Smart and Sustainable Electric Mobility
It would be the first EU country where ET5 will be launched. First batch of ET5 also arrived in Norway this week.
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The vlogger was ordered to publish an apology on his channel and pay NIO financial damages of RMB 80,000 yuan ($11,640). | NIO US | NIO HK | NIO SG
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NIO (NYSE: NIO) has won a lawsuit involving reputation infringement in China, in one of the company's rare tough moves.
Laotan Shuoche (literally, Mr. Tan talks about cars), a vlogger on the short-video platform Douyin, was ruled to have infringed on NIO's reputation and was required to publish an apology on his channel and pay financial damages of RMB 80,000 yuan ($11,640).
The vlogger had called NIO's vehicles uncontrolled "wild horses" on his channel and blamed an accident on the quality of NIO's vehicle, even though traffic police authorities had confirmed that the accident was caused by the driver's mishandling, several local media said, citing a verdict.
The vlogger spliced multiple unverified collision videos to cause damage to NIO's reputation by distorting the facts while gaining viewers, according to the verdict, which is final.
Last February, an NIO vehicle was rear-ended on a highway in Jinhua, Zhejiang province in eastern China, and eventually crashed into three other vehicles before coming to a stop after driving forward for about 2 kilometers.
Laotan has apologized to NIO by posting a video on his Douyin account, which showed that he posted the video on the accident on February 16, 2022.
In China, NIO has always been seen as showing caution and restraint in dealing with similar issues, rather than being as aggressive as Tesla.
A few years ago, a video by a blogger criticizing NIO gained high attention. However, his video was not seen as an infringement of NIO's reputation, and he himself became one of the earliest owners of the ET7.
On June 30, 2022, car blogger @一个菜两个菜, who has more than 1 million followers on Weibo, said he purchased an ET7, a model that only started to be delivered at the end of March last year.
The blogger claimed in a video posted on January 28, 2019, that there is no future for NIO and explained his view in detail.
He claimed in the video at the time that NIO was playing a game of quick money through the capital markets and was not capable of building cars.
($1= RMB 6.8707)
Blogger who said NIO had no future three years ago becomes one of the first ET7 owners
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Ningbo Tuopu said its strategic partnership with NIO uses an innovative T0.5 collaboration model that will provide the latter with better products and services.
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Ningbo Tuopu Group, a Tesla parts supplier, has signed an agreement with NIO (NYSE: NIO) in which the two companies will adopt an innovative partnership model not commonly seen in the automotive industry.
Ningbo Tuopu and NIO signed a strategic cooperation framework agreement on March 16 to establish a strategic partnership for the development, manufacture and supply of new energy vehicle components, according to an exchange announcement today from the Shanghai-listed company.
One of the goals of the partnership is for Ningbo Tuopu to supply parts near NIO's plants in Hefei, according to the announcement.
The companies will also collaborate on the use of low-carbon materials, supply chain emissions reduction, digital supply chain and global business exploration.
For the current phase, Ningbo Tuopu will collaborate strategically with NIO on products including chassis systems, body lightweight, thermal management systems, interior and exterior systems and NVH (noise, vibration, and harshness) damping systems.
The two companies will also explore all-round cooperation in the areas of intelligent cabin components, air suspension systems and intelligent driving systems, the announcement said.
The teams of both parties will establish regular communication mechanisms and provide adequate resource support to ensure the implementation of the strategic cooperation, according to the announcement.
Notably, Ningbo Tuopu said its strategic partnership with NIO is based on an innovative T0.5 supply chain cooperation model, which will provide the customer products and services with better QSTP (Quality, Service, Technology, Price).
Ningbo Tuopu did not explain more about the T0.5 partnership model, but it is a new model it has been working on for the past few years.
In the automotive industry, the typical relationship between parts suppliers and automakers is T1 (Tier 1), a supplier that signs a supply contract directly with the car company, and T2 (Tier 2), which has a contract with a T1 supplier.
In the T0.5 model implemented by Ningbo Tuopu, automakers are more involved in the development of components, thus shortening the development cycle and ensuring quality.
Ningbo Tuopu was founded in 1983 and is one of the largest parts suppliers in China. The company last came to the attention of the general public in China because of a recall of the Tesla Model Y.
