Category: China

NIO’s deliveries fall further to 6,658 in Apr as its product switch continues

NIO's deliveries fall further to 6,658 in Apr as its product switch continues-CnEVPost

NIO's deliveries in April fell further to 6,658 units, as its product switchover continues, according to data released today.

This is up 31.22 percent from 5,074 units in the same month last year, but down 35.85 percent from 10,378 units in March.

Below is its press release, as the CnEVPost article is being updated.

NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced its April 2023 delivery results.

NIO delivered 6,658 vehicles in April 2023, representing an increase of 31.2% year-over-year. The deliveries consisted of 1,713 premium smart electric SUVs, and 4,945 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 327,255 as of April 30, 2023.

In April 2023, the majority of deliveries were attributable to ET5 and ES7, while NIO has been upgrading its product offerings from NIO Technology 1.0 (NT1.0) to NIO Technology 2.0 (NT2.0).

In late April 2023, NIO started to steadily ramp up the production and delivery of the EC7, a five-seater smart electric flagship coupe SUV from NT2.0.

On April 18, 2023, NIO debuted the All-New ES6, a smart electric all-round SUV, at the Shanghai Auto Show. Derived from NT2.0, the All-New ES6 will bring user experiences beyond expectations in terms of design, performance, comfort, intelligence, safety, and sustainability. NIO expects to officially launch the All-New ES6 and commence deliveries in May 2023.

The All-New ES8, a smart electric flagship SUV based on NT2.0 that was launched at NIO Day 2022, is expected to commence deliveries in June 2023.

At the Shanghai Auto Show, NIO also launched the 2023 ET7, a smart electric flagship sedan based on NT2.0. The 2023 ET7 boasts more than 15 product upgrades, providing users with a more comfortable driving and riding experience, a more refined interior and a more intuitive digital experience. Deliveries of the 2023 ET7 will start in May 2023.

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Neta delivers 11,080 vehicles in Apr, up 9.8% from Mar

From January to April, Neta delivered 37,256 vehicles. The company is aiming to deliver 300,000 vehicles this year.

Neta delivers 11,080 vehicles in Apr, up 9.8% from Mar-CnEVPost

Neta Auto, Hozon Auto's electric vehicle (EV) brand, delivered 11,080 vehicles in April, the third consecutive month of more than 10,000 vehicles, according to data released today.

That's up 25.72 percent from 8,813 vehicles in the same month last year and up 9.84 percent from 10,087 vehicles in March.

Neta's flagship sedan, the Neta S, delivered 2,237 units in April, up 1.41 percent from 2,206 units in March.

In January-April, Neta delivered 37,256 vehicles, down 4.39 percent from 38,965 in the same period last year.

Neta S delivered 8,008 units in January-April and 10,213 units in total since deliveries began in October last year, according to data monitored by CnEVPost.

Neta has been seen as a budget EV maker since its inception, as its vehicles are priced primarily at the lower end of the market, with the Neta V and Neta U priced at around RMB 100,000 ($14,470) to RMB 150,000.

The Neta S, its first effort at the premium end of the market, officially launched in China on July 31, 2022, with a current starting price range of RMB 202,800 to RMB 341,800.

On the first day of the Shanghai auto show on April 18, Neta officially launched the Neta GT sports car with a starting price of RMB 178,800 to 227,800.

Neta is targeting sales of 300,000 units in 2023, local media China Securities Journal reported on February 7.

The EV maker has sales of 152,073 units in 2022, up 118 percent year-on-year, including 3,456 units delivered overseas, according to data it previously announced.

($1 = RMB 6.9121)

Neta GT sports car officially launched, priced from $26,000

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GAC Aion sells record 41,012 vehicles in Apr, up 2.5% from Mar

From January to April, GAC Aion sold 121,320 vehicles, up 120.24 percent from 55,086 vehicles in the same period last year.

GAC Aion sells record 41,012 vehicles in Apr, up 2.5% from Mar-CnEVPost

GAC's new energy vehicle (NEV) subsidiary, GAC Aion, sold a record 41,012 vehicles in April, the second consecutive month to exceed the 40,000-unit mark, according to data released today.

This represents a 301.61 percent increase over the 10,212 units sold in the same month last year and a 2.49 percent increase over the 40,016 units sold in March.

In January-April, GAC Aion sold 121,320 vehicles, up 120.24 percent from 55,086 units in the same period last year, according to data monitored by CnEVPost.

GAC Aion is currently selling the Aion series, targeting the mass market, such as the Aion S sedan with a price range of RMB 139,800 ($20,230) to RMB 172,800.

The company unveiled its new premium brand Hyper on September 15, 2022, and its first model, the Hyper SSR supercar, to enter the higher end of the market.

GAC Aion offers two versions of the Hyper SSR, with the regular version priced at RMB 1.286 million in pre-sale and capable of accelerating from 0 to 100 kilometers per hour in 2.3 seconds.

The other version, Hyper SSR Ultimate, is priced at RMB 1,686,000 and can accelerate from 0 to 100 km/h in 1.9 seconds.

GAC Aion said at the time that the model was the fastest accelerating car on the planet and would begin mass production and delivery in October 2023.

On April 16, on the eve of the Shanghai auto show, the Hyper brand's second model, the Hyper GT sedan, opened for pre-sale with a price range of RMB 219,900 to RMB 339,900.

The Hyper GT is available in five versions, one of which supports battery swap, like NIO models.

The Hyper GT will be officially launched in June and deliveries will begin during the year.

