NiO's sales have been guaranteed. The company said at the time that by the end of this year and early next year, its plant would be able to achieve an annual capacity of 150,000 vehicles on a single shift and 300,000 on a double shift. Yu's team said in their note that as part of the expansion, NIO is planning to expand the capacity of its existing plant to 300,000 units by the end of the year in preparation for the launch of the ET7, which is expected to be delivered in the first quarter of next year.$NIO Inc.(NIO)$
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