include no new model launches, but annual updates for the existing lineup are expected. The highly anticipated executive sedan ET9 is set to launch in early 2025, with the entry-level Alps brand unveiling in March or April 2024, and deliveries scheduled for later in the year. Nio aims to launch its second sub-brand, Firefly, focusing on small electric cars in 2025.
With an expanding sales team and the launch of the ALPS sub-brand anticipated to stimulate growth, NIO remains at the forefront of the evolving electric vehicle landscape. The pre-market trading reflects the market response, with NIO shares up by 2.67%.
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