In December 2021, Tesla announced a recall of 21,599 China-made Model Y electric vehicles because of the risk of warping or breaking the vehicle's steering knuckle, which was supplied by Ningbo Tuopu.
Following the announcement of the Tesla Model Y recall, Ningbo Tuopu's shares traded in Shanghai were at one point severely sold off.
The parts maker later issued a statement saying that the products involved in the recall were only for the Model Y and not for other Tesla models or other customers' models.
The company estimated that the recall was not material and would not have an impact on its annual operating results or on its business based on the number of recalls and defect ratios, it said in the statement at the time.
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The price of lithium, a raw material for batteries, has accelerated its decline, with industrial-grade lithium carbonate falling RMB 7,500 per ton to RMB 302,500 per ton today.
New price agreements between Chinese power battery giant CATL and some local automakers are expected to be reached this month, at a time when battery raw material prices continue to fall.
CATL's lithium rebate policy is progressing steadily, and it is now at the practical stage of signing agreements with some car companies, local media Cailian said today, citing sources close to the battery maker.
These agreements are expected to be reached by the end of this month at the earliest, the source said.
CATL's plan was first reported on February 17 by local media outlet 36kr, which said it is not aimed at all customers, but rather at several strategic customers, including NIO (NYSE: NIO), Li Auto (NASDAQ: LI), Huawei and Zeekr.
The core terms of the partnership include that CATL will settle a portion of the price of power battery supply with car companies at a rate of RMB 200,000 ($28,970) per ton of lithium carbonate for the next three years.
At the same time, car companies signing the partnership will be required to commit about 80 percent of their battery purchases to CATL, according to the report.
CATL management first acknowledged the move during the company's earnings call on March 9.
CATL's lithium sharing plan is not for the purpose of lowering prices, but rather the company already has some mineral resources and does not want to reap windfall profits, its management said.
CATL wants to be able to share with long-term strategic customers and is moving forward with communications to that end, the company said.
Prior to that, Li Auto and NIO both said that they had ongoing discussions with CATL when asked about the topic in their respective earnings calls.
CATL's move comes as lithium carbonate has been falling for months.
Today's quotes for industrial-grade lithium carbonate and battery-grade lithium carbonate in China were both down RMB 7,500 per ton, with the latest average prices at RMB302,500 per ton and RMB 340,000 per ton, respectively, according to My Steel.
($1 = RMB 6.9040)
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China's auto industry is facing cyclical swings in the transition to electrification that can't be weathered by price wars and require automakers to stick to brand values, an NIO executive said.
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An NIO (NYSE: NIO) executive said the company won't get involved in a price war, which has come into focus with the recent sharp price cuts by a large number of internal combustion engine (ICE) automakers.
NIO will not engage in a price war and will not respond to the current market volatility with price cuts, said Pu Yang, the company's assistant vice president of sales operations, at a media briefing today.
NIO believes that the current wave of price cuts is a cyclical fluctuation in the transition from ICE vehicles to smart electric vehicles (EVs), with the main players being ICE models from joint venture brands with limited competitiveness, Pu said, according to minutes shared by several automotive bloggers.
The cyclical fluctuations brought about by this technological revolution can't be crossed by price wars and require car companies to stick to their brand values, he said.
NIO will always ensure the user experience and cope with this cycle by efforts including continuous investment in infrastructure, keeping prices and configurations stable, and full-stack in-house research and development, he said.
More and more car companies are joining the price war, leading to an increased wait-and-see sentiment among consumers to avoid seeing price cuts soon after purchasing a car.
NIO's local counterpart, Li Auto (NASDAQ: LI), has introduced a consumer price-protection benefit that will refund the difference if the price drops within 90 days of their purchase.
Pu said he saw Li Auto's move and that NIO had considered whether to issue a similar policy, but for the company, it had previously made it clear that prices would not go down.
Not only is NIO not dropping prices for 90 days, but prices won't change for a longer period of time, he said.
He believes the current plunge in ICE vehicle prices in China will be a landmark event and potentially a watershed moment for the auto industry as a whole.
Many of the products that have seen significant price cuts are at the end of their life cycle, Pu said, adding that he doesn't think that will be the norm.
He believes that the large number of models that have seen significant price cuts are appearing quickly, and that these moves will disappear quickly, and that this will be some sort of catalyst for the development of the new energy vehicle (NEV) market.
