Category: Nio

China NEV insurance registrations for week ending Mar 12: BYD 37,141, Tesla 17,032, NIO 2,170

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's insurance registrations last week in China were higher than the previous week's 13,266, while 's were lower than the previous week's 3,345.

 

'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.

registered 4,243 units last week, up from 3,222 units the previous week.

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.

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

Weekly NEV insurance registrations in China in 2023

WkBYDTeslaNIOXPengLi AutoBMWZeekrNEVNEV+ICE
03/06-03/1237,14117,0322,1701,6354,2431,4861,043988
02/27-03/0538,93213,2663,3451,4213,2221,6631,8144,109515116,238345,340
02/20-02/2639,47310,7053,3571,6855,3871,7921,8552,152401111,983331,238
02/13-02/1937,0265,9133,1741,4634,2382,2711,4431,038329100,408303,101
02/06-02/1231,4176,9633,0451,3964,0626825471,170NA85,572280,741
01/30-02/0524,2808,6431,9489752,2405935543,96411469,692267,843
01/23-01/295,2803,356427210990NA89NANA17,94592,600
01/16-01/2224,7087,4963,0081,0684,903NA657NANA67,500330,400
01/09-01/1540,42012,6542,9631,8174,5272,6871,35942023799,041438,000
01/02-01/0835,9242,1102,8181,5513,7042,1031,5112388077,000290,000

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NIO ES7 and ET5 wait times get longer

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.

Changes in wait times for NIO models

DateModelPrevChangeLatest
03/14/23ET5 (NT 2.0)2-3 weeks↑3-4 weeks
03/14/23ES7 (NT 2.0)About 3 weeks↑4-6 weeks
03/13/23ET7 (NT 2.0)About 3 weeksNAStop showing
02/14/23ES7 (NT 2.0)3-4 weeks↓About 3 weeks
02/14/23ET7 (NT 2.0)3-4 weeks↓About 3 weeks
02/14/23ET5 (NT 2.0)About 3 weeks↓2-3 weeks
02/6/23ET5 (NT 2.0)3-4 weeks↓About 3 weeks
01/28/23ES7 (NT 2.0)2-3 weeks↑3-4 weeks
01/28/23ET7 (NT 2.0)2-3 weeks↑3-4 weeks
01/28/23ET5 (NT 2.0)7-9 weeks↓3-4 weeks
01/11/23ET5 (NT 2.0)8-10 weeks↓7-9 weeks
01/5/23ET5 (NT 2.0)9-11 weeks↓8-10 weeks
12/29/22ET5 (NT 2.0)10-12 weeks↓9-11 weeks
12/22/22ET5 (NT 2.0)12-14 weeks↓10-12 weeks
12/20/22ES7 (NT 2.0)4-6 weeks↓2-3 weeks
12/13/22ET5 (NT 2.0)13-15 weeks↓12-14 weeks
12/13/22ET7 (NT 2.0)About 2 weeks↑2-3 weeks
12/13/22EC6 (NT 1.0)About 2 weeksNAStop showing
12/2/22ET5 (NT 2.0)21-23 weeks↓13-15 weeks
11/25/22ES7 (NT 2.0)7-9 weeks↓4-6 weeks
11/25/22ET7 (NT 2.0)3-5 weeks↓About 2 weeks
11/23/22ES8 (NT 1.0)About 2 weeksNAStop showing
11/16/22ET7 (NT 2.0)4-6 weeks↓3-5 weeks
11/10/22ES8 (NT 1.0)2-3 weeks↓About 2 weeks
11/10/22ES6 (NT 1.0)2-3 weeks↓About 2 weeks
11/10/22EC6 (NT 1.0)2-3 weeks↓About 2 weeks
11/3/22ES7 (NT 2.0)11-13 weeks↓7-9 weeks
11/3/22ET7 (NT 2.0)6-8 weeks↓4-6 weeks
11/3/22ES8 (NT 1.0)2-4 weeks↓2-3 weeks
11/3/22ES6 (NT 1.0)2-4 weeks↓2-3 weeks
11/3/22EC6 (NT 1.0)2-4 weeks↓2-3 weeks
10/31/22ES7 (NT 2.0)12-14 weeks↓11-13 weeks
10/31/22ES8 (NT 1.0)3-5 weeks↓2-4 weeks
10/31/22ES6 (NT 1.0)3-5 weeks↓2-4 weeks
10/31/22EC6 (NT 1.0)3-5 weeks↓2-4 weeks
10/21/22ES7 (NT 2.0)13-15 weeks↓12-14 weeks
10/21/22ET7 (NT 2.0)11-13 weeks↓6-8 weeks
10/21/22ET5 (NT 2.0)21-23 weeksNAStop showing
10/21/22ES8 (NT 1.0)4-6 weeks↓3-5 weeks
10/21/22ES6 (NT 1.0)4-6 weeks↓3-5 weeks
10/21/22EC6 (NT 1.0)4-6 weeks↓3-5 weeks

