Category: Nio

NIO keeps goal of doubling sales this year despite price war causing greater challenges

NIO maintains its previously mentioned goal of doubling sales, despite greater challenges to meet the goal, said William Li.

NIO keeps goal of doubling sales this year despite price war causing greater challenges-CnEVPost

(William Li (left), founder, chairman and CEO of NIO, and Qin Lihong, co-founder and president of the company, participate in a media group interview. Photo taken by CnEVPost.)

NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chinese auto industry in the first quarter.

NIO maintains its previously mentioned goal of doubling sales, though the challenge to meet that goal is greater, William Li, the electric vehicle (EV) maker's founder, chairman and CEO, said in an interview in response to questions from CnEVPost.

The price war has had a big impact on the auto industry, and NIO will not follow suit. Instead, it adjusted the benefits offered to consumers, which can be seen as a price increase, Li mentioned in the group interview on April 17 on the eve of the Shanghai auto show.

What NIO really cares about is creating value for users, not simply lowering prices, Li said, adding that companies that start price wars usually don't get the results they want because it leads to damage to the interests of existing vehicle owners and won't win the future.

In the short term, NIO will face some pressure as a result, he said.

NIO delivered a total of 122,486 vehicles in 2022, up 34 percent from 91,429 in 2021. The doubling of sales means that NIO is expected to deliver about 240,000 vehicles this year.

Li said in a March 1 analyst call following NIO's fourth-quarter earnings announcement that the company is aiming to see sales double this year compared to last year.

"Our team is very confident in that," Li said at the time.

In a March 22 interview with Bloomberg TV, NIO CFO Steven Feng said the company is very confident it will meet its sales target in 2023.

NIO delivered 31,041 vehicles in the first quarter, which means it needs to deliver more than 23,000 vehicles each month on average for the rest of the year to meet its full-year goal.

NIO keeps goal of doubling sales this year despite price war causing greater challenges-CnEVPost

At the time Li mentioned the target on March 1, only a handful of NEV makers had cut prices in China.

However, some internal combustion engine automakers then began offering steep discounts, and a wave of price cuts quickly swept through the industry.

Rather than boosting vehicle sales significantly, the rare price war has led to increased consumer's wait-and-see sentiment.

On March 22, the China Association of Automobile Manufacturers (CAAM) called for the hype about this round of price cuts in China's auto industry to cool down as soon as possible, so that the industry can return to normal operation and ensure healthy and stable development throughout the year.

In March, retail sales of new energy passenger vehicles in China were 543,000 units, up a modest 21.9 percent year-on-year and 23.6 percent from February, according to data released by the China Passenger Car Association (CPCA) on April 10.

This is lower than the CPCA's preliminary figure of 549,000 units released on April 6, and lower than the 560,000 units it had forecast in its March 25 report.

The price cuts by some NEV companies may have triggered a wait-and-see mood among consumers, the CPCA said at the time.

For the overall passenger car market, retail sales in March were 1.587 million units, up 0.3 percent from a year earlier and up 14.3 percent from February. In the January-March period, retail sales in China's auto industry were 4.261 million units, down 13.4 percent from a year earlier.

Li also said in the interview that the decline in Chinese auto sales in the first quarter reflected a strong consumer wait-and-see sentiment.

He also mentioned that the company maintained its target of achieving profitability for its core NIO brand in the fourth quarter of this year, excluding investment in innovative businesses.

Lithium prices are falling faster than expected, and NIO's costs will fall as future deliveries rise, Li said.

As of April 17, the average price of battery-grade lithium carbonate had fallen to RMB 187,500 per ton in China, and the average price of industrial-grade lithium carbonate fell to RMB 140,000 per ton, according to data from Mysteel.

NIO keeps goal of doubling sales this year despite price war causing greater challenges-CnEVPost

NIO ET5 ranks 7th in top-selling premium sedan list in China with 6,437 Mar sales

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Shanghai auto show: Deutsche Bank’s preview

While auto shows have generally started to lose some significance as automakers turn to dedicated launch events, this year's Shanghai auto show could be an exception, said Deutsche Bank analyst Edison Yu's team.

(A file photo taken by CnEVPost at the Shanghai auto show two years ago shows an ET7 wrapped in a blanket.)

The Shanghai auto show will begin in less than 10 hours, and it will be interesting to know what analysts expect from the event.

"While auto shows have generally started to lose some significance as OEMs shifted to dedicated launch events, this year's Shanghai Auto Show (starts officially tomorrow) could be an exception," Deutsche Bank analyst Edison Yu's team said in a research note sent to investors today.

Most notably, this will be the first auto show since Covid reopened, bringing together many executives and industry observers from overseas for the first time in years, the team said.

