Daily Archive: April 29, 2023

NIO’s single-day battery swap service hits record high on Labor Day eve

On April 28, NIO saw a record 62,746 battery swap services provided in a single day, with the stations along highways providing 104 percent more service than the previous day.

NIO's single-day battery swap service hits record high on Labor Day eve-CnEVPost

NIO (NYSE: NIO) saw its battery swap stations reach a new record high in services as China heads into the Labor Day holiday travel rush.

On April 28, NIO provided a record 62,746 battery swap services in a single day, the company announced today.

April 29 to May 3 is the Labor Day holiday in China this year, which is usually the peak of driving trips for Chinese people.

NIO owners will have free and unlimited access to the company's battery swap stations along highways from April 28 to May 4, although vehicles used for operations are excluded, it announced on April 25.

Most NIO owners currently have the benefit of four to six free battery swap services per month, with a few early adopters having unlimited access.

On April 28, NIO's battery swap stations along highways provided 16,584 free services to owners, up 104 percent from 8,115 the previous day, according to figures released today.

This is the second time NIO has offered such benefits to owners after the Chinese New Year holiday earlier this year.

NIO offered free access to battery swap stations from January 13 to February 5 during the Chinese New Year holiday, which ran from January 21 to January 27.

On January 27, NIO's battery swap stations provided 62,356 services in a single day, which was the previous high.

As of April 29, NIO had 1,379 battery swap stations in China, 364 of which are located along highways.

The company also has 2,536 charging stations in China, offering 15,068 charging piles, according to data monitored by CnEVPost.

NIO to allow vehicle owners free access to swap stations along highways for upcoming Labor Day holiday

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NIO suffers complaints from ES7 owners who believe upcoming new ES6 hurts their interests

Disgruntled ES7 owners have asked NIO to offer additional benefits as compensation, but have been denied.  |  NIO US | NIO HK | NIO SG

NIO suffers complaints from ES7 owners who believe upcoming new ES6 hurts their interests-CnEVPost

(Image credit: CnEVPost)

The new ES6 will be a strategically important model for NIO (NYSE: NIO), and it has sparked complaints from ES7 owners ahead of its official launch.

Many ES7 owners recently formed WeChat groups in order to collectively protest to NIO that the automaker has betrayed them because the new ES6 will not only have lower prices, but also have competitive edges with their vehicles.

As background, the NIO ES7 was launched on June 15, 2022, and is the company's second model based on the NT 2.0 platform, and the first SUV on the second-generation platform.

The NIO ES7 is currently offered in two versions, priced at RMB 468,000 ($67,710) and 548,000 including the battery. If consumers choose to purchase using the battery rental service BaaS, the starting price is RMB 398,000.

NIO began deliveries of the ES7 on August 28, 2022, with a cumulative total of 15,123 units delivered by the end of January this year, according to data monitored by CnEVPost. Delivery figures for the model in February and March are not available.

The NIO ES7 is similar to the new NIO ES8 in appearance and key specifications, but is smaller in size and less expensive. Previously, the model that sits behind the flagship ES8 in NIO's product array was the ES6.

It is worth noting that the ES7 is not the NT 2.0 version of the old ES6. The old ES6, based on the NT 1.0 platform, was still on sale after the ES7 was released.

On April 18, NIO officially launched the 2023 ET7 sedan on the first day of the Shanghai auto show and unveiled the ES6.

NIO suffers complaints from ES7 owners who believe upcoming new ES6 hurts their interests-CnEVPost

(Image credit: CnEVPost)

Pre-orders for the new ES6 are already being taken, but the official launch will be in late May. William Li, founder, chairman and CEO of NIO, said the model will move quickly from official launch to delivery.

Although NIO has not yet announced the prices of the new ES6, the model is widely seen as starting at less than RMB 400,000, considering that the old ES6 previously had a starting price of RMB 386,000 including the battery.

The unveiling of the new ES6 has unexpectedly sparked discontent among many ES7 owners, who believe the upcoming SUV has a strong appeal but significantly lower prices, despite the ES7's stronger features and space.

These owners also believe that the ES7 uses many NT 1.0 platform components, while the new ES6, by contrast, uses all NT 2.0 platform components.

To calm the discontent of these ES7 owners, NIO held a communication meeting with them on April 27, with Li's personal participation.

However, a recording circulating on the Internet shows that the communication was inconclusive, and Li denied the owners' request for additional benefits, despite a lot of pressure from them.

Notably, on Weibo, a large number of users expressed support for Li, arguing that the owners' demands were unreasonable and that NIO should stick to its current stance.

($1 = RMB 6.9121)

NIO launches new ET7, unveils new ES6 at Shanghai auto show

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NIO sues vlogger for $290,000 for spreading false information

NIO has accused a Douyin vlogger of spreading false information about its price discrimination against Chinese consumers.

NIO sues vlogger for $290,000 for spreading false information-CnEVPost

(Image credit: CnEVPost)

NIO (NYSE: NIO) is taking increasingly tough measures to counter voices on social networks that damage its reputation.

The electric vehicle (EV) maker recently sued Cheshiji, a vlogger with 6.5 million followers on the short video platform Douyin, for allegedly spreading false information and violating its reputation, local media outlet Sina Tech reported yesterday.

NIO is demanding a public apology from the blogger on his Douyin homepage and compensation of RMB 2 million ($290,000).

In a video dated June 2, 2022, the vlogger said that NIO was price discriminating against Chinese consumers because the flagship SUV ES8 was priced at RMB 470,000 to RMB 630,000 in China, significantly higher than the model's approximate RMB 410,000 to RMB 460,000 price tag in Norway.

NIO sues vlogger for $290,000 for spreading false information-CnEVPost

NIO said the vlogger improperly compared the ES8's prices in China including the battery to the model's prices in Norway without the battery, and deliberately ignored the fact that Norway exempts EVs from import duties and value-added tax.

These actions mislead the public into thinking that NIO is discriminating against Chinese consumers in terms of prices, NIO said.

The video received more than 330,000 likes, which NIO believes has had a serious negative impact on the company's brand reputation.

NIO believes that the vlogger deliberately made the inappropriate comparison knowing that NIO's models have prices that include batteries, as well as prices based on the Baas (battery as a service) business model, which is not a work error.

The vlogger was well aware of the differences between the two NIO purchase options and prices, and this evidence suggests that his actions to degrade NIO's brand image were intentional, the company said.

NIO said the base prices of its models are essentially the same worldwide, with the difference being that it takes into account factors including shipping costs, local taxes and operating costs in different regions.

It is the latest move by NIO to assert its brand image, which the company has rarely been tough about before.

Last month, another vlogger on the Douyin platform, Laotan Shuoche, was ordered to apologize and pay damages to NIO for spreading false information.

The blogger was found guilty of violating NIO's reputation rights and was required to publish an apology on his channel and pay financial damages of RMB 80,000.

($1= RMB 6.9121)

Vlogger ordered to apologize and pay damages to NIO for spreading false info

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