Category: Nio

NIO to report Q1 earnings on Jun 9

NIO delivered 31,041 vehicles in the first quarter, slightly above the lower end of its guidance range of 31,000 to 33,000 vehicles.  |  NIO US | NIO HK | NIO SG

NIO (NYSE: NIO) will report first quarter unaudited financial results on Friday, June 9, before the US market opens, the company announced today.

Previous figures showed it delivered 31,041 vehicles in the first quarter, just above the lower end of its guidance range of 31,000 to 33,000 vehicles.

NIO's previous revenue guidance for the first quarter was between RMB 10.93 billion and RMB 11.54 billion, implying year-on-year growth of about 10.2 percent to 16.5 percent.

(NASDAQ: LI) already reported first-quarter earnings that beat expectations yesterday, sending its shares soaring 13.93 percent in US trading on Wednesday.

Li Auto's deliveries in the first quarter were slightly above the lower end of its guidance range, but revenue was above the upper end of the guidance range.

(NYSE: XPEV) will report first-quarter earnings on May 24.

By the time NIO reports its first-quarter earnings, its deliveries in May should have been released on June 1. Therefore, its delivery guidance for the second quarter will then imply the company's delivery expectations for June.

NIO will officially launch the new ES6 later this month, which will be a model of strategic importance to it. The company today asked its community for input on the pricing of the SUV.

NIO's management will host an earnings conference call on June 9 at 8:00 am US Eastern Time (8:00 pm Beijing Time on June 9).

A live and archived webcast of the conference call will be available on NIO's investor relations website at https://ir.nio.com/news-events/events.

Participants who wish to participate in the conference using dial-up may register in advance using the link provided below.

https://s1.c-conf.com/diamondpass/10030774-agy6dc.html

A replay of the conference call will be available through June 16, 2023 at the following numbers:

United States: +1-855-883-1031

Hong Kong, China: +852-800-930-639

Chinese mainland: +86-400-1209-216

Singapore: +65-800-1013-223

International: +61-7-3107-6325

Replay PIN: 10030774

NIO asks its community for advice on pricing of new ES6

The post NIO to report Q1 earnings on Jun 9 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

NIO asks its community for advice on pricing of new ES6

One possibility is that NIO may price the new ES6 at under RMB 368,000 and attribute the decision to the calls of its community.

NIO asks its community for advice on pricing of new ES6-CnEVPost

(Image credit: CnEVPost)

NIO (NYSE: NIO) is asking its community in China for advice on the pricing of the new ES6, as the SUV gets closer to its official launch.

Many NIO App users have received a push message from NIO containing a questionnaire asking them to vote on what they think is a fair price for the new ES6, according to information shared by several auto bloggers on Weibo today.

NIO offered six options in the questionnaire: below RMB 368,000 ($53,020), RMB 368,000, RMB 378,000, RMB 388,000, RMB 398,000, and above RMB 398,000.

The all-new ES6 will be launched soon, and the model has received a lot of attention since its unveiling at the Shanghai auto show, NIO wrote in the questionnaire.

"Before we officially release the price, we would like to hear from our user friends about the price of the new ES6," NIO said.

The questionnaire is due by 18:00 Beijing time on May 13.

William Li, founder, chairman and CEO of NIO, launched the 2023 ET7 sedan and gave the debut of a revamped version of the ES6 SUV based on the NT 2.0 platform at a brief launch event on the first day of the Shanghai auto show on April 18.

Li did not announce the new ES6's exact specifications or pricing at the time, saying only that the model's official launch would be in late May.

For reference, the older ES6 based on the NT 1.0 platform was previously offered in three versions -- Sport, Performance and Signature -- with starting prices of RMB 386,000, 426,000 and 496,000 respectively.

For NIO, the new ES6 will be a model of strategic importance, as it will be the least expensive of NIO's SUVs. The company's latest move underscores the high hopes it has for the model's sales prospects.

From January to August 2022, 32,877 units of the ES6 were delivered, contributing 46 percent of NIO's total deliveries of 71,556 units for the period, according to figures monitored by CnEVPost from the company and the China Passenger Car Association (CPCA).

It's worth noting that soliciting input for the pricing of new models is a rarity in the Chinese auto industry. For rational consumers, no one wants to see a high price for a product they want to buy.

NIO may have its own considerations with this move, and CnEVPost's speculation is that the company may price the new ES6 below RMB 368,000 and attribute the decision to the calls from its community.

