Three new models derived from its NIO NT2 platform, the ET7, EL7 and ET5, will be available together with innovative subscription models to encourage EV use. NIO Subscription is a ground-breaking service designed to offer maximum flexibility and personalization to encourage EV use. NIO is committed to a comprehensive battery charging system in the new markets. In September, the first Power Swap Station manufactured in NIO Power Europe Plant located in Hungary rolled off the production line. This plant also serves the role as the manufacturing center, service and R&D facilities for NIO Power in Europe.