Pu is optimistic about the whole-year performance of the passenger car market in China, and believes that sales will increase compared to last year.
He mentioned that NIO has seen an increase in the number of visitors to its stores and test drives in recent times, and is confident of growth given the new products the company will have available and the upcoming Shanghai auto show.
The NIO brand will not make prices lower by introducing single-motor models or models without LiDARs, Pu said, reiterating remarks made by William Li, the company's founder, chairman and CEO, during an earnings call earlier this month.
Lower configurations and lower prices are not how NIO wins. The company started from the beginning with a desire to give users a highly configurable, high-quality-of-service experience, he said.
Pu said he suggested to the company's management at the time of the ET5's launch that it could lower the barrier to purchase by eliminating the free battery swap benefit, but that was voted by Li.
The ET5 is a good value when compared to competitors in the same price range as it, especially in terms of intelligence and performance, he said.
NIO believes that improving service quality will be an effective means of dealing with the competition, including adding 1,000 new battery swap stations this year, he said.
The penetration rate of NEVs in China will be higher this year, and the total market segment of high-end EVs will be larger, so NIO is expected to achieve better growth, Pu said.
New products will be an important card for NIO this year, as the company will have more core products on the market this year and delivery is expected to be smoother, he said.
As for the lower-priced EV market, NIO will cover it through sub-brands, including one codenamed ALPS, he said.
China auto price war: BMW dealers offer discounts of up to $14,360 for i3
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Tesla's insurance registrations last week in China were higher than the previous week's 13,266, while NIO's were lower than the previous week's 3,345.
BYD's new energy vehicles (NEVs) saw 37,141 insurance registrations in China for the week ending March 12, lower than the previous week's 38,932, according to numbers shared today by auto blogger @一路向北BYD.
Tesla vehicles saw 17,032 insurance registrations in China last week, higher than the previous week's 13,266.
NIO was 2,170 last week, down from 3,345 the week before.
Li Auto registered 4,243 units last week, up from 3,222 units the previous week.
XPeng was 1,635 units last week, up from 1,421 units the week before.
BYD's premium brand Denza vehicles saw 1,853 insurance registrations last week, up from 1,808 the week before.
Zeekr was 1,043 units last week, down from 1,814 units the week before.
BMW's NEVs registered 1,486 insurance units in China last week, down from 1,663 units the week before.
The past week has seen a rare price war in China's auto industry involving not only NEV makers, but traditional internal combustion engine automakers as well.
Rumors surfaced last week that BMW dealers were offering a massive subsidy for the all-electric BMW i3 in China, and that consumers who pay full price for the car can even get the model for RMB 120,000 to 180,000, less than half the retail price.
BMW insiders denied this, but sources at BMW dealers said they are indeed offering discounts, and that these measures were only introduced this month, local media Cailian reported last week.
For the BMW i3 eDrive35 L, which currently has a guide price of RMB 353,900, the price after discounts is RMB 248,000, the report said, citing BMW dealership sources.
Consumers will also receive an additional RMB 6,000 subsidy if they trade in their vehicles, the source said.
The increasing number of car companies joining the price war has led to increased consumer wait-and-see sentiment to avoid seeing price reductions shortly after purchasing a car.
Li Auto has introduced a consumer purchase price protection benefit that covers all of the company's currently available models -- Li L7, Li L8, Li L9.
For consumers who purchase these models, if the prices drops within 90 days of their order, then Li Auto will refund the difference.
The policy, which is available to consumers when they purchase the Li L7, Li L8, and Li L9, is primarily intended to make clear to them that Li Auto will not drop the prices, local media outlet The Paper said earlier today, citing salespeople from the company.
