Category: Nio

NIO names its car rental service in China NIO Subscription

upgraded the service a year ago, and more than 3,000 consumers have used it in the past year.  |  NIO US | NIO HK | NIO SG

(Image credit: NIO)

NIO (NYSE: NIO) first mentioned its vehicle rental service called NIO Subscription at its NIO Berlin European launch event last October.

Now the company appears to be using the same name for the service it offers in China to unify its brand image.

NIO marked the one-year anniversary of its upgraded vehicle rental service with a post on its mobile app today, and used the words "NIO Subscription" in a poster.

As a background, NIO has been offering car rentals for the past several years, but it hasn't received much attention, and on April 6, 2022, NIO upgraded the service.

In the previous car rental service offered by NIO, the monthly cost was fixed at RMB 9,888 ($1,440). In the upgraded service, each car is rented at a different price and the cost is reduced each month.

In the case of an ES6 SUV produced in 2020 with 34,000 kilometers on the road, a user can rent it for RMB 7,114 in the first month and RMB 6,661 in the 12th month, according to NIO's announcement last year.

This amount decreases month by month to RMB 4,684 in the 60th month.

Since the launch of the upgraded service, more than 3,000 consumers have experienced it, NIO said today.

To date, the service is available in 20 cities, including Shanghai, Beijing, Xi'an, Wuhan, Chengdu and Guangzhou, NIO said.

In 2023, the service will expand to an additional 10 cities, according to a poster by NIO.

($1 = RMB 6.8815)

NIO upgrades service that allows users to rent cars like software subscription

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NIO to allow Chinese consumers to lock in EC7 orders starting Apr 10

Test drives for the EC7 will open on April 10, with deliveries to begin in mid-May.  |  NIO US | NIO HK | NIO SG

(Image credit: NIO)

NIO (NYSE: NIO) will allow consumers to lock in orders for the EC7 electric coupe SUV starting next Monday, with the model just a month away from its planned delivery date.

Starting at 10 am on April 10, the EC7 will be available for consumer order lock-ins, NIO announced in an article posted on its mobile app today.

EC7 show cars and vehicles for test drives have already begun shipping to NIO showrooms in cities across China, and test drives will be available starting April 10, NIO said.

Until NIO starts accepting orders for lock-in, consumers can still get the benefits of the earliest buyers by paying a reservation deposit of RMB 5,000 ($730). These benefits include using the deposit as RMB 10,000 for the purchase of the car.

These reservation benefits will no longer be available after the EC7 begins accepting locked orders.

Deliveries of custom vehicles for the EC7 will begin in mid-May, NIO said.

Orders for the EC7 with locked-in configurations by April 16 will be scheduled for production and delivery essentially in the order in which consumers pay their reservation deposits.

Starting April 17, the EC7 will be scheduled for production and delivery in the order in which consumers lock in their configurations.

Some options may result in later deliveries of customized EC7s, with deliveries expected to begin as early as July for models with the optional rear comfort package and August for EC7s with the optional coral red interior.

Here is a video about the design of the EC7 shared by NIO on its app.

NIO officially launched the EC7, its second coupe SUV after the EC6, at the NIO Day 2022 event last December 24, with a length of 4,968 mm, width of 1,974 mm, height of 1,714 mm and a wheelbase of 2,960 mm.

NIO offers an intelligent dimming glass option for the EC7's roof, the first time the company has introduced this option in one of its models.

Thanks to an optimized exterior design, the EC7 has a wind resistance coefficient of just 0.23 Cd, which NIO said is the lowest of any mass-produced SUV in the world.

The EC7 is equipped with a 180-kW permanent magnet motor at the front and a 300-kW induction motor at the rear, allowing the motor to reach a peak power of 480 kW.

The powertrain allows the EC7 to accelerate from 0 to 100 km/h in 3.8 seconds, making it NIO's fastest-accelerating SUV.

NIO currently offers three versions of the EC7, including a version with a 75-kWh standard range battery pack, a version with a 100-kWh battery pack, and a premiere version with a 100-kWh battery pack.

Including the battery, the starting prices for these three versions are RMB 488,000, RMB 546,000 and RMB 578,000 respectively.

