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New ES6 review by Telescope: NIO’s complete package

Overall, the ES6 is a very accomplished car. I cannot even pick an obvious problem apart from that lack of storage on the back of the front seat.

This is a guest post by Haoran Zhou, previously a member of 's PR team in China. The review was originally published as a video on the YouTube channel Telescope望远镜.

Hello and welcome to the Telescope. Every week we bring you fresh insight from the biggest car market in the world today.

We're on the launch of the NIO ES6. With over 127k units sold, the ES6 was, is, and by the looks of today, always will be NIO's biggest seller.

I know I said that with the ET5, but some people are not happy with some of the compromises NIO made on the ET5. Because of the battery swap system, for example, the seat height. They think the ride is a bit too harsh. They don't like there's not enough room in the back.

None of those problems exist on the ES6. This finally is the complete package.

The color we have here today is the stratospheric blue. This is the only standard color that's not black, white, and gray. So, this is going to be a very popular color.

We are on the optional twenty-inch wheels. I think this is only €600 extra. And this is on the low rolling resistance Goodyear tire.

In a moment you will see some of the performance footage we did on the airfield. This low rolling resistance tire when you are deliberately trying to extract performance figures out of it there is a difference between this and the Pirelli. But most of the time, I recommend people just buy this.

Several features on the exterior. First is this much bigger air curtain to send some airflow to seal off all of the turbulence and the wake of the front wheels. The second feature is only noticeable at certain angles, but once you notice that you cannot unseen it. This fully flush side window. The B-pillar, C-pillar and D-pillar no longer sticks out. It is fully flush with the side window.

This feature is pioneered by the Porsche Panamera. It's also present on the latest Range Rover. This is a design feature but it also has an aerodynamic benefit. Because once you hide all of these pillars away, the airflow from A-Pillar onwards will stay attached all the way to the rear of the car. That cuts drag.

All of these contribute to the 0.25 drag coefficient for this relatively boxy SUV. This is not a coupe SUV. You will find a coupe SUV that has a lower drag coefficient than this. But you will not find another traditional upright SUV that is as slippery as this.

The ES6 of course has all the cameras and a lidar that is standard on all of the NT 2.0 platform NIO models. This will have all the capabilities we showed you earlier in the ET7 NOP+ video. This of course being a NIO can battery swap.

We did a quick swap on the way here. So this car as big and as wide and as heavy as it is, is actually the most potent long-distance electric SUV on the market today. It's irrelevant about its range. It's so strong on long-distance driving purely because of that battery swap.

The new ES6 is about fifty millimeters lower in height compared to the previous generation, which is actually quite significant. You really see it on the rear of the car. They put more shape into this rear body.

This crease here is actually an aerodynamic feature called "the departure curve" being integrated as a design element. This basically sends the airflow away from the car. This deliberately separates the airflow from following the body all the way around, creating more drag.

This boot is competitive in its class in terms of capacity. This is about 580 liters. So it's right in between the coupe version of the Porsche Cayenne and the regular Porsche Cayenne. You also have over 100 liters of underfloor storage. So practicality wise this is competitive in its class.

I know we already did a static review of the ES6. But at that time that was before the press conference. We were not allowed to sit in the only ES6 available at the time. Now sitting in the car one thing i can tell this windscreen is much smaller in terms of opening area than the previous generation ES6.

I think this is where the lowered fifty-millimeter height comes in. To give an example the previous ES6 feels like it has a windscreen that is as big as a Range Rover Sport. This is more of a BMW X3 size windscreen. You probably don't know what I'm talking about. But

If you have sat in the previous generation ES6, now sitting here, this is the biggest difference in terms of overall visibility that you can tell. The rest of the cabin is 95 percent NIO ES7, which means I think is too good for the intended role of the ES6. The only area you can tell that this car is trying to cut some cost is the lower half of the door. It's using the same recycled plastic fiber seen on the ET5.

In the rear cabin, it's surprisingly spacious. The wheelbase has grown by 15mm. The headroom is actually better than the previous ES6 because they drop the floor by as much as, I think, 9-10cm. That is a huge amount in terms of packaging.

They expanded the panoramic glass, so you get a little bit more room by having the glass extended all the way to the top of your head.

Another important area is the seats. Because the slimmer the seat, especially the seatback, the more room you're going to get for the rear passenger. This seat looks significantly slimmer than the previous generation ES6. That has very bulky, sporty-looking seats. Looks cool but it takes up a lot of space.

This is an in-house developed seat system and it does look much slimmer. But one area I still don't understand is why there is still no storage space on the back of the front seats. I mean this may eat away 2cm of knee room. You have more than two centimeters of knee room available. I'm five foot eleven. This is easily doable if you want to add a storage compartment.

We are on an airstrip to demonstrate the performance, but I don't think there's going to be any doubt about this. All NIO models up until this point have an excessive amount of performance. This is no exception. 490ps, 4.5s to a hundred kph claimed. We're going to show you how does that feel like.

This is on the low-rolling-resistance tire. If we are on the Pirelli P-Zero, this should be even better, especially the braking.

The next part is where I was surprised. I actually drove this car briefly about two weeks ago on a damp track. On the solemn 21m apart, the standard setup, ES6 can regularly maintain close to 60 kph. I have recently driven the best-handling petrol-powered SUV on an F1 track.

That car can also only maintain close to 60 kph. So this car's solemn performance is unusually good. I need to sample more high-performance electric SUVs to see if this is an attribute specific to the ES6 or if it's just that all-electric SUVs are very good at this slalom test.

Now we are out of the airstrip and into the real world. This is a closed-off, very nice piece of mountain road that it is reserved for the ES6 test drive. I am happy to report that this is probably the NIO that most people wanted.