Product cycles for electric vehicles are significantly faster compared to internal combustion engine vehicles, as automakers struggle to maintain customer attention and loyalty, meaning many of the vehicles unveiled at the show will begin delivery in short order, the team noted.

NIO (NYSE: NIO), (NYSE: XPEV) and (NASDAQ: LI) all have new announcements coming this week, with NIO set to officially unveil its new ES6, historically its best-selling SUV, Yu's team wrote.

NIO's sales have been sluggish in recent months due to customer expectations of a platform changeover, so the new ES6 will be a very important product, with deliveries likely to begin in June, the team said.

In addition to the new ES6, NIO will also unveil the new ET7 at the Shanghai auto show, the flagship sedan whose sales in the past few months have been well below its performance in the second half of last year.

The updated version of the NIO ET7 will feature some improvements to its interior and deliveries are expected to begin in a few months, Yu's team said.

For XPeng, it will unveil its G6 SUV at the show, which Yu's team believes is the most important model for the company's ambition to reignite volume growth.

"Pricing details will likely not be finalized though as management gauges the initial consumer response. Deliveries are set to begin in June," the team wrote.

Li Auto will launch its dual-energy strategy by unveiling its all-electric solution tomorrow.

The company's first BEV will be a premium MPV and production is expected to begin by the end of this year, Yu's team noted.

Li Auto management recently said it plans to spend RMB 10 billion yuan to build 3,000 supercharging stations by 2025, and further details of this roadmap are to be expected, the team said.

In addition to these three Chinese upstarts, traditional Chinese OEMs have been very active over the past year, the team said.

So far, GAC and have been the most consistent in terms of volume, according to the team.

Zeekr plans to bring the recently launched Zeekr X compact SUV to Europe along with the Zeekr 001 shooting brake model, and more details on the European strategy will be provided this week.

Also, BYD has been quite active, showing off its new Yangwang U9 electric supercar with the new DiSus-X body control system last week.

This week, BYD will unveil the Song L BEV and also begin taking pre-orders for the U8, a premium off-road SUV.

" The company is clearly trying to move upmarket by establishing bold 'halo' vehicles for its new brand," Yu's team wrote.

BYD also announced that the Dolphin and Seal BEVs will be available in Europe later this year. Both models will be smaller and cheaper and should compete more effectively in the low end of mass market, the team said.

In addition to local Chinese carmakers, global OEMs are also showing off new products, and upcoming new models will include the Polestar 4, Smart #3, Lexus LM and Maybach SUV BEV, the team noted.

Shanghai auto show: Full schedule of 150 press conferences for exhibitors

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Shanghai auto show: Deutsche Bank’s preview

While auto shows have generally started to lose some significance as automakers turn to dedicated launch events, this year's Shanghai auto show could be an exception, said Deutsche Bank analyst Edison Yu's team.

(A file photo taken by CnEVPost at the Shanghai auto show two years ago shows an ET7 wrapped in a blanket.)

The Shanghai auto show will begin in less than 10 hours, and it will be interesting to know what analysts expect from the event.

"While auto shows have generally started to lose some significance as OEMs shifted to dedicated launch events, this year's Shanghai Auto Show (starts officially tomorrow) could be an exception," Deutsche Bank analyst Edison Yu's team said in a research note sent to investors today.

Most notably, this will be the first auto show since Covid reopened, bringing together many executives and industry observers from overseas for the first time in years, the team said.

Product cycles for electric vehicles are significantly faster compared to internal combustion engine vehicles, as automakers struggle to maintain customer attention and loyalty, meaning many of the vehicles unveiled at the show will begin delivery in short order, the team noted.

NIO (NYSE: NIO), (NYSE: XPEV) and (NASDAQ: LI) all have new announcements coming this week, with NIO set to officially unveil its new ES6, historically its best-selling SUV, Yu's team wrote.

NIO's sales have been sluggish in recent months due to customer expectations of a platform changeover, so the new ES6 will be a very important product, with deliveries likely to begin in June, the team said.

In addition to the new ES6, NIO will also unveil the new ET7 at the Shanghai auto show, the flagship sedan whose sales in the past few months have been well below its performance in the second half of last year.

The updated version of the NIO ET7 will feature some improvements to its interior and deliveries are expected to begin in a few months, Yu's team said.

For XPeng, it will unveil its G6 SUV at the show, which Yu's team believes is the most important model for the company's ambition to reignite volume growth.

"Pricing details will likely not be finalized though as management gauges the initial consumer response. Deliveries are set to begin in June," the team wrote.

Li Auto will launch its dual-energy strategy by unveiling its all-electric solution tomorrow.

The company's first BEV will be a premium MPV and production is expected to begin by the end of this year, Yu's team noted.