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NIO App no longer shows ET7 wait time as talk of revamped model heats up

The 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

Changes in wait times for NIO models

DateModelLatest Wait TimePrev Wait Time
03/13/23ET7 (NT 2.0)Stop showingAbout 3 weeks
02/14/23ES7 (NT 2.0)About 3 weeks3-4 weeks
02/14/23ET7 (NT 2.0)About 3 weeks3-4 weeks
02/14/23ET5 (NT 2.0)2-3 weeksAbout 3 weeks
02/6/23ET5 (NT 2.0)About 3 weeks3-4 weeks
01/28/23ES7 (NT 2.0)3-4 weeks2-3 weeks
01/28/23ET7 (NT 2.0)3-4 weeks2-3 weeks
01/28/23ET5 (NT 2.0)3-4 weeks7-9 weeks
01/11/23ET5 (NT 2.0)7-9 weeks8-10 weeks
01/5/23ET5 (NT 2.0)8-10 weeks9-11 weeks
12/29/22ET5 (NT 2.0)9-11 weeks10-12 weeks
12/22/22ET5 (NT 2.0)10-12 weeks12-14 weeks
12/20/22ES7 (NT 2.0)2-3 weeks4-6 weeks
12/13/22ET5 (NT 2.0)12-14 weeks13-15 weeks
12/13/22ET7 (NT 2.0)2-3 weeksAbout 2 weeks
12/13/22EC6 (NT 1.0)Stop showingAbout 2 weeks
12/2/22ET5 (NT 2.0)13-15 weeks21-23 weeks
11/25/22ES7 (NT 2.0)4-6 weeks7-9 weeks
11/25/22ET7 (NT 2.0)About 2 weeks3-5 weeks
11/23/22ES8 (NT 1.0)Stop showingAbout 2 weeks
11/16/22ET7 (NT 2.0)3-5 weeks4-6 weeks
11/10/22ES8 (NT 1.0)About 2 weeks2-3 weeks
11/10/22ES6 (NT 1.0)About 2 weeks2-3 weeks
11/10/22EC6 (NT 1.0)About 2 weeks2-3 weeks
11/3/22ES7 (NT 2.0)7-9 weeks11-13 weeks
11/3/22ET7 (NT 2.0)4-6 weeks6-8 weeks
11/3/22ES8 (NT 1.0)2-3 weeks2-4 weeks
11/3/22ES6 (NT 1.0)2-3 weeks2-4 weeks
11/3/22EC6 (NT 1.0)2-3 weeks2-4 weeks
10/31/22ES7 (NT 2.0)11-13 weeks12-14 weeks
10/31/22ES8 (NT 1.0)2-4 weeks3-5 weeks
10/31/22ES6 (NT 1.0)2-4 weeks3-5 weeks
10/31/22EC6 (NT 1.0)2-4 weeks3-5 weeks
10/21/22ES7 (NT 2.0)12-14 weeks13-15 weeks
10/21/22ET7 (NT 2.0)6-8 weeks11-13 weeks
10/21/22ET5 (NT 2.0)Stop showing21-23 weeks
10/21/22ES8 (NT 1.0)3-5 weeks4-6 weeks
10/21/22ES6 (NT 1.0)3-5 weeks4-6 weeks
10/21/22EC6 (NT 1.0)3-5 weeks4-6 weeks

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First NIO ET5 sedans arrive in Norway, deliveries set to start this month

The ET5 has become '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 to build charging stations at ‘NIO pace’, report says

is aiming to build about 300 super-fast charging stations this year, and 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 (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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CATL confirms it’s negotiating new prices with EV makers

's lithium sharing program is not for price reduction purposes, but rather the company already owns some mineral resources and doesn't want to reap windfall profits, its management said.

Last month it was reported that CATL was pushing a lithium rebate program to electric vehicle (EV) makers to drive down the cost of battery purchases for a handful of customers. Now, for the first time, the power battery giant has acknowledged the move.

CATL's lithium-sharing program is not for the purpose of lowering prices, but rather the company already owns some mineral resources and doesn't want to reap windfall profits, its management said Thursday.

The company released its 2022 annual report Thursday and held an investor call afterward in which its management made those comments, according to a meeting minutes it released today.

CATL hopes to be able to share with long-term strategic customers and is moving forward with relevant communications, the company said.

On February 17, local media outlet 36kr first reported on CATL's plan, saying it was not for all customers, but for several strategic customers including (NYSE: NIO), (NASDAQ: LI), and .

