Chinese EV startup Nio, Inc. (NYSE:NIO) has achieved a major production milestone even as it is grappling with lockdown restrictions in place due to a COVID-19 resurgence in China.
What Happened: Nio's advanced manufacturing center in Hefei successfully rolled off the 200,000th mass-produced vehicle on Tuesday, the company said in a statement. The company achieved the feat in less than four years, with the second 100,000 vehicles manufactured in around a year — a record pace of production for this kind of vehicle, according to the company.