The new ES6 is now generally seen as coming with strong features and competitive pricing, which have already sparked discontent among some owners who previously bought the ES7 SUV.

Last month, many ES7 owners formed WeChat groups to collectively express their discontent that the upcoming new ES6 means NIO has betrayed them.

NIO has yet to announce a launch date for the new ES6, although rumors last week suggested that the model would be officially launched on May 24.

($1 = RMB 6.9404)

NIO rumored to officially launch new ES6 on May 24

The post NIO asks its community for advice on pricing of new ES6 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

NIO files to use semi-solid-state batteries in its vehicles

NIO's models are finally close to being able to use semi-solid-state batteries, with the EV maker filing to add WeLion as a battery cell supplier in three models.  |  NIO US | NIO HK | NIO SG

NIO files to use semi-solid-state batteries in its vehicles-CnEVPost

(Image credit: CnEVPost)

NIO's (NYSE: NIO) models are finally close to being able to use higher-capacity semi-solid-state batteries, according to the latest regulatory filing.

China's Ministry of Industry and Information Technology on May 9 released a catalog of the latest batch of models that will soon be allowed to be sold in China, as well as hundreds of vehicle companies' filings for vehicle specification changes for public comment.

The public can submit feedback between May 10 and May 16. Entry into these catalogs is a key regulatory process by which a model can be allowed to be sold or approved for specification changes in China.

NIO did not file for new models but did file for three models with an expansion of the specification information to add semi-solid-state batteries to the battery information.

The three models include two SUVs and one sedan, model numbers HFC6502ECSEV9-W, HFC6502ECSEV5-W, and HFC7002CSEV1-W, respectively.

The specification changes for all three models add the use of battery cells from Huzhou WeLion Technology Co Ltd. The assembly based on this cell is produced by a subsidiary of NIO in Nanjing.

The information does not mention solid-state batteries, but Huzhou WeLion is a wholly owned subsidiary of NIO's semi-solid-state battery supplier, Beijing WeLion New Energy Technology.

NIO announced the 150-kWh semi-solid-state battery when it unveiled its flagship sedan, the NIO ET7, at the NIO Day 2020 event on January 9, 2021, although deliveries have not yet begun.

On November 22, 2022, WeLion saw the first solid-state battery cell roll off the assembly line at its battery production facility in Huzhou, Zhejiang province, eastern China.

WeLion celebrated the occasion with a ceremony attended by NIO senior vice president Zeng Shuxiang and officials from Huzhou city, according to the company's press release at the time. Zeng is the CEO of XPT, NIO's electric drive division, and a director of WeLion.

WeLion started construction of its battery base in Huzhou in 2021 and completed construction of the plant and production line after a year, said Tian Qiyou, general manager of the company's Huzhou branch at the time.

The latest specification change filing shows that with WeLion's batteries, NIO's vehicles will weigh just 20 kg more than before.

NIO has not updated information about the battery in recent months. Its co-founder and president, Qin Lihong, said at a face-to-face event in Changzhou, Jiangsu province, on February 11 that NIO owners will be able to start experiencing the 150-kWh pack during this summer.

The pack will initially be available for rent only, with a buyout option available in the future, Qin said at the time.

NIO's 150-kWh battery pack costs as much as an ET5, president says

 

The post NIO files to use semi-solid-state batteries in its vehicles appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Exclusive: NIO ET5 touring appears in Europe as local launch nears

The ET5 touring, the first of its kind to target the premium electric touring segment, may debut in Europe in June.

Exclusive: NIO ET5 touring appears in Europe as local launch nears-CnEVPost

(Image obtained by CnEVPost)

A more European-centric variant of NIO's (NYSE: NIO) ET5 electric sedan is getting closer to its official launch.

A NIO ET5 touring, the first of its kind to target the premium electric touring segment, has been spotted on the streets of Europe, according to spy photos obtained by CnEVPost today.

The car has the yellow color exclusive to the ET5 sedan sold in China, while its rear design clearly shows that it is a touring, or hatchback, style vehicle.

Exclusive: NIO ET5 touring appears in Europe as local launch nears-CnEVPost

(Image obtained by CnEVPost)

NIO will launch a touring version of the ET5, the ET5's sister model, in June or July, the electric vehicle (EV) maker's co-founder and president Qin Lihong said at an event in January, as previously reported by CnEVPost.

The touring variant of the ET5 will debut in Europe, and the model is developed primarily for European consumers, Qin said at the time.