China NEV insurance registrations for week ending Mar 5: BYD 38,932, Tesla 13,266, NIO 3,345
| Wk | BYD | Tesla | NIO | XPeng | Li Auto | BMW | Zeekr | Neta | Leapmotor | NEV | NEV+ICE |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 03/06-03/12 | 37,141 | 17,032 | 2,170 | 1,635 | 4,243 | 1,486 | 1,043 | 988 | |||
| 02/27-03/05 | 38,932 | 13,266 | 3,345 | 1,421 | 3,222 | 1,663 | 1,814 | 4,109 | 515 | 116,238 | 345,340 |
| 02/20-02/26 | 39,473 | 10,705 | 3,357 | 1,685 | 5,387 | 1,792 | 1,855 | 2,152 | 401 | 111,983 | 331,238 |
| 02/13-02/19 | 37,026 | 5,913 | 3,174 | 1,463 | 4,238 | 2,271 | 1,443 | 1,038 | 329 | 100,408 | 303,101 |
| 02/06-02/12 | 31,417 | 6,963 | 3,045 | 1,396 | 4,062 | 682 | 547 | 1,170 | NA | 85,572 | 280,741 |
| 01/30-02/05 | 24,280 | 8,643 | 1,948 | 975 | 2,240 | 593 | 554 | 3,964 | 114 | 69,692 | 267,843 |
| 01/23-01/29 | 5,280 | 3,356 | 427 | 210 | 990 | NA | 89 | NA | NA | 17,945 | 92,600 |
| 01/16-01/22 | 24,708 | 7,496 | 3,008 | 1,068 | 4,903 | NA | 657 | NA | NA | 67,500 | 330,400 |
| 01/09-01/15 | 40,420 | 12,654 | 2,963 | 1,817 | 4,527 | 2,687 | 1,359 | 420 | 237 | 99,041 | 438,000 |
| 01/02-01/08 | 35,924 | 2,110 | 2,818 | 1,551 | 3,704 | 2,103 | 1,511 | 238 | 80 | 77,000 | 290,000 |
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NIO delivered 12,157 vehicles in February, including 6,471 ET5s, 649 ET7s and 2,848 ES6s.
(From left to right: EC7, EC6, ET7, ET5. Screenshot on March 14.)
NIO (NYSE: NIO) has seen slightly longer wait times for two of its models in China, the first time since late January that such a change has occurred.
The company's current main seller, the ET5 electric sedan, now has an expected delivery date of 3-4 weeks, up 1 week from the previous 2-3 weeks, information from the NIO App monitored by CnEVPost shows.
The NIO ES7 SUV currently has an expected delivery date of 4-6 weeks, up from about 3 weeks previously.
The NIO App is currently showing 8 models, including the old ES8, ES6 and EC6 based on the NT 1.0 platform, and the all-new ES8, ES7, EC7, ET7 and ET5 based on the NT 2.0 platform.
The EC7 and the new ES8 were launched at NIO Day 2022 held on December 24, 2022, and deliveries are set to begin in May and June, respectively.
The wait time information is unchanged today for all models except for the ES7 and ET5.
(From left to right: All-new ES8, old ES8, ES7, ES6. Screenshot on March 14.)
Yesterday, the NIO App stopped showing the expected delivery time for the ET7. There have been recent rumors that NIO may release a revamped version of its flagship sedan.
The longer wait time for vehicles could be due to increased consumer demand compared to previously, or a lack of parts availability. There is no way to tell exactly why the wait times for the NIO ES7 and ET5 have become longer.
NIO delivered 12,157 vehicles in February, up 42.92 percent from 8,506 in January and up 98.29 percent from 6,131 in the same month last year, according to data it released on March 1.
That delivery volume included 5,037 SUVs, and 7,120 sedans, NIO said. The ET7 and ET5 are sedans, all other models are SUVs.
Separately, data released by the China Passenger Car Association (CPCA) showed the ET5 delivered 6,471 units in February, the ET7 649 units and the ES6 2,848 units. Breakdown figures for other models are not available.