If consumers choose NIO's battery as a service (BaaS) program, the starting prices are RMB 418,000 for both regular versions and RMB 450,000 for the premiere version. Their monthly battery rental costs are RMB 980 yuan, 1680 yuan and 1680 yuan respectively.

NIO's NAD (NIO Autonomous Driving) feature will also be available for the EC7, and the full feature package will be available on a subscription basis at a cost of RMB 680 yuan per month. However, the software is not yet available.

NIO offers the first EC7 owners a 10-year unlimited mileage warranty, up to six free battery swaps per month, and free home charger.

It is worth noting that with the EC7 available, the EC6 is not discontinued.

On February 13, the new, NT 2.0 platform-based EC6 appeared in a filing catalog showing the model's appearance and core specifications.

($1 = RMB 6.8809)

Regulatory filing: NIO's new EC6 coming

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China NEV insurance registrations for week ending April 2: BYD 46,218, Tesla 14,275, NIO 2,730

In the past five weeks, vehicles had 11,929 insurance registrations. The company delivered 10,378 vehicles in March.

China's new energy vehicle (NEV) sector saw continued improvement last week, with most major players posting sales increases.

In the week ending April 2, insurance registrations for all vehicles in China were 465,500, up 46.9 percent year-on-year and up 19.9 percent from the previous week, according to data shared today by several auto bloggers.

Of these, 139,500 were NEVs, up 44.7 percent year-on-year and up 9.28 percent from the previous week, with a penetration rate of 29.96 percent.

Gasoline vehicles were 326,000 units, up 47.9 percent year-on-year and up 25.1 percent from the previous week.

vehicles continued to register the highest number of insurance units last week at 46,218, up from 43,490 the previous week.

In the past five weeks -- February 27 to April 2 -- BYD NEVs had 204,195 insurance registrations in China.

As a comparison, BYD sold 207,080 wholesale NEVs in March, including 13,312 units sold overseas, according to data it released on April 2.

Insurance registrations for vehicles in China last week were 14,275, slightly lower than the previous week's 15,886.

In the past five weeks, Tesla vehicles had 79,171 insurance registrations in China.

Tesla sold 88,869 China-made vehicles in March, including exports, according to data released earlier today by the China Passenger Car Association (CPCA).

Those numbers mean that Tesla's Shanghai plant may have exported only a few thousand vehicles in March, with the rest for deliveries to Chinese consumers.

Tesla's pattern is to produce cars for export in the first half of the quarter and for the local market in the second half.

Insurance registrations for NIO vehicles were 2,730 last week, up from 1,909 the previous week.

In the past five weeks, NIO vehicles had 11,929 insurance registrations.

NIO delivered 10,378 vehicles in March, including 3,203 SUVs, and 7,175 sedans, according to data released by the company on April 1.

(NASDAQ: LI) vehicles had 6,185 insurance registrations last week, up from 5,081 in the previous week.

In the past five weeks, Li Auto vehicles saw 24,169 insurance registrations. For comparison, it delivered 20,823 vehicles in March.

(NYSE: XPEV) vehicles had 2,034 insurance registrations last week, up from 1,564 the previous week.

XPeng's total for the past five weeks was 7,950, and the company delivered 7,002 vehicles in March.

vehicles had 2,571 insurance registrations last week and a cumulative total of 7,555 over the past five weeks. It delivered 6,663 vehicles in March.

had a figure of 3,740 vehicles in the last week and a total of 12,286 vehicles in the last five weeks. It delivered 10,087 vehicles in March.

BMW had 2,598 NEV insurance registrations last week, for a total of 9,959 over the past five weeks.

China's Mar passenger NEV wholesale sales up 20% MoM to 600,000, CPCA estimates show

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NIO reaches 20 million battery swap service milestone

's battery swap stations now provide over 45,000 services per day.  |  NIO US | NIO HK | NIO SG

(Image credit: NIO)

NIO (NYSE: NIO) today saw its cumulative battery swap service reach 20 million, with an average of 45,000 services provided daily.