CnEVPost has learned from a source that the model is expected to make its official debut in Europe in June. ET5 touring was previously referred to as ET5 shooting brake on many occasions.

Touring models have a large market in Europe, while sales of sedans are low, which is the opposite of the situation in China, Qin said at the January event.

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

The ET5 is the cheapest of the NIO product array, starting at 328,000 yuan ($47,410) in China.

The model's support for battery swap and beautiful design have made it a major contributor to NIO's sales in the past few months, selling around 6,000 units each month from January to March.

Exclusive: NIO ET5 touring appears in Europe as local launch nears-CnEVPost

For NIO, the ET5 touring is likely to be the game changer for the company to see sales really start to grow in Europe, as local consumers prefer this kind of sedan variant.

It is worth noting that the ET5 touring will be available in China in addition to for European consumers.

At the beginning of March, the car appeared in a regulatory catalog of models that will be allowed to be sold in China, showing its exterior and core specifications.

($1 = RMB 6.9180)

The post Exclusive: NIO ET5 touring appears in Europe as local launch nears appeared first on CnEVPost.

For more articles, please visit CnEVPost.

NIO ES7 wait time gets slightly longer

The ES7's current expected delivery date is about 4 weeks, up from about 3 weeks previously.

NIO ES7 wait time gets slightly longer-CnEVPost

(Image credit: CnEVPost)

NIO's (NYSE: NIO) ES7 SUV has seen slightly longer wait times in China. Late last month some owners of the model voiced their displeasure as the new ES6 is coming.

The ES7's current expected delivery date is about 4 weeks, up from about 3 weeks previously, information from the NIO App monitored by CnEVPost shows.

The last change in the information was on April 25, when the model's wait time was reduced from 3 to 5 weeks to about 3 weeks.

NIO ES7 wait time gets slightly longer-CnEVPost

(Screenshot on May 9.)

The NIO ES7, launched on June 15, 2022, is NIO's second model based on the NT 2.0 platform and is the first SUV on this second-generation platform.

NIO began deliveries of the ES7 on August 28, 2022, with a cumulative total of 15,123 units delivered by the end of January this year, according to data monitored by CnEVPost.

Late last month, many ES7 owners formed WeChat groups in order to jointly protest to NIO arguing that the automaker betrayed them because the new ES6 will not only have lower prices, but also have a competitive edge with their vehicles.

NIO officially launched the 2023 ET7 sedan and gave the improved ES6 its debut on the first day of the Shanghai auto show on April 18.

The new ES6 is already available for pre-order, but the official launch will be in late May. William Li, NIO founder, chairman and CEO, said previously the model will move quickly from official launch to delivery.

NIO's website and app currently showcase seven models -- the new ES8, ES7, new ES6, EC7, EC6, ET7, and ET5.

In the vehicle configurator of NIO App, there are 5 models available -- new ES8, ES7, EC7, ET7, ET5, and the configurator of new ES6 and EC6 based on NT 1.0 platform is not available.

Wait time information for all other NIO models remains unchanged, with the new ES8 still showing deliveries expected to begin in June, the EC7 wait time around 5 weeks, the ET7 around 3 weeks, and the ET5 around 2 weeks.

Below is CnEVData's redesigned tracking table for NIO model wait times, you can subscribe to see the details.

NIO model wait time update: ES7 gets longer

The post NIO ES7 wait time gets slightly longer appeared first on CnEVPost.

For more articles, please visit CnEVPost.

NIO gears up for tough stance on false rumors, sets up legal desk social media accounts

NIO has officially opened accounts dedicated to its legal department on Weibo and the short video platform Douyin, following similar actions by and .

(Screenshot of NIO legal department's account page on Douyin.)

NIO is ready to step up its fight against false rumors, as such information circulates widely ahead of the official launch of the highly anticipated new SUV ES6.

The Chinese electric vehicle (EV) maker today officially opened accounts dedicated to its legal department on Weibo as well as on the short video platform Douyin, CnEVPost has learned.

As of press time, NIO's legal department account has 128 followers on Weibo and 1,756 followers on Douyin, although no content has been posted yet.

(Screenshot of NIO legal department's account page on Weibo.)

NIO's move comes at a time when false information about it has recently increased significantly ahead of the new ES6 SUV's launch. The company unveiled the new ES6 on the first day of the Shanghai auto show on April 18, and its official launch will be later this month.