| Date | Model | Prev | Change | Latest |
|---|---|---|---|---|
| 03/14/23 | ET5 (NT 2.0) | 2-3 weeks | ↑ | 3-4 weeks |
| 03/14/23 | ES7 (NT 2.0) | About 3 weeks | ↑ | 4-6 weeks |
| 03/13/23 | ET7 (NT 2.0) | About 3 weeks | NA | Stop showing |
| 02/14/23 | ES7 (NT 2.0) | 3-4 weeks | ↓ | About 3 weeks |
| 02/14/23 | ET7 (NT 2.0) | 3-4 weeks | ↓ | About 3 weeks |
| 02/14/23 | ET5 (NT 2.0) | About 3 weeks | ↓ | 2-3 weeks |
| 02/6/23 | ET5 (NT 2.0) | 3-4 weeks | ↓ | About 3 weeks |
| 01/28/23 | ES7 (NT 2.0) | 2-3 weeks | ↑ | 3-4 weeks |
| 01/28/23 | ET7 (NT 2.0) | 2-3 weeks | ↑ | 3-4 weeks |
| 01/28/23 | ET5 (NT 2.0) | 7-9 weeks | ↓ | 3-4 weeks |
| 01/11/23 | ET5 (NT 2.0) | 8-10 weeks | ↓ | 7-9 weeks |
| 01/5/23 | ET5 (NT 2.0) | 9-11 weeks | ↓ | 8-10 weeks |
| 12/29/22 | ET5 (NT 2.0) | 10-12 weeks | ↓ | 9-11 weeks |
| 12/22/22 | ET5 (NT 2.0) | 12-14 weeks | ↓ | 10-12 weeks |
| 12/20/22 | ES7 (NT 2.0) | 4-6 weeks | ↓ | 2-3 weeks |
| 12/13/22 | ET5 (NT 2.0) | 13-15 weeks | ↓ | 12-14 weeks |
| 12/13/22 | ET7 (NT 2.0) | About 2 weeks | ↑ | 2-3 weeks |
| 12/13/22 | EC6 (NT 1.0) | About 2 weeks | NA | Stop showing |
| 12/2/22 | ET5 (NT 2.0) | 21-23 weeks | ↓ | 13-15 weeks |
| 11/25/22 | ES7 (NT 2.0) | 7-9 weeks | ↓ | 4-6 weeks |
| 11/25/22 | ET7 (NT 2.0) | 3-5 weeks | ↓ | About 2 weeks |
| 11/23/22 | ES8 (NT 1.0) | About 2 weeks | NA | Stop showing |
| 11/16/22 | ET7 (NT 2.0) | 4-6 weeks | ↓ | 3-5 weeks |
| 11/10/22 | ES8 (NT 1.0) | 2-3 weeks | ↓ | About 2 weeks |
| 11/10/22 | ES6 (NT 1.0) | 2-3 weeks | ↓ | About 2 weeks |
| 11/10/22 | EC6 (NT 1.0) | 2-3 weeks | ↓ | About 2 weeks |
| 11/3/22 | ES7 (NT 2.0) | 11-13 weeks | ↓ | 7-9 weeks |
| 11/3/22 | ET7 (NT 2.0) | 6-8 weeks | ↓ | 4-6 weeks |
| 11/3/22 | ES8 (NT 1.0) | 2-4 weeks | ↓ | 2-3 weeks |
| 11/3/22 | ES6 (NT 1.0) | 2-4 weeks | ↓ | 2-3 weeks |
| 11/3/22 | EC6 (NT 1.0) | 2-4 weeks | ↓ | 2-3 weeks |
| 10/31/22 | ES7 (NT 2.0) | 12-14 weeks | ↓ | 11-13 weeks |
| 10/31/22 | ES8 (NT 1.0) | 3-5 weeks | ↓ | 2-4 weeks |
| 10/31/22 | ES6 (NT 1.0) | 3-5 weeks | ↓ | 2-4 weeks |
| 10/31/22 | EC6 (NT 1.0) | 3-5 weeks | ↓ | 2-4 weeks |
| 10/21/22 | ES7 (NT 2.0) | 13-15 weeks | ↓ | 12-14 weeks |
| 10/21/22 | ET7 (NT 2.0) | 11-13 weeks | ↓ | 6-8 weeks |
| 10/21/22 | ET5 (NT 2.0) | 21-23 weeks | NA | Stop showing |
| 10/21/22 | ES8 (NT 1.0) | 4-6 weeks | ↓ | 3-5 weeks |
| 10/21/22 | ES6 (NT 1.0) | 4-6 weeks | ↓ | 3-5 weeks |
| 10/21/22 | EC6 (NT 1.0) | 4-6 weeks | ↓ | 3-5 weeks |
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The NIO ET7 delivered around 3,000 units per month for most of the second half of 2022, but only 521 and 649 units were delivered in January and February of this year, respectively.
NIO US | NIO HK | NIO SG
(From left to right: EC7, EC6, ET7, ET5. Screenshot on March 13.)
Past experience has shown that whenever NIO's mobile app stops showing the wait time for a model, it means that the improved version of the model is not far from release.