The electric vehicle (EV) maker announced the milestone today on its mobile app, just 273 days, or nine months after it saw its 10 millionth battery swap service on July 4 of last year.

It took the company 1,506 days, or more than four years, to see its first 10 million battery swap services provided.

On February 5, more than 60 percent of the power NIO provides to owners was provided through battery swap stations, and the facility has become a favorite way for NIO customers to replenish their vehicles, it said.

Currently, NIO's battery swap stations provide an average of more than 45,000 services a day, which equates to an average of one NIO vehicle receiving a fully charged battery from these stations every 1.9 seconds.

The 20 million battery swap services can support more than 5,106 million kilometers of driving and reduce carbon emissions by about 550,286 tons, the company said.

NIO's battery swap stations not only provide vehicles with fully charged batteries but also allow owners to easily upgrade their battery packs.

To date, NIO has provided 63,136 battery upgrades to customers, allowing them to continue to enjoy the benefits of battery technology advancements, the company said.

As of today, NIO has 1,327 battery swap stations and 2,442 charging stations in China, according to data monitored by CnEVPost.

The company's goal is to add 1,000 battery swap stations this year, bringing the facility to 2,300 in China by the end of 2023.

The aggressive infrastructure goal is one of the ways to boost sales, and the company's co-founder and president, Qin Lihong, said in a recent interview with local media that the company hopes swap stations will serve partly as showrooms in less developed cities.

On April 1, William Li, founder, chairman and CEO of NIO, reiterated that the company's of battery swap station network is open to other brands and compared the service to cloud services.

NIO's battery swap stations have a good degree of adaptability and the time has come to offer their output to the outside, Li said.

NIO's battery swap network open to other brands, just like cloud service, says William Li

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China EV 100 Forum: NIO’s William Li’s full speech

has nearly completed 20 million battery swap services, with an average of one NIO vehicle leaving a battery swap station with a fully charged battery every 1.9 seconds, said Li.  NIO US | NIO HK | NIO SG

The China EV 100 Forum, held in Beijing from March 31 to April 2, brought together some of the biggest names in China's automotive industry.

William Li, founder, chairman and CEO of NIO (NYSE: NIO), spoke at the event on April 1.

Below is the full text of Li's speech, translated and edited by CnEVPost.

Dear chairman Wan, president Qingtai, minister Miao, and distinguished guests, I am very glad to have the opportunity to share some of NIO's latest ideas.

Last year we delivered 122,486 units of high-end smart electric vehicles, which is not a lot compared to our peers, especially compared to .

However, the average price of the vehicles we delivered last year reached RMB 437,000. It can be said that each NIO has witnessed the upward upgrade of China's auto brands.

In the fourth quarter of last year, we had a 54.8 percent market share in the premium EV segment above RMB 300,000 and a 75 percent market share in the premium EV segment above RMB 400,000, and we're doing pretty well in terms of share.

It's true that everyone is facing a lot of difficult choices today, and the uncertainty in the industry is very high.

In our transition from fuel to electric vehicles, what should be the pace of development of the industry? I think we all have a lot of confusion, including myself. These are some of the very difficult choices we are facing.

NIO is a start-up company, and we are not in a position to stop and think too much.

We are determined to invest for the final win while ensuring the risk of our operation is manageable and improving efficiency, which is one of the things we have thought through.

We are investing in three main areas.

First, we are continuing to invest in core technology research and development.

Last year, NIO did lose some money, but I still want to tell you that it was mainly in R&D. However, the money lost on R&D, I think it is an investment.

NIO has been making R&D layouts globally since its creation in 2015. Even in 2019 when the company was about to close, we did not close the office in Europe, we did not close the office in Silicon Valley.

We have now established more than 10 R&D centers in the US, Europe and China.

Our R&D investment in the fourth quarter of last year was close to RMB 4 billion, and our annual R&D investment for the year reached RMB 10.8 billion.

Last year, our annual revenue was nearly RMB 50 billion, so I should say that the proportion of R&D investment is very high.

We will further increase our R&D investment this year, and are now making a comprehensive investment in the full-stack capability of intelligent electric vehicles, including chips, underlying operating systems, materials, and battery cells.

