NIO America CEO: Vision to sell first car in the U.S. by 2025

November 4th news, Ganesh Iyer, CEO of NIO USA He detailed NIO’s ambitions for the U.S. market at a meeting on Thursday local time, with the goal of selling NIO’s first car in the U.S. by 2025.

Nio’s expansion strategic plan includes entering 25 countries and regions, part of which is the plan proposed this time. Iyer said: "My commitment and goal to the company is that one day all of us can use our own wages to buy Weilai cars. I hope that this day can come as soon as possible. This requires the government, policymakers, supply chain and infrastructure Facilities and other parties work together."

However, reports indicate that NIO may face pricing problems in the U.S. market because local competitors such as Tesla can Enjoy preferential tax policies. Last year, the U.S. government passed the Inflation Reduction Act, which included a tax credit of $7,500 (approximately RMB 54,900) for consumers who purchase qualifying electric vehicles.

The rewritten content is: Nonetheless, Ganesh Iyer said that the electric vehicles exported by NIO to the US market will still be produced by Chinese factories because the cost of building a factory in the United States is too high. He explained: "There are many local suppliers in China that provide parts for us specifically, but they do not operate in the United States. If I want to build a factory in the United States, I need to choose the right location and there need to be many other suppliers there. I It is also necessary to introduce some suppliers that are of strategic significance and specialness to Weilai.”

In addition, Ganesh Iyer also pointed out that Weilai Automobile’s high-end models are “too expensive”, regardless of where they are sold. All productions are not eligible for incentives

Regarding the question of whether Weilai will definitely sell cars in the U.S. market before 2025, Ganesh Iyer said: "The situation may change in two years."

Previously, NIO founder Li Bin stated in a letter to all employees that the company would cut approximately 10% of its positions, and the specific adjustment plan will be completed in November. NIO delivered a total of 16,074 new cars in October, a year-on-year increase of 59.8% and a month-on-month increase of 2.8%.

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