Category: Nio

NIO officially launches new ES6, potentially lifting key factor holding back sales

has produced a batch of the new ES6 and deliveries will begin on May 25. Deliveries of customized vehicles will begin in mid-June.

(Image credit: CnEVPost)

NIO (NYSE: NIO) today officially launched the new ES6 in China, potentially lifting a key factor that has held back its sales over the past few months.

The electric vehicle maker is allowing consumers to lock in orders for the new ES6 starting today, and those interested can make appointments to test drive the model today, with first deliveries set to begin tomorrow.

Like NIO's other models based on the latest NT 2.0 platform, the new ES6 features strong power and assisted driving hardware. As NIO's least expensive SUV, the new ES6 has competitive pricing.

Including the battery, the new ES6 with a 75-kWh standard range battery pack starts at RMB 368,000 ($52,220), and for the 100-kWh version, it starts at RMB 426,000.

If consumers choose to purchase the car using NIO's BaaS (battery as a service) program, then the new ES6 starts at RMB 298,000, with a monthly rental fee of RMB 980 for the 75-kWh pack and RMB 1,680 for the 100-kWh.

Notably, that price is at the low end of the price range in a questionnaire NIO sent to some NIO App users on May 11 to solicit pricing opinions for the new ES6.

Its previous action was more like an intentional expectation management move so that potential consumers would not be disappointed with the final pricing.

Many other local automakers have similar strategies, such as (OTCMKTS: BYDDY), which typically announces pre-sale prices for new models and then announces lower final prices.

The new ES6 is also less expensive than the first generation of the model based on the NT 1.0 platform, which was previously offered in three versions with starting prices of RMB 386,000, 426,000 and 496,000 respectively.

NIO has begun production of the new ES6 based on the designer's recommended configuration combinations, and deliveries will begin on May 25 for consumers who purchase these vehicles, a post on the NIO App today said.

Consumers who wish to customize the vehicles can lock in their orders in the NIO App, and deliveries for these vehicles will begin in mid-June.

The new ES6 can accelerate from 0 to 100 km/h in 4.5 seconds under half-load conditions, with a distance of 34.5 meters from 100 km/h to the brake.

The new ES6 has a range of 490 km with the 75-kWh standard range battery pack and 625 km with the 100-kWh pack.

NIO's 150-kWh semi-solid-state battery pack, which will be put into use in July, will give the new ES6 a range of 930 km, according to William Li, the company's founder, chairman and CEO.

NIO is scaling back the benefits it offers consumers, announcing on April 10 that from June 1, consumers who purchase the NIO ET7, EC7, ES7 and ET5 will no longer continue to receive free home chargers, and the free battery swap benefit will be adjusted to four per month.

NIO has been providing consumers with free home chargers and four free battery swaps per month for the past several years. If consumers choose to forgo the free home charger, they will receive 6 free battery swaps per month under its current policy.

For the new ES6 and the new ES8, these benefit changes will begin on August 1.

For NIO, the new ES6 is crucial, as it is the least expensive of NIO's SUVs and has been its main seller for the past several years.

NIO launched the first-generation ES6 in December 2018 and began delivering the model in China in June 2019.

In 2019, NIO delivered 20,565 vehicles, including 9,132 ES8s and 11,433 ES6s, with the ES6 contributing 55.59 percent, according to data monitored by CnEVPost.

In 2020, the company delivered 43,728 vehicles, including 10,861 ES8s, 27,945 ES6s and 4,922 EC6s, with a 63.9 percent contribution from the ES6.

In 2021, NIO delivered 91,429 vehicles, including 20,050 ES8s, 41,474 ES6s and 29,905 EC6s, with a 45.36 percent contribution from the ES6.

Available data for 2022 show that from January to August, 32,877 units of ES6 were delivered, contributing 46 percent of NIO's total deliveries of 71,556 units during this period.

Potential consumers' wait for the new ES6 over the past few months may have been a critical factor in dampening NIO's sales, causing its April deliveries to fall to 6,658 units.

In the first three weeks of the month, NIO vehicles registered just 3,700 insurance units in China, data monitored by CnEVPost shows.