Li Auto management recently said it plans to spend RMB 10 billion yuan to build 3,000 supercharging stations by 2025, and further details of this roadmap are to be expected, the team said.

In addition to these three Chinese upstarts, traditional Chinese OEMs have been very active over the past year, the team said.

So far, GAC and have been the most consistent in terms of volume, according to the team.

Zeekr plans to bring the recently launched Zeekr X compact SUV to Europe along with the Zeekr 001 shooting brake model, and more details on the European strategy will be provided this week.

Also, BYD has been quite active, showing off its new Yangwang U9 electric supercar with the new DiSus-X body control system last week.

This week, BYD will unveil the Song L BEV and also begin taking pre-orders for the U8, a premium off-road SUV.

" The company is clearly trying to move upmarket by establishing bold 'halo' vehicles for its new brand," Yu's team wrote.

BYD also announced that the Dolphin and Seal BEVs will be available in Europe later this year. Both models will be smaller and cheaper and should compete more effectively in the low end of mass market, the team said.

In addition to local Chinese carmakers, global OEMs are also showing off new products, and upcoming new models will include the Polestar 4, Smart #3, Lexus LM and Maybach SUV BEV, the team noted.

Shanghai auto show: Full schedule of 150 press conferences for exhibitors

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For more articles, please visit CnEVPost.

NIO’s 1st 15 ultra-fast 500 kW charging stations go into operation

The 500 kW chargers can charge an EV from 10 percent to 80 percent in as little as 20 minutes for a 400V model and 12 minutes for an 800V model.

NIO's 1st 15 ultra-fast 500 kW charging stations go into operation-CnEVPost

(Image credit: CnEVPost)

NIO's first 500 kW ultra-fast chargers are now in operation after its first third-generation battery swap stations went live last week.

The electric vehicle (EV) maker announced the development today, saying the first 500 kW ultra-fast charging stations are put into operation in 12 cities including Haikou, Shenzhen, Shanghai and Qingdao, and three highway service areas.

500 kW is the peak power of the charging facility, which has a maximum charging current of 660 A, and NIO said the performance far exceeds that of other supercharging stations currently in the electric vehicle industry.

In charging an EV from 10 percent to 80 percent with the charger, it takes as little as 20 minutes for a 400V model and 12 minutes for an 800V model, NIO said.

NIO's 1st 15 ultra-fast 500 kW charging stations go into operation-CnEVPost

The company equipped the facility with an ultra-lightweight liquid-cooled cable it developed in-house that weighs less than half of a traditional cable and can be easily operated with one hand, it said.

The charging pile has a 15.6-inch high-definition retina screen that makes it easy for users to view operational procedures and charging information, NIO said.

NIO unveiled the charger, along with the third-generation battery swap station, at the NIO Day event last December 24, and the first 10 third-generation swap stations went into operation on April 13.

The 500 kW ultra-fast charger and the third-generation battery swap stations form a new generation of all-in-one stations that intelligently allocate power, allowing the ultra-fast charger to perform more efficiently and consistently, according to NIO.

At the same time, thanks to the battery swap stations' high charge and powerful energy storage capacity, this becomes the easiest ultra-fast charging product to deploy under the same grid distribution conditions, the company said.

NIO's 1st 15 ultra-fast 500 kW charging stations go into operation-CnEVPost

NIO previously announced a goal to add 1,000 new battery swap stations this year to bring the total number of the facility in China to 2,300. It also hopes to add 10,000 charging piles in China this year, including supercharging piles as well as destination charging piles.

As of April 17, NIO had 1,352 battery swap stations in China, as well as 2,488 charging stations offering 14,768 charging piles.

NIO's 1st 10 3rd-gen swap stations go into operation

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NIO’s 1st 15 ultra-fast 500 kW charging stations go into operation

The 500 kW chargers can charge an EV from 10 percent to 80 percent in as little as 20 minutes for a 400V model and 12 minutes for an 800V model.

NIO's 1st 15 ultra-fast 500 kW charging stations go into operation-CnEVPost

(Image credit: CnEVPost)

NIO's first 500 kW ultra-fast chargers are now in operation after its first third-generation battery swap stations went live last week.

The electric vehicle (EV) maker announced the development today, saying the first 500 kW ultra-fast charging stations are put into operation in 12 cities including Haikou, Shenzhen, Shanghai and Qingdao, and three highway service areas.

500 kW is the peak power of the charging facility, which has a maximum charging current of 660 A, and NIO said the performance far exceeds that of other supercharging stations currently in the electric vehicle industry.

In charging an EV from 10 percent to 80 percent with the charger, it takes as little as 20 minutes for a 400V model and 12 minutes for an 800V model, NIO said.