The NIO App stopped showing the expected delivery date for the electric vehicle maker's flagship sedan, the ET7, starting today, the first time the company's model wait times have changed in the past month.
The NIO App is currently showing eight models, including the old ES8, ES6 and EC6 based on the NT 1.0 platform and the new ES8, ES7, EC7, ET7 and ET5 based on the NT 2.0 platform.
The EC7 coupe SUV and the new ES8 were launched at NIO Day 2022 held on December 24, 2022, with deliveries to begin in May and June 2023, respectively.
Wait times for all other NIO models remain unchanged today. The last change to this information was on February 14, when the wait times for both the ES7 and ET7 changed from the previous 3-4 weeks to about 3 weeks, and for the ET5 from about 3 weeks to 2-3 weeks.
(From left to right: All-new ES8, old ES8, ES7, ES6. Screenshot on March 13.)
NIO's latest move comes at a time when discussions on social media about a revamped version of the ET7 are on the rise.
In several WeChat groups where CnEVPost is present, some NIO followers are already anticipating a facelift of the sedan one year since deliveries began.
Longtime NIO follower and auto blogger @肉肉爸比ev hinted on March 10 that a revamped version of the ET7 is not far away.
"Are people that concerned about the ET7 facelift? Let's just say the 2023 ET7 may be coming soon," the blogger wrote.
Changes to the new ET7 will likely not be significant, and NIO may offer upgrade options to owners of the current model, the blogger said, adding that consumers interested in the ET7 may choose to wait and see in the short term.
NIO launched the ET7, its first sedan, at the NIO Day 2020 event on January 9, 2021, with deliveries starting March 28, 2022.
In April 2022, the ET7's first full month of delivery, the sedan was ranked No. 10 in a list of premium sedans starting at more than RMB 300,000 ($43,440) by the China Passenger Car Association (CPCA) with 693 retail sales.
With increased capacity, ET7 sales continued to grow after deliveries began and reached a new monthly high of 4,349 units in June 2022.
Deliveries of the ET7 remained around 3,000 units per month for the vast majority of the second half of last year, but in December deliveries slipped to 1,379 units, missing the CPCA's ranking of premium sedan sales for the first time.
NIO stopped publishing ET7 figures in its monthly delivery figures this year, but figures released by the CPCA show that the sedan delivered 521 units in January and 649 units in February.
The CPCA's figures come from the numbers reported by carmakers, and the ET7 sales figures in its monthly rankings are consistent with the available figures previously published by NIO.
(1 $ = RMB 6.9063)
NIO ET5 drops 1 spot in ranking of top-selling premium sedans in China
| Date | Model | Latest Wait Time | Prev Wait Time |
|---|---|---|---|
| 03/13/23 | ET7 (NT 2.0) | Stop showing | About 3 weeks |
| 02/14/23 | ES7 (NT 2.0) | About 3 weeks | 3-4 weeks |
| 02/14/23 | ET7 (NT 2.0) | About 3 weeks | 3-4 weeks |
| 02/14/23 | ET5 (NT 2.0) | 2-3 weeks | About 3 weeks |
| 02/6/23 | ET5 (NT 2.0) | About 3 weeks | 3-4 weeks |
| 01/28/23 | ES7 (NT 2.0) | 3-4 weeks | 2-3 weeks |
| 01/28/23 | ET7 (NT 2.0) | 3-4 weeks | 2-3 weeks |
| 01/28/23 | ET5 (NT 2.0) | 3-4 weeks | 7-9 weeks |
| 01/11/23 | ET5 (NT 2.0) | 7-9 weeks | 8-10 weeks |
| 01/5/23 | ET5 (NT 2.0) | 8-10 weeks | 9-11 weeks |
| 12/29/22 | ET5 (NT 2.0) | 9-11 weeks | 10-12 weeks |
| 12/22/22 | ET5 (NT 2.0) | 10-12 weeks | 12-14 weeks |
| 12/20/22 | ES7 (NT 2.0) | 2-3 weeks | 4-6 weeks |
