Category: NIO ES8

Nio ignores the price war: Facelifted 2024 models open pre-orders for unchanged price, upgraded to Snapdragon 8295

Nio announces pre-orders for its 2024 models, featuring the Snapdragon 8295 chip, enhancing computing power and user experience, with unchanged prices.

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Nio ES8, EC7 wait times get shorter, ET5, ET5 Touring get longer

Wait times for the Nio ES8 have been shortened from 6-7 weeks to 5-6 weeks, the EC7 has been shortened from about 4 weeks to 3-4 weeks, and the ET5 and ET5 Touring have both gone from about 3 weeks to 4-5 weeks.

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Nio begins delivery of new ES8 in China

The new ES8 was launched in December 2022 and currently has a starting price of about $68,900 including the battery.

(Image credit: )

Nio (NYSE: NIO) has begun deliveries of the new ES8 in China, having only allowed customers to lock in orders for the flagship SUV earlier today.

Deliveries of the new ES8 have officially kicked off, Nio announced on Weibo this afternoon.

The electric vehicle (EV) maker did not provide more information, including the number of first deliveries of the new ES8.

Nio launched the new ES8 on Nio Day 2022, December 24, 2022, as its first production vehicle transitions to the latest NT 2.0 platform.

The model is offered in three versions – regular version, Executive Edition, and Signature Edition -- and after price adjustments over the past few months, they now start at RMB 498,000 ($68,900), RMB 518,000, and RMB 598,000, respectively, including the battery.

If customers choose to purchase the car using the BaaS (battery as a service) plan, the starting prices for the three versions are RMB 428,000, RMB 448,000 and RMB 470,000 respectively, with the monthly battery rental cost starting at RMB 980.

It's worth noting that as Nio's highest-priced model, the new ES8 is unlikely to contribute much in terms of sales, even though it is one of the best models in its market.

In May, retail sales of models priced above RMB 400,000 in China were 53,000 units, accounting for just 3 percent of all passenger car sales of 1.74 million units, according to the China Passenger Car Association (CPCA).

Prior to the launch of the new ES8, its predecessor saw its highest sales ever in December 2021 at 2,782 units, contributing 26.5 percent of Nio's total sales of 10,489 units for the month, according to data monitored by CnEVPost.

Nio ES8 sales have been below 2,000 units since January 2022, with the less expensive ES6 contributing the bulk of sales in most months.

Nio launched the new ES6 on May 24, with a current starting price of RMB 338,000 including the battery. Deliveries of the new ES6 began on launch night.

When the EV maker reported first-quarter earnings on June 9, it guided for second-quarter deliveries of between 23,000 and 25,000 vehicles, meaning it expects to deliver 10,187-12,187 vehicles in June.

Nio sold 3,200 units last week and 8,000 from June 1 to June 25, according to figures shared yesterday by its local counterpart .

($1 = RMB 7.2274)

NIO's new order intake hits year-to-date high with launch of new ES6, Morgan Stanley says

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Nio begins allowing consumers to lock in orders for new ES8

Deliveries of the new ES8, which starts at about $68,900 including the battery, will begin later today.

(Image credit: Nio)

Nio (NYSE: NIO) has begun allowing Chinese consumers to lock in orders for the new ES8, with first deliveries set to begin later today.

The new ES8 began accepting locked orders today, and show cars and vehicles for test drives are already arriving at the company's showrooms in various cities, according to a post on Nio's mobile app today.

The flagship SUV is Nio's transition to the NT 2.0 platform for its first production vehicle, with a length, width and height of 5,099 mm, 1,989 mm and 1,750 mm, respectively, and a wheelbase of 3,070 mm.

Nio is offering three options for the new ES8, including the regular, Executive and Signature editions, with starting prices of RMB 498,000 ($68,900), RMB 518,000 and RMB 598,000, respectively, including the battery.

If consumers choose to purchase the car using the BaaS (battery as a service) plan, the starting prices for the three versions are RMB 428,000, RMB 448,000 and RMB 470,000, respectively, and the monthly battery rental fee starts at RMB 980.

The first owners of the new ES8 will receive a 6-year or 150,000 km vehicle warranty and a 10-year unlimited mileage warranty on the battery, motor and electric control system. They will also receive free lifetime roadside assistance and up to 8 GB of traffic per month for 6 years of free car internet connectivity.

Consumers who purchase the new ES8 on or before July 31 will receive a home charging pile worth RMB 7,500, NOP+ two years free access worth RMB 9,120, Nio Air AR glasses and Nio Air smart ring worth RMB 2,597.

Nio launched the new ES8 on Nio Day 2022 on December 24, 2022, when the starting prices for the three versions including the battery were RMB 528,000, RMB 548,000 and RMB 638,000 respectively.

On June 12, Nio made the previously free battery swap benefit optional, thus reducing the price of all models by RMB 30,000.

Following this move, the starting prices of the three versions of the new ES8 were RMB 498,000, RMB 518,000 and RMB 608,000 respectively.

On June 24, Nio announced that the price of the Signature Edition of the new ES8 was adjusted to RMB 598,000, a further reduction of RMB 10,000. The prices of the regular and Executive editions remain unchanged.

Consumers can purchase the new ES8 with the optional benefit upgrade package in the vehicle configurator for RMB 30,000. The package includes four free battery swap services per month and a 10-year unlimited mileage warranty on the vehicle.

Consumers who purchase before July 31 can upgrade the 4 free battery swaps per month in the package to 6 per month if they forgo the free home charger.

Deliveries of the new ES8 will begin later today, Nio said.

Nio sold 3,200 units last week and 8,000 between June 1 and June 25, according to figures shared yesterday by .

The company guided for second-quarter deliveries of between 23,000 and 25,000 vehicles when it reported first-quarter earnings on June 9, meaning it expects to deliver 10,187-12,187 vehicles in June.

($1 = RMB 7.2274)

China NEV insurance registrations for week ending Jun 25: Tesla 16,700, Li Auto 7,500, Nio 3,200

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