NIO's 1st 15 ultra-fast 500 kW charging stations go into operation-CnEVPost

The company equipped the facility with an ultra-lightweight liquid-cooled cable it developed in-house that weighs less than half of a traditional cable and can be easily operated with one hand, it said.

The charging pile has a 15.6-inch high-definition retina screen that makes it easy for users to view operational procedures and charging information, NIO said.

NIO unveiled the charger, along with the third-generation battery swap station, at the NIO Day event last December 24, and the first 10 third-generation swap stations went into operation on April 13.

The 500 kW ultra-fast charger and the third-generation battery swap stations form a new generation of all-in-one stations that intelligently allocate power, allowing the ultra-fast charger to perform more efficiently and consistently, according to NIO.

At the same time, thanks to the battery swap stations' high charge and powerful energy storage capacity, this becomes the easiest ultra-fast charging product to deploy under the same grid distribution conditions, the company said.

NIO's 1st 15 ultra-fast 500 kW charging stations go into operation-CnEVPost

NIO previously announced a goal to add 1,000 new battery swap stations this year to bring the total number of the facility in China to 2,300. It also hopes to add 10,000 charging piles in China this year, including supercharging piles as well as destination charging piles.

As of April 17, NIO had 1,352 battery swap stations in China, as well as 2,488 charging stations offering 14,768 charging piles.

NIO's 1st 10 3rd-gen swap stations go into operation

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Shanghai auto show: Here’s what you can expect from NIO

NIO revealed 9 highlights of what it will be sharing at the event on the eve of the Shanghai auto show.  |  NIO US | NIO HK | NIO SG

NIO (NYSE: NIO) has announced on the eve of the Shanghai auto show what it will share at the event, showing what you can expect.

The most important of these are undoubtedly the new ES6 and the ET7, and they are important for NIO's future sales growth.

Here are 9 highlights that NIO announced late last night that it will share at the Shanghai auto show.

New models

The new ES6 with Banyan intelligent system will debut, and the 2023 ET7 will be officially unveiled.

Shanghai auto show: Here's what you can expect from NIO-CnEVPost

(Image credit: NIO)

New technology experience

At the NIO Innovations area, visitors can experience the 3D Dolby panoramic sound of The Wandering Earth 2 in the Pano Cinema digital cockpit, but also experience the Aquila super-sensing system in real-time.

Shanghai auto show: Here's what you can expect from NIO-CnEVPost

Supercar EP9

The electric supercar EP9 has set the fastest lap times at several of the world's top tracks with its extreme performance.

Three record-breaking EP9s will be on display at the show.

Shanghai auto show: Here's what you can expect from NIO-CnEVPost

New battery swap experience

NIO's third-generation battery swap station will be present at the show floor and demonstrate the full battery swap process.

The full range of NIO charging products, including the 500 kW ultra-fast charger, and the NIO Power Cloud, will also be on display.

Shanghai auto show: Here's what you can expect from NIO-CnEVPost

New Seeds talk

From April 22-23, Seeds, NIO's knowledge-sharing platform, will have a new sharing session at the booth.

Tim Pan, ET7 owner and founder of Media Storm, will be the initiator of the conversation with 4 guests.

Shanghai auto show: Here's what you can expect from NIO-CnEVPost

New products from NIO Life

NIO Life will launch four new product lines, including the first furniture line under Blue Sky Lab.

Shanghai auto show: Here's what you can expect from NIO-CnEVPost

Creation by NIO users

On the second floor of the NIO booth, over 20 pieces of photography, sound, and art pieces created by NIO users will be on display.

Shanghai auto show: Here's what you can expect from NIO-CnEVPost

New user interaction

Over 300 vehicle owner volunteers from more than 30 cities will help answer visitors' questions and help more people learn about NIO.

Owner Benefit Partners will provide exclusive benefit vouchers for meals and excursions in Shanghai.

Shanghai auto show: Here's what you can expect from NIO-CnEVPost

New mystery box benefits

NIO has prepared mystery boxes on-site where visitors can scan the QR code on the booth for a chance to win a gift.

These gifts include vehicle use vouchers worth up to about RMB 8,000, 1,888 NIO points, and auto show limited drink vouchers.

Shanghai auto show: Here's what you can expect from NIO-CnEVPost

The Shanghai auto show will be held from April 18 - 27, with media days from April 18 - 19, professional visitor days from April 20 - 21, and general public admission from April 22 - 27.

The show will be held at the National Exhibition and Convention Center in Shanghai, and NIO's booth is 6A01 in Hall 6.1, where it will have a press event on April 18 starting at 10:00.

Pictures obtained by CnEVPost show that NIO's pavilion is almost ready.

William Li, founder, chairman and CEO of NIO, and Qin Lihong, co-founder and president of the company, will be available for face-to-face interviews with the media, including CnEVPost, later today.