NIO is currently switching its models from the older NT 1.0 platform to the newer NT 2.0 platform, and the resulting customer wait-and-see may be one of the key reasons for the low sales over the past few months.

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

The weak performance has been compared by some on Chinese social media to the company's most difficult times more than three years ago, and there are even rumors that German auto giant Volkswagen may buy NIO.

NIO has previously had a high tolerance for false rumors and usually doesn't take a hard line.

The company's latest move is similar to what Tesla (NASDAQ: TSLA) and Li Auto (NASDAQ: LI) have done in the social media space.

Tesla's legal department in China opened an account on Weibo in June 2021 and has been playing a big role in combating false information involving the company.

Li Auto opened a Weibo account for its legal department in September 2022 and has made several clarifications about false information.

On May 5, a Weibo blogger claimed he had worked with Li Auto in April for a deal worth RMB 300,000 ($43,370). Li Auto's founder, chairman and CEO Li Xiang subsequently denied it on Weibo and asked the car company's legal department to intervene.

The creation of the legal department's social media accounts is the latest move by NIO in its fight against what it sees as violations of its reputation.

Late last month, the EV maker sued a vlogger with 6.5 million followers on Douyin, accusing him of spreading false information and violating its reputation.

NIO demanded that the blogger publicly apologize on Douyin and pay RMB 2 million in damages.

($1 = RMB 6.9180)

NIO sues vlogger for $290,000 for spreading false information

The post NIO gears up for tough stance on false rumors, sets up legal desk social media accounts appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Labor Day holiday: How do NIO, Tesla and Li Auto’s user travel reports compare?

Between April 28 and May 4, NIO owners drove a total of about 140 million km and 4.48 million hours.

(Image credit: CnEVPost)

Only a few electric vehicle (EV) makers, including NIO (NYSE: NIO), have previously published reports on their owners' travel data during the holiday season. Now, more and more players are doing so.

This year's Labor Day holiday in China ran from April 29 to May 3. As the holiday ended, several EV makers, including NIO, (NASDAQ: TSLA), (NASDAQ: LI), , and Denza, released their data.

NIO

Between April 28 and May 4, NIO owners accumulated about 140 million kilometers and drove about 4.48 million hours, according to an article posted Saturday on the company's mobile app.

By traveling in purely electric vehicles, NIO users' trips during the holiday equated to a reduction of 9,211 tons of carbon emissions, according to the company.

The largest number of users traveling in NIO vehicles came from Shanghai, followed by Hangzhou and Beijing. Among their travel destinations, Shanghai's neighboring city of Suzhou, Jiangsu, ranked first, followed by Jiaxing, Zhejiang, and Shaoxing, Zhejiang.

NIO users traveled a total of 18.1 million kilometers with assisted driving feature and used it for 226,143 hours, according to the article.

The total mileage of NIO's Navigate on Pilot (NOP) system was 6.3 million kilometers, and the more powerful NOP+ was 4.34 million kilometers.

NIO's battery swap stations provided 432,191 services during this period, with a maximum of 68,748 services in a single day.

The battery swap stations along the highways provided 138,552 free services, saving vehicle owners 104,087 hours of highway travel time, according to NIO.

These stations along highways saw a peak of 23,632 services on May 2.

NIO's 15,137 charging piles accumulated 315,455 services during that holiday, with 79.5 percent of those deliveries going to other brands of electric vehicles.

By the end of April, NIO had accumulated 327,255 deliveries.

Tesla

Between April 29 and May 3, Tesla owners drove 170 million kilometers by using the EV maker's charging network in China, it said on Weibo yesterday.

That mileage represents a carbon reduction of 10,860 tons, Tesla said.

Tesla's Supercharger stations in China are available to owners 24 hours a day and maintain an availability rate of more than 99 percent throughout the year, it said.

To date, Tesla has more than 5,000 Supercharger stations worldwide. The company has more than 1,600 Supercharger stations in the Chinese mainland, offering more than 10,000 Superchargers.

Tesla also has more than 700 destination charging stations in the Chinese mainland, offering more than 2,000 charging piles, it said.

Li Auto

Between April 29 and May 3, Li Auto owners racked up 144 million kilometers, the company said in a WeChat post on Saturday.

Of the total, 72.29 million kilometers were powered by gasoline, up 147 percent from regular days and 372 percent from the holiday last year.

Battery-powered mileage was 71.78 million kilometers, an increase of 11.9 percent over regular days.

