Category: Electric

NIO names its car rental service in China NIO Subscription

upgraded the service a year ago, and more than 3,000 consumers have used it in the past year.  |  NIO US | NIO HK | NIO SG

(Image credit: NIO)

NIO (NYSE: NIO) first mentioned its vehicle rental service called NIO Subscription at its NIO Berlin European launch event last October.

Now the company appears to be using the same name for the service it offers in China to unify its brand image.

NIO marked the one-year anniversary of its upgraded vehicle rental service with a post on its mobile app today, and used the words "NIO Subscription" in a poster.

As a background, NIO has been offering car rentals for the past several years, but it hasn't received much attention, and on April 6, 2022, NIO upgraded the service.

In the previous car rental service offered by NIO, the monthly cost was fixed at RMB 9,888 ($1,440). In the upgraded service, each car is rented at a different price and the cost is reduced each month.

In the case of an ES6 SUV produced in 2020 with 34,000 kilometers on the road, a user can rent it for RMB 7,114 in the first month and RMB 6,661 in the 12th month, according to NIO's announcement last year.

This amount decreases month by month to RMB 4,684 in the 60th month.

Since the launch of the upgraded service, more than 3,000 consumers have experienced it, NIO said today.

To date, the service is available in 20 cities, including Shanghai, Beijing, Xi'an, Wuhan, Chengdu and Guangzhou, NIO said.

In 2023, the service will expand to an additional 10 cities, according to a poster by NIO.

($1 = RMB 6.8815)

NIO upgrades service that allows users to rent cars like software subscription

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This Oz EV Charger Generates Carbon Credits

After two years of planning and negotiations, a Whyalla veterinary surgery in South Australia has become the first to trial carbon credit generation from an EV fast charger Down Under. Evansa and Noodoe have teamed up with Whyalla Vets principal veterinarian Dr. Melville-Smith to create this innovative, sustainable income stream. More than an income stream […]

NIO to allow Chinese consumers to lock in EC7 orders starting Apr 10

Test drives for the EC7 will open on April 10, with deliveries to begin in mid-May.  |  NIO US | NIO HK | NIO SG

(Image credit: NIO)

NIO (NYSE: NIO) will allow consumers to lock in orders for the EC7 electric coupe SUV starting next Monday, with the model just a month away from its planned delivery date.

Starting at 10 am on April 10, the EC7 will be available for consumer order lock-ins, NIO announced in an article posted on its mobile app today.

EC7 show cars and vehicles for test drives have already begun shipping to NIO showrooms in cities across China, and test drives will be available starting April 10, NIO said.

Until NIO starts accepting orders for lock-in, consumers can still get the benefits of the earliest buyers by paying a reservation deposit of RMB 5,000 ($730). These benefits include using the deposit as RMB 10,000 for the purchase of the car.

These reservation benefits will no longer be available after the EC7 begins accepting locked orders.

Deliveries of custom vehicles for the EC7 will begin in mid-May, NIO said.

Orders for the EC7 with locked-in configurations by April 16 will be scheduled for production and delivery essentially in the order in which consumers pay their reservation deposits.

Starting April 17, the EC7 will be scheduled for production and delivery in the order in which consumers lock in their configurations.

Some options may result in later deliveries of customized EC7s, with deliveries expected to begin as early as July for models with the optional rear comfort package and August for EC7s with the optional coral red interior.

Here is a video about the design of the EC7 shared by NIO on its app.

NIO officially launched the EC7, its second coupe SUV after the EC6, at the NIO Day 2022 event last December 24, with a length of 4,968 mm, width of 1,974 mm, height of 1,714 mm and a wheelbase of 2,960 mm.

NIO offers an intelligent dimming glass option for the EC7's roof, the first time the company has introduced this option in one of its models.

Thanks to an optimized exterior design, the EC7 has a wind resistance coefficient of just 0.23 Cd, which NIO said is the lowest of any mass-produced SUV in the world.