Shanghai auto show: Here's what you can expect from NIO-CnEVPost

Shanghai auto show: Here's what you can expect from NIO-CnEVPost

NIO to launch new ET7 at Shanghai auto show besides new ES6

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NIO ES7 wait time gets longer

The expected delivery date for the NIO ES7 is now 3-5 weeks, up from about 2 weeks previously, information from the NIO App monitored by CnEVPost shows.  |  NIO US | NIO HK | NIO SG

NIO ES7 wait time gets longer-CnEVPost

(From left to right: All-new ES8, old ES8, ES7, ES6. Screenshot on April 17.)

The ES7 SUV, one of two major models currently being delivered by NIO (NYSE: NIO), has seen a longer wait in China.

The expected delivery date for the NIO ES7 is now 3-5 weeks, up from about 2 weeks previously, information from the NIO App monitored by CnEVPost shows.

The last change in the SUV's wait time information was on April 10, when it was shortened from about 3 weeks to about 2 weeks.

Waiting time information for all other NIO models remains unchanged today.

The NIO App is currently showing 8 models, including the 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.

Among these models, only ES7 and ET5 are the ones NIO is mainly delivering. Its NT 1.0 platform models are being phased out, and deliveries of the EC7 and the new ES8 will start in May and June this year respectively, with the new ES6 and ET7 facelift to be unveiled tomorrow.

On April 14, the NIO App stopped showing wait times for the ES6 SUV, even though the NT 1.0 model had stopped receiving custom orders months ago.

The full range of NIO models with Banyan intelligent system will be presented on April 18, the new ES6 will debut and the 2023 ET7 will be officially unveiled, NIO said on April 11.

The upcoming biennial Shanghai auto show will be held from April 18 - 27, with April 18 - 19 being the media days, April 20 - 21 being the professional visitors' days, and the general public being admitted from April 22 - 27.

The show will be held at the National Exhibition and Convention Center in Shanghai and NIO's booth is 6A01in Hall 6.1, where it will hold a launch event on April 18 starting at 10:00.

NIO ES7 wait time gets longer-CnEVPost

(From left to right: EC7, EC6, ET7, ET5. Screenshot on April 17.)

NIO to launch new ET7 at Shanghai auto show besides new ES6

Changes in wait times for NIO models

DateModelPrevChangeLatest
04/17/23ES7 (NT 2.0)About 2 weeks↑3-5 weeks
04/14/23ES6 (NT 1.0)About 2 weeksNAStop showing
04/10/23ET5 (NT 2.0)About 3 weeks↓About 2 weeks
04/10/23ES7 (NT 2.0)About 3 weeks↓About 2 weeks
03/28/23ET5 (NT 2.0)3-4 weeks↓About 3 weeks
03/28/23ES7 (NT 2.0)4-6 weeks↓About 3 weeks
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 swap stations with Sinopec reach 102 as partnership turns 2 years old

The number of battery swap stations and charging stations built by NIO and Sinopec reached 251, including 102 battery swap stations, 121 supercharging stations and 28 destination charging stations.

NIO swap stations with Sinopec reach 102 as partnership turns 2 years old-CnEVPost

(Image credit: NIO)

NIO (NYSE: NIO) and Chinese fossil fuel giant Sinopec Group have built more than 100 battery swap stations together, as their partnership turns two years old.

On the second anniversary of the strategic partnership between NIO and Sinopec on April 15, the first two third-generation battery swap stations built by the two companies were put into operation, the electric vehicle company announced today.

To date, NIO has built 251 charging stations and battery swap stations in partnership with Sinopec, with an average of one station coming online every three days, NIO said.

These stations include 102 battery swap stations, 121 supercharging stations and 28 destination charging stations, covering 27 provincial administrative regions and 89 cities.

NIO swap stations with Sinopec reach 102 as partnership turns 2 years old-CnEVPost

The partnership between NIO and Sinopec is a milestone for the development of China's smart electric vehicle industry. Both companies will continue to efficiently integrate resources to further provide users with a better charging experience and contribute to carbon peaking and carbon neutrality, NIO said.

On April 15, 2021, NIO and Sinopec signed a strategic cooperation agreement to jointly build charging and battery swap infrastructure.

At that time, the first NIO second-generation swap station was opened at a Sinopec gas station area in Beijing in the presence of both parties.

NIO swap stations with Sinopec reach 102 as partnership turns 2 years old-CnEVPost

On April 15 last year, the first anniversary of the partnership, the number of battery swap stations and charging stations they have built together reached 175, including 71 battery swap stations, 75 supercharging stations and 29 destination charging stations.

As of April 14, NIO has 1,344 battery swap stations and 2,455 charging stations in China providing 14,584 charging piles. Its charging map also has access to more than 680,000 third-party charging stations in China.