Li Auto owners visited 368 cities during the holiday, with the most popular cities being Chengdu, Hangzhou and Shanghai.

Li Auto's AD assisted driving system drove a total of 16.47 million kilometers, or 11 percent of the milage driven.

More than 36 percent of owners of the company's discontinued Li ONE used assisted driving, and 53 percent of owners of the currently available L series used assisted driving, according to the company.

More than 69,000 owners used the more powerful navigation-assisted driving feature and drove more than 7.8 million kilometers, an increase of 186 percent compared to the usual rate.

Li Auto owners used the company's charging map to find charging piles and charge more than 680,000 kWh using fast charging.

Li Auto's supercharging stations began trial operations on April 20, with seven stations charging more than 1,000 NEVs, covering several major brands including BYD and Tesla, the company said.

By the end of April, Li Auto's cumulative deliveries stood at 335,599 units.

Zeekr

Between April 28 and May 4, Zeekr owners accumulated 54.1 million kilometers, with the longest traveled vehicle covering 5,481 kilometers, according to an article published by the company yesterday.

Eighty-seven percent of Zeekr owners drove less than 1,000 kilometers in that period, 11.2 percent drove between 1,000 and 2,000 kilometers, and 1.53 percent drove between 2,000 and 3,000 kilometers.

Zeekr owners used nearly 3.7 million kWh of energy from the company's charging piles on its charging map, and to date, Zeekr has built nearly 690 of its own charging stations, covering more than 120 cities in China.

As of the end of April, Zeekr's cumulative deliveries stood at 101,283 units.

Denza

Between April 29 and May 3, Denza D9 owners drove a total of 11.12 million kilometers and logged 292,974 hours, it said in an article published Saturday.

Of that total, 4.92 million kilometers were driven on fuel and 6.2 million kilometers on electric power.

Denza D9 owners have used assisted driving system a total of 32,493 times during the period, according to the article.

Denza currently has only one model, the D9 MPV, on sale, and it already started pre-sales of the new SUV N7 at the Shanghai auto show last month.

As of the end of April, Denza's cumulative deliveries since the rebranding stood at 44,491 units.

NIO sees over 430,000 battery swap services during Labor Day holiday in China

The post Labor Day holiday: How do NIO, Tesla and Li Auto's user travel reports compare? appeared first on CnEVPost.

For more articles, please visit CnEVPost.

NIO sees over 430,000 battery swap services during Labor Day holiday in China

NIO saw 68,748 battery swap services on April 29, the highest number in a single day during the holiday, with its sites along the highway providing 23,460 services that day.  |  NIO US | NIO HK | NIO SG

NIO sees over 430,000 battery swap services during Labor Day holiday in China-CnEVPost

During the recently concluded Labor Day holiday in China, NIO (NYSE: NIO) provided 432,191 battery swap services, including 138,552 free services at battery swap stations along highways, according to data released today by the electric vehicle (EV) maker.

This year's Labor Day holiday in China ran from April 29 to May 3, and the data released today by NIO covers the period from April 28 to May 4, during which it allowed owners free, unlimited access to swap stations along highways.

NIO saw 68,748 battery swap services on the first day of the holiday, April 29, the highest number for a single day of the holiday, and its highway stations provided 23,460 services that day.

On May 2, NIO's sites along highways provided 23,632 services, the highest number of such sites in a single day. All of NIO's battery swap stations provided 64,309 services that day.

As of May 1, NIO had 1,384 battery swap stations in China, 366 of which are located along highways, according to data it released earlier this week.

In the past four days, NIO has not added any new charging piles or battery swap stations.

Most NIO owners currently have the benefit of four to six free battery swap sessions per month, and a few early adopters have unlimited access to the service.

The free battery swap benefits offered by NIO this past Labor Day holiday are in addition to the benefits already offered to owners.

The company offered similar benefits during the Chinese New Year holiday earlier this year, which saw a spike in the number of services offered at its battery swap stations.

NIO offered free access to battery swap stations from January 13 to February 5 during this year's Chinese New Year holiday, which ran from January 21 to January 27.

On January 27, NIO's battery swap stations reached an all-time high of 62,356 services in a single day, according to its previously announced data.

NIO rumored to officially launch new ES6 on May 24

The post NIO sees over 430,000 battery swap services during Labor Day holiday in China appeared first on CnEVPost.

For more articles, please visit CnEVPost.

driive.com
All about Smart and Sustainable Mobility

Archives

November 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930