($1 = RMB 7.0473)

New NIO ES6 launch: Live updates

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New NIO ES6 launch: Live updates

is holding a launch event for the new ES6 in China, and this article is a live update from CnEVPost based on a live video stream.

NIO (NYSE: NIO) is holding a launch event for the new ES6 in China, and the following is a live update from CnEVPost based on a live video stream.

This post will be continuously updated until the end of the launch, with the latest content at the top.

NIO will open the City NAD function in a small scope in Shanghai in the near future.

The new ES6 comes standard with 23 safety and driver assistance features.

The new ES6 has a range of 490 km with the 75-kWh standard range battery pack and 625 km with a 100-kWh pack.

The new NIO ES6 can get a range of 930 km when equipped with the 150-kWh battery pack.

NIO's 150-kWh semi-solid-state battery pack will be available for use in July.

NIO develops these parts in-house because it can respond to user feedback more quickly.

The new ES6 is equipped with NIO's intelligent chassis controller, third generation continuous damping control system.

All of NIO's cars are built to the highest safety standards, said Li.

The new ES6 can accelerate from 0 to 100 km/h in 4.5 seconds under half-load conditions.

The new NIO ES6 is equipped with NIO's in-house developed high-performance 4-piston calipers, allowing the vehicle to brake from 100 km/h to stop in as short a distance as 34.5 meters.

The NIO ES6 will be known as the EL6 in Europe (because of the lawsuit by Audu).

The new NIO ES6 will be available in 10 exterior colors.

NIO invited several users to jointly present the new ES6 at the launch event, including an architect and an automotive media reporter, the first time it has done so for a new car launch.

William Li, Founder, Chairman and CEO of NIO, began his presentation.

NIO pins high hopes on new ES6 with unprecedented delivery efficiency and marketing campaign

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NIO counting down to new ES6 launch, deliveries ready to go

Some auto bloggers on Weibo said is gearing up for deliveries of the new ES6, which could start even as soon as the launch event is over.

NIO (NYSE: NIO) is counting down to the launch of the new ES6, with the model that will be key to reversing its weak sales trend less than eight hours away from its official launch.

Visitors to NIO's website can see the countdown, and as of press time, the launch event for the new ES6 is 7 hours, 30 minutes, and 30 seconds away.

The launch event of the new ES6 will begin at 7:00 pm Beijing time on May 24 (7:00 am US Eastern time on May 24), and viewers will be able to watch a live video stream on channels including the NIO App, NIO.com, and NIO Weibo.

NIO announced on May 16 that test drives of the new ES6 will be available starting on launch day and deliveries will begin on May 25.

This will be NIO's fastest model from official launch to delivery, as its local peers, including (NASDAQ: LI), have proven that efficient delivery is critical to success in the highly competitive Chinese EV market.

Some auto bloggers on Weibo said that NIO is already preparing for deliveries of the new ES6, which could start even at the end of the launch event.

NIO originally said deliveries of the new ES6 would start on May 25, but because buyers want to get their hands on the new car as soon as possible, deliveries could start tonight, according to Wu Ying, an auto blogger with 970,000 followers on Weibo.

"What I know so far is that there are already a few cars in Shenzhen that are being readied and will be available for delivery at the end of the launch tonight," he said.

(Image credit: Wu Ying on Weibo)

Notably, NIO has not yet announced the price of the new ES6, which is expected to be below RMB 400,000 yuan ($56,700).

NIO gave the new ES6 its debut on the first day of the Shanghai auto show on April 18, when it began allowing consumers to pay an RMB 5,000 deposit to reserve the model.

On May 11, a large number of NIO App users received a push message from NIO containing a questionnaire asking them to vote on what they thought was a reasonable price for the new ES6.

NIO offered six options in that questionnaire: below RMB 368,000, RMB 368,000, RMB 378,000, RMB 338,000, RMB 398,000, and RMB 398,000 or more.

On May 20, NIO announced that the new ES6 show cars were available at nearly 300 NIO stores in 92 cities.

On May 22, it said the model was available in more than 330 NIO stores in 100 cities.