From day one, NIO has never taken anything from anyone else for reverse R&D. We started from a single line to build our cars, electric technology, intelligent technology, and all-aluminum body.

We did all of these ourselves, and this has been our tradition since 2015.

We now have over 10,000 R&D staff and we will still hire close to 2,000 recent college graduates this year and will train them for the long term.

NIO has been granted more than 6,000 patents covering the entire full stack of smart electric vehicle technologies.

We are very pleased to see that we have won the first prizes in the Chinese automotive industry for two consecutive years in 2021 and 2022, and these are the recognition of us.

Not only in China, but also in Europe, our ET7 won the most weighty model award in basically every country we entered last year.

For example, last year we won the most influential "Golden Steering Wheel" in Germany. This is the highest award for mid to large-size cars and the first time that a Chinese brand has won such an award in Germany. We can say that these have witnessed the upward journey of our brand.

Second, one of the directions we have resolutely invested in is the continuous construction of charging and battery swap infrastructure.

Charging and battery swap infrastructure is one of the most important factors determining the user experience of electric vehicles.

When we started research and development in 2015, we set down the service system of chargeable, swappable and upgradable.

In terms of charging piles, we have gone to a lot of trouble in helping users to install more than 180,000 charging piles.

We also installed more than 14,000 public charging piles, and this is open, more than 80 percent of the power is used by non-NIO owners. This includes , BYD, and many of our peer brand vehicles.

We have access to over a million third-party charging piles globally, and in both China and Europe, we have partnered with the most important local charging pile operators.

We just installed 500 kW ultra-fast charging piles two days ago, which has a bi-directional charging module that we developed ourselves.

This supercharger can in fact reach 650 kW power, and together with our battery swap stations, it can increase the efficiency to a very high level. We are now mainly building integrated stations with both battery swap service and charging piles.

We have deployed 52 destination charging routes in China, such as the route from Sichuan to Tibet and the route to Everest Base Camp.

We will deploy destination charging routes to our customers whenever they want to go, and we will add more than 20 routes this year.

We have already built 1,326 battery swap stations in China, in this picture is the one in Lhasa.

We have also deployed 13 battery swap stations in Europe, and they have been well received in five European countries.

Two days ago we just commissioned our third generation battery swap stations in Hainan, and battery swap has become the most popular way to replenish energy for NIO users.

On February 14, 2022, for the first time, the power provided by our battery swap stations exceeded that provided by charging facilities, and now the ratio has reached 60 percent.

In addition to charging at home, owners are essentially using battery swap stations, and that percentage is much higher than we had anticipated.

We are close to completing 20 million battery swaps, which should be seen in the next two days. On average, every 1.9 seconds an NIO vehicle departs from a battery swap station with a fully charged battery.

Battery swap has many advantages, I won't go into details here.

We have already built a network of battery swap stations covering five vertical highways, three horizontal highways, and eight city clusters.

By 2025, we will have a network of battery swap stations covering 9 vertical highways, 9 horizontal highways, and 19 city clusters, and by then NIO car owners will be able to travel on highways without worry.

Our goal for this year is to add 1,000 battery swap stations, and by the end of this year, we will have 2,300 stations.

We will also add 10,000 new battery swap stations, and in fact, we are the most aggressive car brand in China in deploying battery swap stations.

People always think of battery swap when they think of NIO, but we're actually doing a great job with charging facilities as well.

That's the second point, we will be determined to build the infrastructure.

Third, we will enter the global market with the determination to serve more customers.

On September 30, 2021, we started to deliver in Norway. Many of our Chinese counterparts deliver vehicles in Norway, and we have reached the first and second places in some segments.

On October 7 last year, we officially announced our entry into Europe in Germany, the Netherlands, Denmark and Sweden.

We had a European launch event in Berlin with more than 1,000 guests, which was well received by everyone.

On October 16 last year, we officially started to deliver vehicles in four European countries.

In fact, just two days ago, we just opened our NIO House in Frankfurt, after having opened our NIO House in Berlin and NIO House in Rotterdam.

Overall, this is indeed a particularly challenging time, and NIO has chosen to do the right thing in the long run by making a long-term investment. We believe that this kind of investment will eventually reap good results.