| 12/13/22 | ET5 (NT 2.0) | 12-14 weeks | 13-15 weeks |
| 12/13/22 | ET7 (NT 2.0) | 2-3 weeks | About 2 weeks |
| 12/13/22 | EC6 (NT 1.0) | Stop showing | About 2 weeks |
| 12/2/22 | ET5 (NT 2.0) | 13-15 weeks | 21-23 weeks |
| 11/25/22 | ES7 (NT 2.0) | 4-6 weeks | 7-9 weeks |
| 11/25/22 | ET7 (NT 2.0) | About 2 weeks | 3-5 weeks |
| 11/23/22 | ES8 (NT 1.0) | Stop showing | About 2 weeks |
| 11/16/22 | ET7 (NT 2.0) | 3-5 weeks | 4-6 weeks |
| 11/10/22 | ES8 (NT 1.0) | About 2 weeks | 2-3 weeks |
| 11/10/22 | ES6 (NT 1.0) | About 2 weeks | 2-3 weeks |
| 11/10/22 | EC6 (NT 1.0) | About 2 weeks | 2-3 weeks |
| 11/3/22 | ES7 (NT 2.0) | 7-9 weeks | 11-13 weeks |
| 11/3/22 | ET7 (NT 2.0) | 4-6 weeks | 6-8 weeks |
| 11/3/22 | ES8 (NT 1.0) | 2-3 weeks | 2-4 weeks |
| 11/3/22 | ES6 (NT 1.0) | 2-3 weeks | 2-4 weeks |
| 11/3/22 | EC6 (NT 1.0) | 2-3 weeks | 2-4 weeks |
| 10/31/22 | ES7 (NT 2.0) | 11-13 weeks | 12-14 weeks |
| 10/31/22 | ES8 (NT 1.0) | 2-4 weeks | 3-5 weeks |
| 10/31/22 | ES6 (NT 1.0) | 2-4 weeks | 3-5 weeks |
| 10/31/22 | EC6 (NT 1.0) | 2-4 weeks | 3-5 weeks |
| 10/21/22 | ES7 (NT 2.0) | 12-14 weeks | 13-15 weeks |
| 10/21/22 | ET7 (NT 2.0) | 6-8 weeks | 11-13 weeks |
| 10/21/22 | ET5 (NT 2.0) | Stop showing | 21-23 weeks |
| 10/21/22 | ES8 (NT 1.0) | 3-5 weeks | 4-6 weeks |
| 10/21/22 | ES6 (NT 1.0) | 3-5 weeks | 4-6 weeks |
| 10/21/22 | EC6 (NT 1.0) | 3-5 weeks | 4-6 weeks |
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The ET5 has become NIO's main seller in China, contributing 48 percent, 68 percent, and 53 percent of monthly deliveries in the past three months, respectively.
NIO US | NIO HK | NIO SG
(Image credit: NIO)
NIO (NYSE: NIO) has seen the first batch of the ET5 electric sedan arrive in Norway, with deliveries of the model in Europe set to begin this month.
"We can confirm today that the first batch of our newest car model, the NIO ET5, has arrived in Norway," NIO said in an article in its European app.
The cars are now at Birger og Haug in Aros where they are being prepared for delivery to the first customers, according to the article.
"This will be our first car below the VAT limit," the article said.
The article does not provide more details about VAT, or Merverdiavgift (MVA) in the Norwegian language. ET7 faces a 25 percent VAT in Norway, or at least NOK 21,173.
The ET5 starts at NOK 429,000 ($40,340) excluding the battery, according to the NIO Norway website. All NIO vehicles support battery swap and allow consumers to choose to include or exclude the battery when purchasing the vehicle.
(Above is the configurator information for NIO ET5 in Norway.)
(Above is the configurator information for NIO ET7 in Norway.)
NIO introduced the ET7, EL7 and ET5 to European consumers at the NIO Berlin launch event on October 7. The EL7 is known as the ES7 in China and was renamed in Europe due to a lawsuit with Audi.
Deliveries of the ET7 started in Europe as planned in October last year, with deliveries of the EL7 starting at the end of January. The planned start date for deliveries of the ET5, announced by NIO in October last year, is the end of March.
There is no more information about the ET5 in Europe, including how many units of the electric sedan NIO has sent there.
For NIO, the ET5 has been its main seller in China for the past three months.
ET5 deliveries from December to February were 7,594, 5,795 and 6,471 units, contributing 48 percent, 68 percent and 53 percent of NIO's monthly deliveries, respectively, according to data from the company and the China Passenger Car Association (CPCA) monitored by CnEVPost.