NIO's showrooms include the flagship NIO Houses as well as the smaller NIO Spaces, and they numbered 110 and 270 in China, respectively, as of April 30, according to data it released on May 1.

NIO released its first-generation ES6 in December 2018 and began delivering the model in China in June 2019.

Available data for 2022 show that from January to August, 32,877 ES6 units were delivered, contributing 46 percent of NIO's total deliveries of 71,556 units for the period.

The wait for the new ES6 by potential consumers may have depressed NIO's deliveries.

In the first three weeks of May, insurance registrations for NIO vehicles were 3,700, according to data from earlier this month.

($1 = RMB 7.0554)

China NEV insurance registrations for week ending May 21: Li Auto 7,100, XPeng 1,500, NIO 1,400

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China NEV insurance registrations for week ending May 21: Li Auto 7,100, XPeng 1,500, NIO 1,400

This article is being updated, please refresh later for more content.

vehicles registered 10,200 insurance units in China last week, bringing the number to 26,118 for the first three weeks of May.

founder, chairman and CEO Li Xiang said last week that they had been complained about by some of their peers and therefore could not continue to share the weekly insurance registration numbers.

Interestingly, however, the company resumed sharing those numbers today to continue to show that it leads the pack among Chinese new energy vehicle (NEV) startups.

For the week of May 15 to May 21, Li Auto sold 7,100 units, far outpacing other new car brands and reigning as the weekly sales leader for new automaking brands in the Chinese market, the company said today on Weibo.

Li Auto did not explain on what basis the sales were counted, but apparently, they were insurance registrations.

Li Auto surpassed all other traditional luxury brands except Mercedes-Benz, BMW and Audi to remain in the top five luxury brands in the Chinese market in terms of sales, the highest-ranked Chinese brand on the list, it said.

In the first two weeks of May, Li Auto vehicles had 4,543 and 6,670 insurance registrations, respectively. This means that from May 1 to May 21, Li Auto sold about 18,313 vehicles.

The tables Li Auto shared today show that vehicles had 1,400 insurance registrations last week. This means that NIO had 3,700 insurance registrations for the first three weeks of May.

NIO deliveries continue to be curbed by the upcoming launch of the new ES6, with insurance registration figures of 1,100 and 1,200 in the first and second weeks of May, respectively.

NIO will officially launch the new ES6 on May 24, and its deliveries will start on May 25.

The company is getting the ES6 to market with unprecedented delivery efficiency, and as of May 20, the new ES6 show cars were available at nearly 300 NIO stores in 92 cities.

registered 1,500 insurance units last week, the same as the previous week. In the first three weeks of May, XPeng vehicles had 3,870 insurance registrations.

XPeng deliveries were also dampened by the new model G6, which is expected to officially launch and begin deliveries at the end of next month.

Insurance registrations for Tesla vehicles in China were 10,200 last week, bringing the figure to 26,118 for the first three weeks of May. The number was 5,928 and 9,990 in the first two weeks of May.

Data table: China NEV weekly insurance registrations

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NIO Capital hosts investor conference, William Li highlights NIO’s choice in times of uncertainty

"We need to think strategically with a long-term mindset and use that to guide our short-term actions," Li said.

(Image credit: Capital)

NIO Capital recently held its annual investor conference in Hefei, Anhui province, where its managing partner William Li spoke and highlighted the choices NIO (NYSE: NIO), of which he is a founder, is making in times of uncertainty.

Li is not only at the helm of NIO Capital, a venture capital firm with a US dollar fund as well as a RMB fund, but is also the founder, chairman and CEO of NIO.

The conference was the first time in three years that NIO Capital brought together investors from its RMB and US dollar funds, and in addition to presentations and roundtable conversations, attendees toured NIO's manufacturing facilities, according to a press release today.

Li gave a keynote speech at the conference, sharing his views on the development of NEVs (NEVs) and corporate strategy, according to the release, which included a photo showing Li highlighting NIO's choice in times of uncertainty.

Last year was a landmark year for the global NEV industry, as global sales of NEVs exceeded 10 million for the first time, with China contributing close to 70 percent of the sales, according to Li.

