Paul Gong: Thank you. That’s very helpful. Thank you.
Operator: The next question comes from Cheng Jing with CICC. Please go ahead.
Cheng Jing: [Foreign Language] My first question is regarding to autonomous driving. We have already opened the submission of a wish list in September. So, relying on group intelligence, we try to expand the function, the NOA function in NMAP [Ph] cities, which is a little bit different from other OEMs. They open up city by city. So, could you please introduce our ideas on the implementation of NOA function in the city area? And also, given our target of the cumulative mileage of 60,000 kilometers by the end of this year, how is our current progress?
William Li: Thank you, Cheng Jing. [Foreign Language]
Unidentified Company Representative: In terms of NIO’s NOP Plus for cities, actually, we leverage our generalization capabilities as well as the crowd-sourcing AI capabilities so that we can roll out this NOP route by route for our users based on their demand. Of course, in the meantime, we have also formulated the data closed-loop capabilities where we can really leverage all this data coming from the generalization and also crowd AI. At the NIO Inc, we have announced that by the end of this year, we are going to open up the route covering around 60,000 kilometers of mileage. And so far, our progress is pretty good. And we already have established the capabilities of releasing NOP Plus for early-bird users in more than 100 cities.
And we will be rolling out such a service and invite our users into the program step by step so that it can be covering more cities with more users gradually. Of course, in terms of city-based or road-based autonomous driving or NOP, we will see some of our peers, they have some marketing slogans regarding their services. But we believe that NOP Plus, especially NOP Plus for cities, is a pretty serious service. And we would like to make sure that our users have a safe and also good experience. And then we will roll out the service and its coverage step by step. But overall speaking, our progress has far surpassed our expectations. And after all, we already have more than 100,000 vehicles running on the road. This will also help us to further formulate and improve our data closed-loop.
William Li: [Foreign Language]
Unidentified Company Representative: Especially for every new NT2 vehicle, it is standard with 4 Aurene [Ph] chips and also 33 high-performance sensors. This will further help us to formulate the data close loop and improve the data capabilities and in return we will also accelerate the capabilities for iteration. This is also a very unique advantage of NIO which is quite different from any other competitors offering the similar service.
Cheng Jing: [Foreign Language] So my second question is regarding the overseas market. Will it still be one of our strategic focus? And can you briefly introduce the current operating situation of our overseas market this year regarding to the sales volume, our layout program of our core regions and also about the dealerships and infrastructure structures, and also our next year’s target and plan.
William Li: [Foreign Language]
Unidentified Company Representative: At the moment, in five European countries, we have opened six new houses, eight new spaces, two multifunction service centers, and also partnered with 54 authorized service centers. We have also installed 30 power swap stations in five European countries. But in terms of our business development in Europe, we are still at the early stage of the business development and expansion. We want to continue to test the water, ensure we have good user experience before we scale our operations and the business there. That’s why volume is not a priority for us in terms of our European business. And in the coming one year, we will continue to be staying at this stage. We will make sure that our capability and capacity are sufficient to serve our users in Europe before we start to work on a higher scale.
Cheng Jing: Thank you.[Foreign Language]
Operator: Our next question comes from Jason Getz with Mizuho Securities USA. Please go ahead.
Jason Getz: Hi guys. Thanks for letting me ask the question. You talked a couple of months back about 20,000 vehicles a month in December. We are running a little bit below that now. What have been the biggest headwinds there? Has it been some production challenges, maybe broader macro weakness? And then what would it take to get to that 20,000 units? And how should we think about the run rate moving through 2024 with the new Salesforce?
William Li: [Foreign Language]
Unidentified Company Representative: Thank you for the questions. As we have mentioned earlier today in the premium battery electric vehicle segment priced over RMB200,000 NIO has realized a 45% market share in the third quarter of this year. Actually our market share in this segment has been pretty stable around 40%. So this has proven that we have a relatively solid foothold in the premium BEV segment. We have a pretty significant also stable market share already established in the segment. But when it comes to convincing users of premium ICE cost of buying a premium EV, it is actually more difficult than convincing a mass market users, because for the mass market users buying a car of RMB100,000 or RMB200,000 they pay attention to the ownership cost and also the usage cost of the product.
But for the users of premium electric vehicles, they pay more attention to other factors. And the second reason that may be affecting the wider adoption of premium BEV is regarding the coverage of infrastructure. I’ve also shared in the Yangtze River Delta areas, mainly Shanghai, Jiangsu and Zhejiang, we have a pretty significant market share. Our sales volume has outnumbered that of BMW, Audi and Mercedes with their ICE car sales. A very important reason behind this is because we have 700 power swap stations already established in this area. So infrastructure is also playing a very important role in boosting the sales volume and the adoption of electric vehicles. So far in China, we have already installed over 2,000 power swap stations, but roughly 700 of them are along the highways.