This is also a photo of one of our horizons in the Netherlands, taken by a Dutch photographer, heralding a field of hope.

I believe that the development of smart electric vehicles is a difficult journey, and the road ahead is long and full of obstacles. But if we move forward, we will reach our goal. The future is promising.

I hope we can have a bright future together, thank you.

NIO's battery swap network open to other brands, just like cloud service, says William Li

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NIO’s battery swap network open to other brands, just like cloud service, says William Li

's battery swap stations are well adapted and the time has come to offer output to other brands, according to Li.  |  NIO US | NIO HK | NIO SG

(Image credit: CnEVPost)

The man at the helm of NIO (NYSE: NIO) reiterated that the company's battery swap stations network is open to other brands, and compared the service to a cloud service.

NIO wants other companies to share and build battery swap infrastructure with it, said William Li, the company's founder, chairman and CEO.

Li mentioned this during a media group interview on April 1 during the China EV 100 Forum, saying that there have been discussions between other car companies and NIO on the matter, according to a report today by local media outlet The Paper.

"I met with several company executives today and they asked me how we could work together, and we're open to that," he said.

With 80 percent of the power provided by NIO's charging stations being used by other brands of electric vehicles, it's feasible for the company to offer battery swap services to other car companies, he said, adding that it's just that other automakers would need to design vehicle chassis based on the specifications of NIO's battery packs.

NIO's battery swap stations have a reasonable degree of adaptability, and the time has come to provide output to the outside, Li said.

He said the company calls its battery swap model "battery as a service (BaaS)", an innovation that can be understood through the lens of cloud services.

Cloud services around the world, whether they are offered by Microsoft, Google and Amazon in the United States or Alibaba, Tencent and in China, they all have one thing in common: The companies themselves are the primary users.

"You certainly can't achieve this kind of service if you're not the biggest user yourself," he said.

On top of being available for their own use, such systems need to be open, and the hardware interfaces, software interfaces, and operational interfaces all need to be complete, said Li.

NIO's battery swap stations are being offered for two generations of vehicle platforms and have supported six models so far, including models from 2018 to 2023.

"I think it's very well adapted and the internal interfaces are very mature," Li said, adding, "We feel that the time has come for it to provide output to the outside world, and we are very willing to explore that with our peers."

It's a bit like Amazon's cloud service, which requires the company to sort out internally the timeline for offering the service externally, he said.

However, Li also noted that, like the time it takes to migrate when using new cloud services, the matter of NIO's battery swap service being available to other brands requires peers to work together to plan ahead before it can be realized in two or three years.

NIO aims for swap stations to serve partly as showrooms in underdeveloped cities

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NIO’s new ES6 to debut at Shanghai auto show later this month

will showcase six models based on the latest NT 2.0 platform at the Shanghai auto show, with the all-new ES6 making its debut.

NIO (NYSE: NIO) will have the facelift of its previously popular ES6 SUV unveiled at the Shanghai auto show later this month, marking the first time the company has unveiled a new model at an auto show.

The company will showcase six models based on its latest NT 2.0 platform at the Shanghai auto show, with the all-new ES6 making its debut, it said in a post announcing March delivery figures on its WeChat account.

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

NIO App is currently showcasing eight 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.

The EC7 and the new ES8 were launched at NIO Day 2022 on December 24, 2022, and deliveries are set to begin in May and June 2023, respectively.

NIO did not provide any further information on the new ES6, but the model has appeared in a regulatory catalog in China in January.

On January 11, the Chinese Ministry of Industry and Information Technology released a list of models that will soon be allowed to be sold in China, and the new NIO ES6 was included.

The new NIO ES6 has a length, width and height of 4,854 mm, 1,995 mm and 1,703 mm, respectively, and a wheelbase of 2,915 mm, according to the model's filing page.

The model's LiDAR and camera setup are in line with the other current NIO models based on the NT 2.0 platform. Its rear end also features a through-tail lamp design similar to the ET7, rather than the split design of the current model.

The new ES6 is something to look forward to, as its predecessor was NIO's cheapest SUV, contributing the most sales for the company in a very long time.