Even during the Covid epidemic, China's NEV sales performance was still surprising, showing that the NEV industry has fully transitioned from being policy-driven to being product-driven and market-driven, which is a historic watershed, Li said.

Nonetheless, the future remains challenging, and increased uncertainty is a trend that almost everyone agrees on, he said.

"In today's world, we must learn to think about how to grow, how to manage risk, and how to take advantage of opportunities in a more volatile and uncertain world," Li said.

"We need to think strategically with a long-term mindset and use that to guide our short-term actions. We need to be more aggressive in meeting the challenges of the market while ensuring that the company's operational risks are manageable," he added.

Ian Zhu, another managing partner at NIO Capital, also spoke and said the venture capital firm has made aggressive investments in the areas of smart cockpits, battery technology, energy transition, semiconductors and automotive ecology since 2022.

NIO Capital didn't provide much more on NIO, though many of its investments are around the NEV industry chain and are sometimes made alongside NIO.

NIO and NIO Capital invested in fusion startup Neo Fusion, taking a 19.9 percent and 10.1 percent stake, respectively, according to a CnEVPost report last week.

NIO also seems to be hoping that NIO Capital's investment will help it get better access to resources for building more attractive electric vehicles.

NIO announced the panoramic digital cockpit PanoCinema when it launched the ET5 sedan on December 18, 2021.

It announced at that time the introduction of AR glasses developed jointly with Nreal, an AR technology company that is a portfolio company of NIO Capital.

NIO invests in nuclear fusion startup Neo Fusion

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NIO applies for GPT-related trademarks in China

With ChatGPT becoming a hot topic around the world, many Chinese tech giants have announced their progress in the field.  |  US | NIO HK | NIO SG

(Image credit: CnEVPost)

NIO (NYSE: NIO) is filing for several GPT-related trademarks in China, possibly in preparation for making its virtual voice assistant NOMI smarter.

The Chinese electric vehicle (EV) maker filed five GPT-related trademark applications on May 15, and their classifications involve communication services, scientific instruments, construction, and social services.

These trademarks include a NIO GPT, two NOMI GPTs, and two Knowme GPTs.

GPT (Generative Pre-trained Transformer), essentially solves for the probability of the next word occurring, sampling and generating a word from a probability distribution with each call.

With ChatGPT becoming a hot topic around the world, many Chinese tech giants have announced their progress in this field.

Auto, the car-making arm of Baidu, announced on February 14 that it will leverage Baidu's ChatGPT-like product ERNIE Bot to create a large-model AI interaction experience for smart car scenarios, thereby supporting natural communication for its robocars.

Great Wall Motor-backed Chinese startup Haomo.AI Technology officially launched DriveGPT on April 11, saying it is the first generative large model for autonomous driving that will reshape the technological path to automotive intelligence.

Earlier this month, NIO's local counterpart (NASDAQ: LI) filed a trademark application for MindGPT in China.

In 2017, NIO released the first-generation ES8, and its in-car voice assistant NOMI was announced at the time.

NOMI is derived from the harmonic sound of Know Me in English. If you have seen the science fiction movie "Her", NOMI is the NIO version of "Her".

NOMI is the voice assistant in the car, but NIO seems to expect more from it than that, letting it occupy the most central position in the front of the cockpit.

What is NOMI? Here's everything you need to know

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NIO’s new ES6 show cars available in nearly 300 stores in China

The new ES6 show cars became available at nearly 300 stores in 92 cities as of May 20.

(Image credit: NIO)

NIO (NYSE: NIO) has made the new ES6 show cars available in most of its stores in China, just days before the model's official launch.

The new ES6 became available in nearly 300 NIO stores in 92 cities on May 20, the electric vehicle company announced yesterday.

Those cities include both first-tier Chinese cities, including Shanghai, Beijing, Guangzhou and Shenzhen, and smaller cities, including Zhoushan, Handan and Nanning.

NIO's showrooms include the flagship NIO Houses as well as smaller NIO Spaces, and as of April 30 they numbered 110 and 270 in China, respectively, according to data it released on May 1.

