NIO Auto Response to NIO S Fire Incident, Sales Decline Continues

TapTechNews May 13th news, in response to the fire accident of Nezha S in Tianjin, Nezha Automobile released a statement today stating that by retrieving the community surveillance video, this fire first started to smoke from the driver's cab direction and then formed an open fire spreading to the roof. According to the analysis of Nezha Automobile's vehicle data monitoring platform, after the fire incident occurred, until the data interruption, the power battery voltage signal, temperature signal, and insulation signal of this vehicle were all normal, and the battery pack was in a safe and controlled state, and the low-voltage circuit of the whole vehicle also did not have any abnormal situation. On the 13th, the relevant technical personnel of Nezha Automobile arrived at the scene to conduct a preliminary inspection of the vehicle. The battery pack appearance was intact and in a controlled state. At the same time, this accident did not cause any casualties. The firefighters have extinguished the fire. Nezha Automobile said that it would arrange relevant staff to rush to the scene at the first time to understand the relevant situation and assist the user in handling the follow-up work and cooperate with the relevant departments to investigate the cause. The specific cause of the accident awaits further investigation by the relevant departments. Nezha Automobile said that it will actively cooperate and assist the user in handling the follow-up matters, fully protect the rights and interests of users, and do a good job in the aftermath work. TapTechNews noted that among the domestic new car-making forces in 2023, Nezha Automobile is the only enterprise with a declining sales volume: the cumulative sales volume for the whole year is about 127,400 vehicles, showing a decrease of about 16% compared to the previous year, and the sales achievement rate is only 42.5% of the expected. At the same time, the ranking of Nezha Automobile among the new car-making forces has also changed, slipping from the first in 2022 to the fifth in 2023. Entering 2024, Nezha Automobile still fails to reverse the sales decline trend. In the first quarter of this year, Nezha Automobile only sold 24,400 vehicles, a year-on-year decline of 6.9%.

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