The EC7 is equipped with a 180-kW permanent magnet motor at the front and a 300-kW induction motor at the rear, allowing the motor to reach a peak power of 480 kW.

The powertrain allows the EC7 to accelerate from 0 to 100 km/h in 3.8 seconds, making it NIO's fastest-accelerating SUV.

NIO currently offers three versions of the EC7, including a version with a 75-kWh standard range battery pack, a version with a 100-kWh battery pack, and a premiere version with a 100-kWh battery pack.

Including the battery, the starting prices for these three versions are RMB 488,000, RMB 546,000 and RMB 578,000 respectively.

If consumers choose NIO's battery as a service (BaaS) program, the starting prices are RMB 418,000 for both regular versions and RMB 450,000 for the premiere version. Their monthly battery rental costs are RMB 980 yuan, 1680 yuan and 1680 yuan respectively.

NIO's NAD (NIO Autonomous Driving) feature will also be available for the EC7, and the full feature package will be available on a subscription basis at a cost of RMB 680 yuan per month. However, the software is not yet available.

NIO offers the first EC7 owners a 10-year unlimited mileage warranty, up to six free battery swaps per month, and free home charger.

It is worth noting that with the EC7 available, the EC6 is not discontinued.

On February 13, the new, NT 2.0 platform-based EC6 appeared in a filing catalog showing the model's appearance and core specifications.

($1 = RMB 6.8809)

Regulatory filing: NIO's new EC6 coming

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Neta unveils two-door electric sports car Neta GT, deliveries expected in H1

The GT, set for mass production and delivery in the first half of 2023, will be the first real sports car that young people in China can own, an executive previously said.

(Image credit: Neta)

Neta Auto, the electric vehicle (EV) brand owned by Hozon Auto, has unveiled its first electric sports car, with deliveries expected to begin in the first half of the year.

Neta officially unveiled the Neta GT, a two-door, four-seat all-electric sports car that is its second model based on the Shanhai platform after its flagship sedan, the Neta S, at a launch event on the night of April 4.

The EV maker mentioned the name Neta E when it previewed the sports car late last year, but a month ago, it made the model's name official with the Neta GT.

The electric sports car measures 4,715 mm in length, 1,979 mm in width and 1,415 mm in height, and has a wheelbase of 2,770 mm.

For comparison, the Neta S measures 4,980 mm in length, 1,980 mm in width and 1,450 mm in height, with a wheelbase of 2,980 mm.

The Neta GT will be available in single-motor and dual-motor versions, with the single-motor version having a maximum motor power of 170 kW and the dual-motor version having a maximum total power of 340 kW, as indicated by a previous regulatory filing.

Its power battery suppliers include CATL and Eve Energy, and the battery types include lithium iron phosphate batteries as well as ternary batteries.

Neta GT's battery pack has three options of 64.24 kWh, 74.48 kWh and 77.9 kWh, and the CLTC range includes 560 km, 580 km and 660 km.

Neta did not announce the official launch and delivery dates of the Neta GT, but last December 16, Hozon Auto CEO Zhang Yong said on Weibo that the model will be mass-produced and delivered in the first half of 2023.

Pricing information for the Neta GT is unknown, though Zhang previously said that the model would be the first true sports car that young people in China could own, suggesting that its price will likely be affordable.

The current starting price range for the Neta S flagship sedan is RMB 242,800 to RMB 341,800.

Neta is seen as a budget EV maker in China, as its vehicles are priced primarily for the lower end of the market, and the Neta S is its first effort at the premium end of the market.

Neta delivered 10,087 vehicles in March, essentially unchanged from 10,073 in February and down 16.12 percent from 12,026 in the same month last year, the company's previously announced figures show.

The Neta S delivered 2,206 units in March, up 8 percent from 2,048 units in February. A total of 4,793 units of the Neta V and 3,088 units of the Neta U were delivered in March.

Regulatory filing: Neta's 2-door electric sports car coming

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