The company has four NIO Houses as well as six NIO Spaces in Europe.

NIO will hold the launch of the new ES6 on May 24 starting at 7:00 pm Beijing time (7:00 am US Eastern time on May 24), and viewers will be able to watch a live video stream on channels including the NIO App, NIO.com, and NIO Weibo.

Test drives of the new ES6 will be available on May 24, and its delivery will begin on May 25, according to information previously announced by NIO.

This will be NIO's fastest model from official launch to delivery, as its local peers, including (NASDAQ: LI), have proven that efficient delivery is critical to success in the highly competitive Chinese EV market.

NIO launched the first-generation ES6 in December 2018 and began delivering the model in China in June 2019.

Available data for 2022 show that from January to August, 32,877 ES6 units were delivered, contributing 46 percent of NIO's total deliveries of 71,556 units for the period.

The wait for the new ES6 by potential consumers may be one of the major reasons for NIO's low deliveries in the past few months.

NIO delivered 6,658 vehicles in April, which was up 31.22 percent from 5,074 in the same month last year, but down 35.85 percent from 10,378 in March.

In April, most deliveries were attributed to the ET5 and ES7, while NIO has been upgrading its product from NT 1.0 to NT2.0, it said on May 1.

NIO pins high hopes on new ES6 with unprecedented delivery efficiency and marketing campaign

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NIO starts delivery of 2023 ET7 sedan

On May 19, deliveries of the 2023 ET7 began in several cities, including Shanghai, Beijing, Hefei, Nanjing, Hangzhou, Ningbo, Wenzhou, Guangzhou, Shenzhen and Changsha.

NIO (NYSE: NIO) has begun deliveries of the 2023 ET7, its flagship sedan's facelift that was officially launched at the Shanghai auto show a month ago.

Deliveries of the 2023 NIO ET7 began on May 19 in several cities, including Shanghai, Beijing, Hefei, Nanjing, Hangzhou, Ningbo, Wenzhou, Guangzhou, Shenzhen and Changsha, a company press release said, without disclosing the number of deliveries.

NIO launched the 2023 ET7 on the first day of the Shanghai auto show on April 18, bringing more than 15 upgrades, including improved seats and a 40w wireless charging panel for cell phones, but the prices remain unchanged.

Including the battery, the starting price for the new ET7 with the 75-kWh battery pack is RMB 458,000 ($65,350), and RMB 516,000 for the version with a 100-kWh long-range pack.

If consumers choose to purchase the car using the BaaS (battery as a service) program, both models start at RMB 388,000 and the monthly battery rental fee is RMB 980 and RMB 1,680 respectively.

In addition to these two versions, the new ET7 is also available in a Signature Edition with a 100-kWh battery pack for a starting price of RMB 536,000 including the battery. The model starts at RMB 408,000 under the BaaS plan, with a monthly battery rental fee of RMB 1,680.

The ET7, NIO's first sedan and the first model on its NT 2.0 platform, was initially launched at the NIO Day 2020 event on January 9, 2021 and sees first delivery on March 28, 2022.

In the second half of 2022, the ET7 was repeatedly in the top 10 of the China Passenger Car Association's (CPCA) monthly ranking of premium sedan sales in China with a starting price above RMB 300,000.

The sedan saw its highest sales month in June 2022, when 4,349 units were sold.

However, heading into 2023, sales of the model plummeted, selling less than 800 units in each of the first three months, according to data monitored by CnEVPost.

The day before deliveries of the 2023 ET7 began, NIO announced on May 18 that it was offering an upgrade program for the interior of the 2022 ET7 that would allow owners to pay for some of the additional features the new ET7 has.

Besides launching the 2023 ET7 on April 18, NIO also unveiled the new ES6, an SUV that is more important to the company, contributing about half of its deliveries from 2019 to 2021.

The launch event of the new ES6 will begin on May 24 at 7:00 pm Beijing time (May 24 at 7:00 am US Eastern time), and its deliveries will begin on May 25.

($1= RMB 7.0079)

NIO pins high hopes on new ES6 with unprecedented delivery efficiency and marketing campaign

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