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

Regulatory filing: Here's what NIO's new ES6 looks like

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NIO delivers 10,378 vehicles in Mar, down 14.6% from Feb

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

NIO (NYSE: NIO) delivered fewer vehicles in March than in February, with the first quarter figure barely above the lower end of the previous guidance range.

NIO delivered 10,378 vehicles in March, up 3.94 percent from 9,985 a year ago but down 14.6 percent from 12,157 in February, according to figures it announced today.

That delivery volume included 3,203 SUVs, and 7,175 sedans, the company said, without providing a breakdown of the different models.

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

The deliveries were up 20.46 percent from 25,768 units in the same period last year, though down 22.5 percent from 40,052 in the fourth quarter.

NIO's guidance for first-quarter revenue was RMB 10.93 billion to RMB 11.54 billion when it announced its fourth-quarter earnings results on March 1.

As of March 31, cumulative deliveries of NIO vehicles reached 320,597 units.

Beginning March 28, NIO has rolled out the deployment of its third generation of swap stations in China, each with a service capacity of up to 408 swaps per day, the company said.

As of March 31, NIO had deployed 1,339 battery swap stations and 1,285 charging stations, including 6,467 chargers, worldwide. It also has 1,154 destination charging stations worldwide, including 7,993 chargers.

NIO will accelerate the expansion of its battery swap network and plans to install 1,000 battery swap stations in 2023, it said, repeating a previous goal.

NIO has been gradually releasing NOP+ Beta to NIO Technology 2.0 (NT 2.0) based vehicles. Since its debut on December 27, 2022, more than 30,000 users have activated and participated in the NOP+ Beta, accumulating more than 15 million kilometers, it said today.

Powered by NIO's internally developed full-stack smart driving technology and closed-loop data management, NOP+ Beta has achieved significant improvements in peace of mind, comfort and efficiency, it said.

Going forward, NIO will progressively deliver more features through over-the-air updates to continuously enhance the user's smart driving experience, the company said.

NIO CFO says confident of meeting this year's sales target

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NIO’s 1st phone model to be launched in Q3, says William Li

Li also said that 's price cut comes after it faced stiff competition in China, where it does not have pricing power.

(Image credit: CnEVPost)

's (NYSE: NIO) first phone model will be launched and delivered in the third quarter, William Li, the electric vehicle company's founder, chairman and CEO, said today.

Li mentioned the plan in a media group interview today during a forum on China's electric vehicle industry, according to multiple media reports, without providing further details.

Li confirmed in late March last year that NIO would be getting into phone making, saying the company's NIO customers wanted to see a phone that connected better with NIO cars, which prompted the company to look into the industry.

In an internal presentation at the end of November last year, Li said the decision to make the phone was based on long-term strategic thinking over a 5-10 year horizon.

In addition to mentioning a timeline for the launch of the first NIO phone, Li said in an interview with National Business Daily that Tesla doesn't have pricing power in China.

"Tesla's price cut was an action taken after facing stiff competition in the Chinese market, where it doesn't have pricing power," Li said.

Tesla has pricing power in the US market because it has a 60 to 70 percent share in the new energy vehicle (NEV) market there, Li said, adding that in China's NEV market, Tesla has only a 7 percent share.

With 60,766 retail sales in China in January-February, Tesla ranked second in the Chinese NEV market with a 7.8 percent share, according to data released last month by the China Passenger Car Association (CPCA).

retail sales in January-February were 316,417 units, ranking first in China's NEV market with a 40.8 percent share.

NIO sold 20,663 units in the same period, ranking 8th with a 2.7 percent share.

BYD clearly has pricing power, and interestingly, the man at the helm of the NEV giant also mentioned the topic earlier this week.

BYD has pricing power in the price range of RMB 100,000 ($14,560) to RMB 200,000, but the company wants to keep things steady, its chairman and president Wang Chuanfu said at a March 29 investor conference.

BYD doesn't want to make it hard for others to survive, Wang said.

($1 = RMB 6.8690)

The common feature of NIO, Li Auto, XPeng's mobile apps? Pretty girls!

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