Smart and Sustainable Electric Mobility
The ES8 and EC7, Nio's highest priced models, both previously saw wait times reduced from 4-5 weeks to 3-4 weeks on October 11.
The post Nio ES8, EC7 wait times further reduced to 2-3 weeks appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Aito's new M7, which was launched on September 12, has more than 60,000 firm orders in the first month of its launch.
The post Huawei-backed Aito to offer up to $1,370 subsidy for delivery delays as firm orders for new M7 exceed 60,000 appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Three days ago, on October 8, wait times for four of Nio's least expensive models were all reduced to 2-3 weeks.
The post Nio's 2 priciest models, ES8 and EC7, both see wait times reduced to 3-4 weeks appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Four lower-priced models of Nio now see wait times of 2-3 weeks, with the flagship SUV ES8 also shortened from 5-6 weeks to 4-5 weeks.
The post Most Nio models see shorter wait times, half at 2-3 weeks appeared first on CnEVPost.
For more articles, please visit CnEVPost.
The new EC6, like the ES6 and EC7, has an expected delivery time of 3-4 weeks, the shortest in Nio's product lineup.
The post Nio's new EC6 has delivery wait time of 3-4 weeks appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Wait times for the Nio ES8 have been shortened from 6-7 weeks to 5-6 weeks, the EC7 has been shortened from about 4 weeks to 3-4 weeks, and the ET5 and ET5 Touring have both gone from about 3 weeks to 4-5 weeks.
The post Nio ES8, EC7 wait times get shorter, ET5, ET5 Touring get longer appeared first on CnEVPost.
For more articles, please visit CnEVPost.
The Model Y Long Range's wait time in China has gone from 2-6 weeks previously to 6-8 weeks, after the model's price was cut on August 14.
The post Tesla Model Y Long Range wait time gets longer in China appeared first on CnEVPost.
For more articles, please visit CnEVPost.
The ES8 delivered 1,917 units in July, up 226.02 percent from June and a new high since December 2021.
The post Nio ES8 wait time gets slightly shorter in China appeared first on CnEVPost.
For more articles, please visit CnEVPost.
The ES6 now has a wait time of 3-4 weeks, the ET5 and ET5 Touring are both about 3 weeks, and the ES8 is 8-9 weeks.
The post Nio has updated configurators for all models, here are latest wait times appeared first on CnEVPost.
For more articles, please visit CnEVPost.
As of July 5, Xpeng's US-traded ADR was up about 75 percent cumulatively since June 9, when the G6 began pre-sales.
(Image credit: CnEVPost)
Xpeng's (NYSE: XPEV) new SUV, the G6, has received good initial acceptance and now the company has an important task: ramping up production capacity as soon as possible.
Customers have been very enthusiastic about the G6, and those who order it now will have to wait about 10 weeks, Brain Gu, Xpeng's vice chairman and president, told English-language media reporters, including CnEVPost, at an online conference Wednesday night.
Xpeng wants shorter and shorter delivery cycles for the G6, but right now the model still needs capacity ramp-up, Gu said.
He mentioned that the G6 has received a significant number of orders, which would help Xpeng see monthly deliveries reach 15,000 units in the third quarter and 20,000 units in the fourth quarter.
Xpeng officially launched the G6 in China on June 29 with a starting price of RMB 209,900 ($28,980), significantly lower than the starting price of RMB 263,900 for the Tesla (NASDAQ: TSLA) Model Y, its main competitor, in China.
The company began pre-sales for the G6 on June 9 and later announced that the model had received more than 25,000 orders within 72 hours.
At the launch event on June 29, Xpeng chairman and CEO He Xiaopeng said the G6 had more than 35,000 pre-sales orders as of June 28 since the pre-sale.
The G6 is expected to become the top-selling smart electric SUV priced at the RMB 250,000 level in China within two months, he said at the time.
In an interview with local media following the G6 launch, Mr. He said the G6's monthly sales target is at least 10,000 units.
CnEVPost's latest look at the Xpeng app shows that the G6's lower-priced Pro versions all currently have an estimated wait time of 10 weeks, while the Max versions all have 12 weeks.
As the electric vehicle industry in China becomes more competitive, quick deliveries are important to capitalize on the initial hype of new models.
Xpeng's local peer Li Auto (NASDAQ: LI) has proven this to be true, with its three models -- the Li L7, Li L8 and Li L9 -- all currently having 2-4 week wait times.
Nio (NYSE: NIO) also learned its lesson when it launched several new models this year, with deliveries of the new ES6 starting the night it was launched on May 24 and the ET5 Touring on June 16, the day after its launch.
Although the G6 is seen as critical to Xpeng, the company's management believes a car company cannot bet its future on just one model.
In the auto industry, carmakers need to think long-term and be systematically competitive, Mr. He said earlier this month.
Investors are clearly bullish on the G6's potential, with Xpeng's US-traded ADRs up about 75 percent cumulatively as of July 5 since the G6 began pre-sales on June 9.
($1 = RMB 7.2433)
Xpeng delivers 8,620 vehicles in Jun, Q2 deliveries exceed guidance range
The post Xpeng works to boost capacity as G6 wait time exceeds 10 weeks appeared first on CnEVPost.
For more articles, please visit CnEVPost.