The ET5 ranked No. 7 in February in the ranking of high-end sedan sales in China with a starting price above RMB 300,000 ($43,440), according to the CPCA's list released on March 9.
The ranking dropped one spot from January, as the previously No. 7 Audi A4L outsold the ET5 with 6,935 units in February.
($1 = RMB 6.9063, $1 = NOK 10.6349)
NIO ET5 drops 1 spot in ranking of top-selling premium sedans in China
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Li Auto is aiming to build about 300 super-fast charging stations this year, and NIO also plans to add 10,000 new charging piles this year, according to local media.
LI.US | 2015.HK
(Image credit: Li Auto)
Li Auto (NASDAQ: LI) is starting to build out its charging infrastructure as its first all-electric model is set to be launched this year.
Li Auto's infrastructure build-out will enter the "NIO pace," with the company setting a goal of building about 300 super-fast charging stations within the year, with about 10 already deployed in highway service areas, a 36kr report today said, citing people familiar with the matter.
The move is in preparation for the launch of Li Auto's first all-electric model, which will be an all-electric MPV expected to be released by the end of 2023, and ultra-fast charging will be one of the highlights of the vehicle, according to the report.
Earlier this week, one of Li Auto's under-construction 800 V charging stations was seen at a highway service area in China, sparking widespread discussion in the Chinese community.
All of Li Auto's current models are extended-range electric vehicles (EREVs), which are essentially plug-in hybrids. Because these vehicles can be refueled, Li Auto has not started working on charging facilities in the past few years.
By 2025, Li Auto will have built a total of 3,000 supercharging stations, at a total cost of 10 billion yuan ($1.44 billion), Li Xiang, the company's founder, chairman and CEO, said in a media event last week.
For a company with annual revenues in the RMB 100 billion range, these costs are not as high as one might think after being spread out over five years, he said.
Li Auto is very confident about the coverage of supercharging piles along highways because China has been encouraging car companies to build supercharging stations since last year, he said.
The company's supercharging stations will be open to other models built on the 800 V platform, ensuring that each of its peer brands can also charge at a high level of efficiency, according to Li.
In China, NIO (NYSE: NIO) is one of the most aggressive car companies in building charging infrastructure.
NIO announced at NIO Day late last year that the company plans to add 400 new battery swap stations in 2023.
However, on February 21, William Li, NIO's founder, chairman and CEO, said that plan was far from enough and upped it to 1,000 stations.
"We have set a new goal of adding 1,000 new battery swap stations in 2023, for a cumulative total of more than 2,300 stations by the end of 2023," Li said in an article posted to the NIO App last month.
Of the 1,000 new stations, about 400 will be located near highway service areas or highway entrances and exits. The other 600 or so will be deployed in urban areas.
The 36kr report today quotes an NIO employee as saying that in addition to its aggressive battery swap station goal, the company also plans to add 10,000 new charging piles this year.
Those additions include superchargers and destination charging piles, covering both domestic and foreign markets, according to the report.
As of March 10, NIO had 1,321 battery swap stations in China, as well as 2,383 charging stations offering 14,054 charging piles, according to data monitored by CnEVPost.
In addition to Li Auto and NIO, their local counterpart XPeng (NYSE: XPEV) is also fast-tracking the construction of energy replenishment facilities.
On August 15, 2022, XPeng showcased its S4 Supercharging technology and announced the completion of its first S4 supercharger in Guangzhou, where it is headquartered.
This S4 fast charging pile has a maximum power of 480 kW, a maximum current of 670 A and a peak charging power of 400 kW, enabling the vehicle to obtain a CLTC range of 210 km in 5 minutes.
Last September 21, XPeng said at the G9 launch that it expects to add more than 500 S4 supercharging stations in 2023 and that the number will exceed 2,000 by 2025.
The reason for these aggressive moves is that there are limited site resources suitable for building such facilities.
Most highway service areas in China don't have much power redundancy, and after considering NIO's battery swap stations and State Grid's charging facilities, there aren't really many suitable site resources left, 36kr quoted an unnamed car company source as saying.
($1 = 6.9606 RMB)
NIO reveals aggressive plan to add 1,000 swap stations in 2023
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