https://wccftech.com/nio-shares-in-the-spotlight-as-the-ceo-indicates-plans-to-increase-the-annual-production-capacity-to-300000-evs/

NIO (NYSE:NIO), one of the most prominent EV players in China, is currently in the limelight as its CEO has revealed ambitious plans to ramp up production capacity to 300,000 units per annum.

During an interview with a Chinese TV channel, NIO’s CEO Li Bin revealed that the company is leveraging its ongoing partnership with JAC Motors to increase the EV production capacity to 150,000 units in 2021. Crucially, however, the CEO also indicated that the company is planning to double this annual target run rate to 300,000 units, corresponding to a monthly production capacity of 25,000 units! While it is not yet clear when this enhanced production capacity will come online, the fact that NIO’s CEO has publicly committed to the ramp-up indicates a quantum of finality vis-à-vis this ambitious target. The company’s next earnings call should provide further clarity in this regard.