NIO has not yet announced its latest number of battery swap stations as of today.

On April 12, NIO's first 10 third-generation battery swap stations went live in 10 Chinese cities, marking the start of its aggressive infrastructure build-out this year.

NIO announced plans late last year to add 400 battery swap stations in 2023, but that plan was raised to 1,000 on February 21.

William Li, NIO's founder, chairman and CEO, said at the time that the company would further accelerate the deployment of battery swap stations, aiming to have more than 2,300 battery swap stations in China by the end of 2023.

NIO's 1st 10 3rd-gen swap stations go into operation

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Shanghai auto show: Full schedule of 150 press conferences for exhibitors

NIO will hold 2 press conferences on April 18 from 10:00-10:20 and on April 19 from 14:00-14:30.

Shanghai auto show: Complete map about exhibitors' booths-CnEVPost

As the first major auto show after the Covid opening in China, the Shanghai auto show, which will start next week, is highly anticipated, with more than 100 press conferences by car companies and supply chain players on media days.

The show will be held at the National Exhibition and Convention Center from April 18-27, with media days from April 18-19 and professional visitor days from April 20-21, while the general public can enter from April 22-27.

From April 18 to April 19, car companies and other exhibitors will hold 150 press conferences, according to information released yesterday by Shanghai auto show organizers.

NIO (NYSE: NIO), whose booth is 6A01 in Hall 6.1, will hold one press conference on April 18 from 10:00-10:20 and one on April 19 from 14:00-14:30, according to the information, which has not been officially announced by NIO.

(NYSE: XPEV), whose booth is 6A08 in Hall 6.1, will hold its press event on April 18 from 09:40-10:00.

XPeng announced yesterday that it will debut its next production model on the morning of April 18, with a live broadcast to air from 09:40 - 10:00 am Beijing time.

XPeng didn't mention the model's name, but it's apparently the G6, an SUV that will compete with the Model Y.

(NASDAQ: LI), whose booth is 6A04, also located in Hall 6.1, will hold a press event on April 18 from 09:20 - 09:40.

BYD (OTCMKTS: BYDDY) will be at booth 7A06 in Hall 7.1, and will hold a presentation on April 18 from 10:20-10:40.

BYD's high-end Yangwang brand's booth is 8A05 in Hall 8.1, and it will hold its event on April 18 from 09:40-10:00.

's booth is 6A07, located in Hall 6.1, and it will hold a presentation on April 18 from 10:40-11:00.

's booth is 6A11, located in Hall 6.1, and it will launch on April 18 from 11:20-11:40.

The auto show attracted more than 1,000 companies with a total exhibition area of over 360,000 square meters.

Thirteen indoor halls of the National Exhibition and Convention Center were used, including nine passenger car halls -- 3H, 4.1H, 5.1H, 6.1H, 6.2H, 7.1H, 7.2H, 8.1H and 8.2H.

Automotive technology and supply chain companies are in 3 halls -- 1.2H, 2.1H , 2.2H. 5.2H is the media area.

Below table is the schedule of all 150 conferences compiled by CnEVPost based on the information provided by the organizers of Auto Shanghai 2023.