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 ($28,720) per ton of lithium carbonate for the next three years.

At the same time, automakers signing the partnership will be required to commit about 80 percent of their battery purchases to CATL, according to the report.

CATL did not confirm the report at the time, though Li Auto and NIO both mentioned the program in their respective subsequent earnings calls.

In response to the rumored new pricing arrangement, Li Auto and CATL were in negotiations, the EV maker said during an analyst call following the February 27 announcement of its fourth-quarter earnings.

Whether it's lithium price concessions or battery prices linked to raw materials, it would be good news if battery prices could be brought back to a rational range, Li Auto's management said.

Asked about the topic during a conference call on March 1, NIO's management said the company is also in the process of discussions with CATL.

"Of course, we will maintain a long-term strategic relationship with CATL, and we are discussing some new pricing mechanisms with them," said William Li, NIO founder, chairman and CEO.

Battery makers also recognize that they must share the price volatility of battery materials with car companies, Li said at the time.

Back at CATL, the company's annual report, released yesterday, showed it posted a 39 percent quarter-on-quarter increase in net profit in the fourth quarter and further improved gross margins to 22.57 percent.

CATL's management, when asked about the lithium industry overhaul in Yichun, Jiangxi, said it had essentially no impact on the company, and its projects there are moving forward as planned.

The overhaul is mainly aimed at correcting the chaos in local lithium mining, which is beneficial to compliant companies in the long run, CATL's management said.

In Yichun, nicknamed the "lithium capital of Asia," local lithium miners have shut down production for an industry-wide overhaul, Yicai reported on February 26.

Analysts fear that this may bring disruption to the lithium supply, thus halting the downward trend in lithium prices. But such fears have not materialized.

Lithium carbonate prices have continued to fall over the past two weeks, with battery-grade lithium carbonate falling to RMB 367,000 per ton on March 9 and industrial-grade lithium carbonate falling to RMB 332,500 per ton, both one-year lows.

($1 = RMB6.9643)

CATL reportedly cutting battery costs significantly for some clients including NIO, Li Auto

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NIO ET5 drops 1 spot in ranking of top-selling premium sedans in China

ET5 ranks No. 7 with 6,471 retail sales in February, surpassed by Audi A4L with 6,935 sales.

NIO.US | 9866.HK | NIO.SG

NIO's (NYSE: NIO) ET5 electric sedan slipped in a China Passenger Car Association (CPCA) sales ranking of premium sedans, as it was passed by the Audi A4L last month.

With 6,471 retail sales in February, the ET5 ranked No. 7 in China for premium sedan sales starting at more than 300,000 yuan ($43,080), according to a list released today by the China Passenger Car Association (CPCA).

The ET5 ranking dropped one spot from January as the previously No. 7 Audi A4L outsold the ET5 with 6,935 units in February.

In January, the ET5 ranked No. 6 on the list with 5,795 retail sales, while the Audi A4L was ranked No. 7 with 4,943 units.

The ET5 is the cheapest in the NIO product array, with a starting price of RMB 328,000. Deliveries of the model began on September 30, 2022.

NIO delivered 12,157 vehicles in February, including 5,037 SUVs, and 7,120 sedans.

Considering that NIO's sedans include only the ET7 and ET5, this means that ET7 delivered 649 units in February.

The ET7 has failed to make the list for the past two months, and the flagship NIO sedan had 1,379 deliveries in December, when it ranked No. 10.

The Audi A6L was the best-selling premium sedan in China in February, with 12,167 units sold, and the top spot on the list in January was the BMW 5 Series.

The Mercedes-Benz E-Class and Mercedes-Benz C-Class came in second and third with 12,153 and 11,869 units respectively in February.

The BMW 5 Series and BMW 3 Series ranked fourth and fifth in February with 9,609 and 8,868 units respectively. The BMW 3 Series BEV ranked 8th with 2,976 units.

In January-February, the NIO ET5 ranked 6th with 12,266 units sold.

The Mercedes-Benz E-Class was the best-selling premium sedan in China in the first two months, with 26,696 units sold. The BMW 5 Series ranked second with 25,737 units.

The Audi A6L was No. 3 with 24,632 units, the Mercedes-Benz C-Class was No. 4 with 17,762 units and the BMW 3 Series was No. 5 with 16,627 units.

The Audi A4L ranked 7th with 11,878 units sold in January-February and the BMW 3 Series BEV ranked 8th with 6,600 units.

