Li Bin: Weilai Volkswagen brand production capacity is planned to be 500,000 vehicles, which is 10% cheaper than Tesla Model3 / Y

IT House June 16 news, yesterday evening, NIO officially released its first five-seat SUV, NIO ES7, with a price of 468,000 yuan.

Although the price of NIO’s own brand models is higher, NIO has made it clear that it is already promoting a new brand with a lower positioning internally. Li Bin, CEO of Weilai Automobile, said that Weilai Automobile will launch a new brand to enter the mass market, and the new brand will emphasize “mid-to-high-end”.

Li Bin, chairman of NIO, said today that NIO has signed a Phase II agreement for the Xinqiao plant in Hefei, preparing for an annual production capacity of 500,000 vehicles for NIO’s 200,000-level Volkswagen brand models.

Li Bin also revealed that the NIO Volkswagen brand will provide a battery-replaceable model, which is 10% cheaper than the Tesla Model 3/Y. “The battery-swapped Model 3 and the battery-swapped Model Y are 10% cheaper than Tesla”

Li Bin, chairman and CEO of NIO, said that according to the current plan, NIO’s new brand for the mass market will be delivered in the second half of 2024, and will be equipped with the next-generation NT3.0 technology. The price of the main terminal products is 20. -30 million. At the same time, it has a swappable structure and will be equipped with batteries produced by Wei. Li Bin said that the product will be very competitive.

In addition, NIO has previously stated that the business work of the new brand for the mass market is progressing smoothly, the core team has been established, the strategic direction and development plan have been clarified, and the first batch of products has entered the key research and development stage.

IT House learned that JAC announced last year that it had signed a joint venture letter of intent with Weilai Holdings Co., Ltd. and strived to sign a formal agreement as soon as possible. The two parties plan to establish a joint venture company in Hefei, Jianglai Advanced Manufacturing Technology (Anhui) Co., Ltd. Company (hereinafter referred to as “Jianglai”).

It is reported that Jianglai’s registered capital is planned to be RMB 500 million. Among them, Jianghuai Automobile plans to subscribe for RMB 255 million, paid in cash in RMB, accounting for 51% of the total registered capital; NIO plans to subscribe for RMB 245 million, paid in cash in RMB, accounting for 49% of the total registered capital .