Shanghai auto show: Complete map about exhibitors' booths

Shanghai auto show exhibitors' press conference schedule

HallExhibitorBoothDateTime
Hall 1.2Antolin1BC01018-Apr15:00-15:30
Hall 1.2Changan1BC01318-Apr14:00-14:30
Hall 1.2Mingxin Automotive1BC01619-Apr14:00-14:20
Hall 1.2Baosteel 1BF00319-Apr9:30-10:00
Hall 1.2Forvia1BF00519-Apr10:00-10:30
Hall 1.2ZF1BF00618-Apr13:00-13:30
Hall 1.2Midea Welling1BF01919-Apr10:00-10:30
Hall 1.2Sunwoda1BH00218-Apr15:00-15:30
Hall 1.2Sunwoda1BH00220-Apr15:00-15:30
Hall 1.2ElringKlinger1BH00819-Apr14:00-14:30
Hall 2.1Didi Autonomous Driving2AC00818-Apr10:00-11:00
Hall 2.1Global Technology2AF00820-Apr9:00-12:00
Hall 2.1Bynav Technology2AH00220-Apr10:30-11:00
Hall 2.2Raythink2BA00619-Apr14:00-14:30
Hall 2.2Benewake2BA00819-Apr10:00-10:30
Hall 2.2LiangDao2BA01219-Apr11:00-11:30
Hall 2.2LeiShen Intelligence2BA013b19-Apr11:30-12:00
Hall 2.2LeiShen Intelligence2BA013b20-Apr10:30-11:00
Hall 2.2Mxnavi2BAO16B20-Apr14:00-14:30
Hall 2.2Leekr2BB00118-Apr13:30-14:00
Hall 2.2EVK2BB007B18-Apr11:30-11:50
Hall 2.2Valeo2BC 00519-Apr12:00-12:30
Hall 2.2Continental2BC 00719-Apr9:40- 10:10
Hall 2.2Mobis2BC 00919-Apr10:30-11:00
Hall 2.2Westwell2BC00118-Apr10:00-10:30
Hall 2.2NavInfo2BC00318-Apr14:30-15:00
Hall 2.2Webasto2BC00618-Apr13:00-13:30
Hall 2.2Desay SV2BC00818-Apr10:30-11:00
Hall 2.2Zhuzhou CRRC Times Electric2BD00118-Apr9:30-10:00
Hall 2.2Autoliv2BD00319-Apr13:00-13:30
Hall 2.2Schaeffler2BD00518-Apr13:30-14:00
Hall 2.2BorgWarner2BD006A18-Apr14:00-14:30
Hall 2.2Freetech2BD01019-Apr13:30-14:00
Hall 2.2Highly New Energy2BE00218-Apr11:00-11:30
Hall 2.2Chuhang Technology 2BF003A19-Apr15:00-15:30
Hall 2.2Hongjing Drive2BF01319-Apr10:00-10:30
Hall 2.2Appotronics2BF02218-Apr15:30-16:00
Hall 2.2Appotronics2BF02219-Apr11:30-12:00
Hall 2.2Appotronics2BF02219-Apr15:30-16:00
Hall 2.2Tanway2BG00319-Apr10:00-10:30
Hall 3SAIC Maxus3A0318-Apr11:10-11:30
Hall 3IM Motors3A0418-Apr10:00-11:00
Hall 3IM Motors3A0418-Apr14:00-14:30
Hall 3Rising Auto3A0618-Apr13:30-14:00
Hall 3SAIC MG3A0718-Apr13:00-13:30
Hall 3SAIC Audi3A1018-Apr11:30-11:50
Hall 4.1Smart4A0118-Apr11:40-12:00
Hall 4.1Denza4A0318-Apr11:20-11:40
Hall 4.1Bejing Hyundai4A0418-Apr10:20-10:40
Hall 4.1Jiangling4A0518-Apr09:20-09:40
Hall 4.1Shenlan4A0618-Apr10:00-10:20
Hall 4.1Mercedes-Benz4A0718-Apr10:40-11:00
Hall 4.1Mercedes-EQ4A0718-Apr11:00-11:20
Hall 4.1Arcfox4A0818-Apr09:40-10:00
Hall 4.1BAIC Group4A0918-Apr09:00-09:20
Hall 4.1BAIC Foton4A0918-Apr13:30-14:00
Hall 4.1Skyworth Auto4A1118-Apr14:00-14:30
Hall 4.1Visteon4A1318-Apr14:30-15:00
Hall 5.1Hongqi5A0118-Apr09:00-09:20
Hall 5.1Volkswagen5A0218-Apr09:20-09:40
Hall 5.1Changan Mazda5A0318-Apr10:40-11 :00
Hall 5.1Toyota Boshoku5A0419-Apr14:00-14:30
Hall 5.1Jetta5A0518-Apr10:20-10:40
Hall 5.1Audi5A0618-Apr09:40-10:00
Hall 5.1Geely Auto5A0718-Apr10:00-10:20
Hall 5.1China Mobile5A0818-Apr11:00-11:20
Hall 5.1Unity China5A0920-Apr10:30-11:00
Hall 6.1NIO6A0118-Apr10:00-10:20
Hall 6.1NIO6A0119-Apr14:00-14:30
Hall 6.1Lynk & Co6A0318-Apr11:00-11:20
Hall 6.1Li Auto6A0418-Apr09:20-09:40
Hall 6.1Ora6A0518-Apr09:00-09:20
Hall 6.1Ora6A0519-Apr10:30-11:00
