Regarding reports that NIO was planning to launch a third EV brand besides NIO and "ALPS", the carmaker replied: "There is no information available for disclosure at present."
William Li, the CEO of Chinese new energy firm NIO, said that planned July deliveries of its ET7 model were originally higher than the roughly 4,000 units recorded in June, but an insufficient supply of castings resulted in a drop in production by thousands of units.
On July 28, William Li, CEO of new energy automobile firm NIO, met with users in Fuzhou, Fujian province, and talked about the progress of NIO's smartphone manufacturing.
Firm CEO William Li said that NIO would launch a new brand to enter the mass market, emphasizing "mid-to-high-end."
William Li, the founder, Chairman and CEO of Chinese new energy car company NIO, responded to reports the company is working on smartphones during a Thursday interview.
Electric car startup NIO announced the official delivery of its second batch of ES8 on June 28, which was the first time the company has delivered vehicles to consumers in the market.