($1 = RMB 6.9121)

GAC Aion begins pre-production performance testing of Hyper SSR supercar

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Li Auto delivers record 25,681 vehicles in Apr, Li L7 delivers over 10,000

April was the first full month of deliveries for Li Auto's cheaper five-seat SUV, the Li L7.  |  Li Auto US | Li Auto HK

Li Auto delivers record 25,681 vehicles in Apr, Li L7 delivers over 10,000-CnEVPost

Li Auto (NASDAQ: LI) saw record deliveries last month as the new, cheaper SUV, the Li L7, began to contribute significantly to sales.

The Chinese automaker delivered 25,681 vehicles in April, another monthly high while surpassing the 20,000-delivery mark for the second consecutive month, according to data released today.

This represents a 516.29 percent increase over the 4,167 units delivered in the same month last year and a 23.33 percent increase over the 20,823 units delivered in March.

As of the end of April, Li Auto has delivered a total of 335,599 units since its inception.

"We are pleased to have delivered over 10,000 Li L7s in its first full month of deliveries, establishing the vehicle as a preferred choice among five-seat premium SUVs for Chinese families while marking the first time a Chinese branded five-seat SUV priced above RMB300,000 has achieved this monthly delivery milestone," said Li Xiang, chairman and CEO of Li Auto.

"Regarding autonomous driving, we expect to release the city NOA for beta testing in Li AD Max 3.0 this quarter and target to roll out in 100 cities nationwide by the year end," he added.

Li Auto's three models currently on sale -- Li L9, Li L8 and Li L7 -- are extended-range electric vehicles (EREVs), which are essentially plug-in hybrids.

The big selling point of these models is that they don't have the range anxiety of battery electric vehicles (BEVs), as they can be charged as well as refueled.

Li Auto launched the Li L7, its first five-seat SUV, on February 8.

The Li L7 is the least expensive of its product array, with Pro as well as Max versions starting at RMB 339,800 ($49,160) and 379,800 respectively. The Li L7 has a lower-priced Air version available, starting at RMB 319,800.

Deliveries of the Li L7 Pro and the Li L7 Max begin on March 11, and deliveries of the Li L7Air begin in late April.

Li Auto also launched an Air version of the Li L8 alongside the Li L7 at a starting price of RMB 339,800. The Li L8 was previously available in Pro and Max versions at RMB 359,800 and RMB 399,800 respectively.

The Li L9 is currently only available in Max version with a starting price of RMB 459,800.

In terms of product planning, Li Auto aims to create a model portfolio of one super flagship, five EREVs and five BEVs by 2025 to meet the diverse needs of families in the price range of 200,000 yuan and above, Li said.

As of April 30, the company had 302 retail stores in 123 cities and 318 service centers and Li Auto-authorized body and paint stores in 222 cities.

($1 = RMB 6.9121)

Li Auto CEO predicts China NEV penetration to exceed 80% by Dec 2025

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NIO plans to launch EV priced below 30,000 euros in Europe, report says

NIO aims to grab market share from Volkswagen by introducing a model priced below 30,000 euros to the European market, a German magazine quoted William Li as saying.

NIO plans to launch EV priced below 30,000 euros in Europe, report says-CnEVPost

(Image credit: CnEVPost)

NIO (NYSE: NIO) aims to grab market share from Volkswagen by introducing a model to Europe priced under 30,000 euros ($33,060), according to a Reuters report today.

William Li, the founder, chairman and CEO of the Chinese electric vehicle company, told German magazine Der Spiegel about the plan, according to the report.

"Yes, in terms of price that means we are also attacking Volkswagen more strongly than before," Der Spiegel quoted Li as saying, without providing further details.

Li has previously said on several occasions that NIO is creating two sub-brands codenamed ALPS and Firefly to target the broader mass market.

On January 26, NIO co-founder and president Qin Lihong said at a face-to-face communication with owners that NIO is preparing models for a sub-brand codenamed ALPS, with deliveries expected to begin within 2024.

The Firefly project is also in the planning stage and will be delivered first to European consumers, Qin said.

A smaller model of NIO is in development and will debut in Europe and is expected to be available in the third quarter of 2024, according to Qin.

A source told CnEVPost on January 31 that NIO's F4 plant for the Firefly project will be located in Chuzhou, Anhui province, while the F3 plant for the ALPS project will continue to be located in Hefei, which is home to two current NIO plants.

The F4 plant will also assemble vehicles for the Firefly project and produce some parts, the source said, adding that the brand will initially produce vehicles mainly for export to Europe, with production scheduled for the third quarter of 2024.

The Chuzhou plant will produce small cars priced at around 100,000 yuan (15,000), the source said.

The F3 plant, which will remain located in NeoPark, will mainly produce models under the mid- to high-end sub-brand internally codenamed ALPS, targeting a market with prices ranging from RMB 150,000 to RMB 300,000, according to the source.

On February 21, local media Cailian reported, citing sources familiar with the matter, that NIO's fourth vehicle assembly plant will be located in Chuzhou, Anhui province, and will produce models of the Firefly.

The Firefly model will first be sold in Europe, targeting the Volkswagen POLO market, Cailian said, citing the source, adding that, like NIO's other products, they will support battery swap.

Compared to the main NIO brand and the ALPS program, the Firefly models will have weaker smart driving features, but they will still have a significant smart advantage over the European carmaker's offerings, the source said.

NIO is currently switching models based on the NT 1.0 platform to the NT 2.0 platform, while the ALPS project, which targets a price tag of around RMB 200,000, will be based on the NT 3.0 platform, a Yicai report said on February 21.

The main NIO brand's models are too large for European consumers, and the Firefly project's smaller models will be more popular with European consumers, Yicai said, citing an unnamed NEV company executive.

NIO's ALPS sub-brand will have its own sales channel and half as many models as NIO brand, report says

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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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