($1 = RMB 6.9661)

NIO ET5 ranks No. 6 on list of best-selling premium sedans in China in Jan

Top-selling premium sedans at retail in China in Feb 2023

RankingModelFeb 2023Feb 2022YoY
1Audi A6L12,1678,15349.2%
2Mercedes-Benz E-Class12,1539,37829.6%
3Mercedes-Benz C-Class11,8695,298124.0%
4BMW 5 Series9,6099,3522.7%
5BMW 3 Series8,86810,185-12.9%
6Audi A4L6,9359,460-26.7%
7NIO ET56,471NANA
8BMW 3 Series BEV2,976NANA
9Volvo S902,8931,66673.6%
10Hongqi H91,1591,477-21.5%

Top-selling premium sedans at retail in China in Jan-Feb 2023

RankingModelJan-Feb 2023Jan-Feb 2022YoY
1Mercedes-Benz E-Class26,69630,398-12.2%
2BMW 5 Series25,73735,444-27.4%
3Audi A6L24,63221,22016.1%
4Mercedes-Benz C-Class17,76215,57114.1%
5BMW 3 Series16,62734,581-51.9%
6NIO ET512,266NANA
7Audi A4L11,87826,204-54.7%
8BMW 3 Series BEV6,600NANA
9Volvo S905,1744,55213.7%
10Hongqi H91,9624,563-57.0%

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Regulatory filing: NIO ET5 shooting brake coming

management previously hinted that the NIO ET5 shooting brake could begin deliveries in China in July.

The NIO ET5 shooting brake has appeared in a regulatory directory in China, with the model just months away from its official launch.

The Chinese Ministry of Industry and Information Technology (MIIT) today announced the latest batch of models that will be allowed to be sold in China, and NIO's new ET5 is included.

The public can submit their feedback on the list between March 9 and March 15. Entry into the list is the last major regulatory process before a model is allowed to be sold in China.

The page for the new ET5 shows what the shooting brake variant of the sedan looks like, with the overall style continuing from the ET5 sedan.

The length, width and height of the NIO ET5 shooting brake are 4,790 mm, 1,960 mm and 1,499 mm respectively, and the wheelbase is 2,888 mm, which is the same as the ET5 sedan.

The 001, currently the best-known shooting brake model in China, has a length, width and height of 4,970 mm, 1,999 mm and 1,548 mm, respectively, and a wheelbase of 3,005 mm.

The NIO ET5 shooting brake is equipped with dual motors produced by NIO's electric drive systems division in Hefei, Anhui province, with a maximum power of 150 kW and 210 kW, respectively, and can support a top speed of 200 km/h.

Like several other NIO models based on the NT 2.0 platform, the NIO ET5 shooting brake supports the option of a retractable electric towing hitch, which can tow up to 1,400 kg of caravan weight.

Battery suppliers for the model include CALB in addition to , as do the new EC6, EC7, new ES8 and new ES6.

NIO's original plan was to begin deliveries of five models in the first half of the year, including the EC7 coupe SUV and the new ES8, which were already launched at NIO Day at the end of last year and were set to begin deliveries in May and June, respectively.

William Li, NIO founder, chairman and CEO, said during an analyst call earlier this month after announcing its fourth-quarter earnings that the company's original plan was to begin deliveries of five new models in the second quarter, but later recognized the need to give each vehicle slightly more time to ensure quality at launch.

"In the second quarter of this year, we will start deliveries of four new models, including the ES6, which is our most important model, as per our latest plan so far," Li said.

NIO will also begin deliveries of the fifth new model of the year in July, which may this a little later than originally planned, he said.

Other than the new ES6, Li did not mention specific models.

What can be expected is that in addition to the EC7, the new ES8 and the new ES6, deliveries of the new EC6 will also begin in the second quarter, and the ET5 shooting brake will probably be the model that the company will start delivering in July.

NIO's new ES8 entered China's regulatory catalog in December last year, EC7 and the new ES6 and both in January this year, EC6 was in February.

The NIO ET5 shooting brake will be launched in Europe in a few months, according to previous comments from the company's management.

NIO will launch a shooting brake version of the ET5, a sister model of the ET5, in June or July of this year, said Qin Lihong, co-founder and president of the electric vehicle maker, at an event in January.

The shooting brake variant of the ET5, which is developed for European consumers, will debut in Europe, Qin said at the time.

Shooting brake models have a large market in Europe, while sales of the sedan are low, which is the opposite of the situation in China, he said.

"Derivatives of sedans are a niche market in China, but the opposite is true in Europe. We don't see many real sedans in Europe," he said.

In the Chinese market, shooting brake models are a niche market.

However, the success of the Zeekr 001, the first model of 's Zeekr brand, has made such models increasingly popular.

For the full year 2022, Zeekr delivered 71,941 Zeekr 001s, reaching its goal of delivering 70,000 vehicles for the year.

Full text: NIO Q4 earnings call transcript

The post Regulatory filing: NIO ET5 shooting brake coming appeared first on CnEVPost.

For more articles, please visit CnEVPost.

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