Hall 6.1Zeekr6A0718-Apr10:40-11:00
Hall 6.1XPeng 6A0818-Apr09:40-10:00
Hall 6.1Hycan6A1018-Apr10:20-10:40
Hall 6.1Neta6A1118-Apr11:20-11:40
Hall 6.1Innovusion6A1218-Apr13:30-14:00
Hall 6.1FinDreams6A1318-Apr14:00-14:30
Hall 6.1FinDreams6A1319-Apr11 :00-11:30
Hall 6.2Dongfeng M Hero6B0118-Apr10:00-10:20
Hall 6.2Jaguar Land Rover6B0218-Apr09:00-09:20
Hall 6.2Lexus6B0318-Apr09:40-10:00
Hall 6.2Voyah6B0418-Apr10:40-11:00
Hall 6.2Wey6B0518-Apr11:20-11:40
Hall 6.2Tank6B0518-Apr11:40-12:00
Hall 6.2Tank6B0518-Apr16:00-16:30
Hall 6.2Tank6B0519-Apr10:00-10:30
Hall 6.2Genesis6B0618-Apr10:20-10:40
Hall 6.2Polestar6B0718-Apr09:20-09:40
Hall 6.2Avatr6B0918-Apr11:00-11:20
Hall 6.2Lincoln6B1018-Apr12:00-12:30
Hall 6.2Horizon Robotics6B1218-Apr13:00-13:30
Hall 6.2Horizon Robotics6B1219-Apr09:00-10:00
Hall 6.2Horizon Robotics6B1219-Apr14:00-15:00
Hall 7.1Mini7A0118-Apr09:40-10:00
Hall 7.1BMW7A0218-Apr09:20-09:40
Hall 7.1HiPhi7A0318-Apr10:00-10:20
Hall 7.1Yuanhang7A0418-Apr09:00-09:20
Hall 7.1Haval7A0518-Apr11:00-11:20
Hall 7.1Great Wall Cannon7A0519-Apr11:00-11:30
Hall 7.1BYD Auto7A0618-Apr10:20-10:40
Hall 7.1Bosch7A0918-Apr13:00-13:30
Hall 7.1Brabus7A1018-Apr13:30-14:00
Hall 7.1SemiDrive7A1119-Apr13:30-14:00
Hall 7.1Zhilu Space7A1219-Apr10:30-11:00
Hall 7.1SemiDrive7All19-Apr10:00-10:30
Hall 7.2Nissan7B0118-Apr11:00-11:20
Hall 7.2Nissan7B0119-Apr10:00-10:30
Hall 7.2Dongfeng Motor7B0218-Apr09:00-09:20
Hall 7.2iCAR7B0318-Apr10:40-11:00
Hall 7.2Honda7B0418-Apr12:30-13:00
Hall 7.2JAC Group7B0618-Apr11:20-11:40
Hall 7.2JAC Group7B0618-Apr12:00-12:30
Hall 7.2Jetour7B0918-Apr14:00-14:30
Hall 7.2Chery7B1018-Apr10:00-10:20
Hall 7.2Chery7B1018-Apr13:00-13:30
Hall 7.2Exeed7B1118-Apr10:20-10:40
Hall 7.2Dongfeng Peugeot7B1218-Apr09:40-10:00
Hall 7.2REPT7B1318-Apr13:30-14:00
Hall 7.2REPT7B1319-Apr10:30-11:00
Hall 8.1Ducati8A0118-Apr16:00-16:30
Hall 8.1Mansory8A0218-Apr14:00-14:30
Hall 8.1Bentley8A0318-Apr11:00-11:20
Hall 8.1Lorinser8A0418-Apr12:30-13:00
Hall 8.1Yangwang8A0518-Apr09:40-10:00
Hall 8.1Honda Motorcycle8A0618-Apr13:30-14:00
Hall 8.1Porsche8A0718-Apr10:20-10:40
Hall 8.1Horwin8A0818-Apr15:30-16:00
Hall 8.1Speed Auto8A1118-Apr13:00-13:30
Hall 8.1Jinghang8A1618-Apr15:00-15:30
Hall 8.1Harley-Davidson8A1718-Apr12:00-12:30
Hall 8.1Maserati8A2018-Apr09:20-09:40
Hall 8.1Lamborghini8A2118-Apr10:40-11:00
Hall 8.1Kede8A2318-Apr14:30-15:00
Hall 8.1Rolls-Royce Motor Cars8A2418-Apr10:00-10:20
Hall 8.1Lotus8A2518-Apr11 :40-12:00
Hall 8.1Bufite8A2619-Aprl1 6:00-16:30
Hall 8.2Subaru8B0118-Apr11:00-11:20
Hall 8.2FAW Bestune8B0218-Apr10:20-10:40
Hall 8.2Changan8B0318-Apr11:40-12:00
Hall 8.2Ford Motor8B0418-Apr10:40-11:00
Hall 8.28B0518-Apr15:00-15:30
Hall 8.2CATL8B0519-Apr10:00-10:30
Hall 8.2GAC Trumpchi8B0618-Apr09:20-09:40
Hall 8.2GAC Aion8B0718-Apr09:40-10:00
Hall 8.2Toyota8B0818-Apr09:00-09:20
Hall 8.2Livan8B0918-Apr11:20-11:40
Hall 8.2Kia8B1018-Apr10:00-10:20
Hall 8.2Black Sesame8B1218-Apr13:00-13:30

The post Shanghai auto show: Full schedule of 150 press conferences for exhibitors appeared first on CnEVPost.

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