I still prefer the ET5 because it is firmer and sportier. This generation of ES6 is head and shoulders above the previous generation ES6. I criticized the dynamics of the first-generation NIO SUVs in the original ES8 review. I thought it was too comfort biased. The whole car is very floaty. This car is not floaty at all.

NIO achieved all of that improvement while making the spring rate on the suspension softer. Overall, you feel this car is a lot more stable. And it grips the road much better than the previous generation ES6 with none of the wobbly sensations.

Another highlight is the ESP system on this car. You probably saw earlier in a slalom test that it's achieving very good average speed. On a closed-off airstrip and also on these mountain roads, we've tested back-to-back to BMW X3.

It's surprising that, to me anyway, the X3 feels like the more conservative setup on the ESP system. I never thought that day would come for NIO to give the drivers more liberty on the body control of the car.

Another aspect that you know this generation has made a huge leap forward is just that sense of size this car feels on the road. This feels like a much smaller car because the body is and especially the rear and follows the direction so much better.

The previous generation ES6 on the road feels as big as the ES8 while being significantly shorter. This feels like a much smaller car although actually on the size they are virtually the same.

All the time I've been speaking to you on camera, I'm actually in the sport mode which is not a mode that I will use on a previous ES6. All NIO cars previously, they all have a lot of performance. But you never felt like they're set up for enthusiastic driving.

I think this car is set up for the sport mode. Even the sport plus mode is much more usable. For the previous generation cars, not just the ES6, the ES8, and EC6 in general, I will only use the sport plus mode when I was trying to demonstrate performance to new customers or new journalists.

This is actually in daily driving, even the sport plus mode is much more usable. That's just another area you know this car is so much more developed than the previous generation.

Overall, the ES6 is a very accomplished car. I cannot even pick an obvious problem apart from that lack of storage on the back of the front seat.

It's big enough. It's very well made. It's very luxurious inside. It can battery swap. It has very strong autonomous driving hardware. Currently, on software this is behind the Avatar we reviewed a week ago and on the urban assisted driving functions. But NIO will have that function ready before the end of this year.

But currently, the biggest talking point on the ES6 is not about the car itself, because we know how good the ES6 can be. And it really is as good as we expected. But it's about the price.

If I put my ex-NIO employee hat on, and look at the product lineup as a whole. I can very easily give you a very educated guess on the price of this ES6. Actually, I already did that in the static review of the ES6. I guess it will be priced around 358-368k RMB. By the time you're watching this video, you would have already known whether my guess is correct or not.

Because we are filming on May 16, about nine days before the actual launch. I think if you look at this car close enough, you would come to my conclusion that the ES6 is easily worthy of that price. However, whether the market has the patience to find that out, whether the customers have the patience to find that out, is a separate question that I cannot answer.

That is all from the Telescope today. If you enjoy this video, keep watching, keep subscribing, more videos coming along very soon.

NIO ET5 review by Telescope: Open the floodgates

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Li Auto Family Tech Day: 1st BEV named Li MEGA, aims to be top seller above $70,000 in China

"We are confident that it will be the No. 1 seller of all passenger cars priced at RMB 500,000 ($70,160) or more, regardless of energy form and regardless of body form," said.

Li Auto (NASDAQ: LI) announced the naming of its first battery electric vehicle (BEV) model and set an ambitious goal for its sales.

Li Auto's first BEV, its super flagship model, has been officially named Li MEGA and is expected to be released by the end of 2023, the company announced today at its first Family Tech Day event held at its facility in Changzhou, Jiangsu province.

"We are confident that it will be the No. 1 seller of all passenger cars priced at RMB 500,000 ($70,160) or more, regardless of energy form and regardless of body form," the company said.

Li MEGA will break the traditional perception that high-end pure electric vehicles cannot be hot sellers, Li Auto said.

Li Auto currently has three models on sale, the five-seat Li L7, and the six-seat Li L8 and Li L9, all of which are extended-range electric vehicles (EREVs), essentially plug-in hybrids.

The Li MEGA will be Li Auto's first foray into the BEV market, and it will be an MPV (multi-purpose vehicle, or van) model, according to information it previously shared.

By 2025, Li Auto's product array will include one super flagship model, five EREVs, and five BEVs, it said on the first day of the Shanghai auto show on April 18.

By then, Li Auto's models for the market priced above RMB 200,000 will fully meet the needs of family users, the company previously said.

Li Auto models currently on sale have a starting price range of RMB 319,800 to RMB 459,800.

Li Auto's first all-electric model will be the world's first to feature 's 4C Qilin Battery, it said on April 18.

C refers to the battery's charge multiplier, and 4C means that the pack can theoretically be fully charged in a quarter of an hour.

Notably, Li Auto began today's Family Tech Day event by introducing its 5C charging solution, which it said allows for charging power of more than 500 kW.

Li Auto has developed its own 800 V high-voltage all-electric platform and will mass-produce 5C all-electric vehicles, it said.

The company has optimized the battery at the system level to take fuller advantage of the battery's 5C charging multiplier, giving vehicles a range of 400 kilometers in 9 minutes and 30 seconds and 600 kilometers in 22 minutes of charging.

As a comparison, 's latest V3 Supercharger has a peak charging power of 250 kW and can charge the vehicle with up to about 250 km of range in 15 minutes at peak power.

Li Auto will fast-track the deployment of the 5C supercharging network, completing more than 300 supercharging stations by the end of this year and more than 3,000 by 2025, it said.

Li Auto did not say whether Li MEGA will use that 5C solution, but said that with mass deliveries of its 5C BEV models, more Chinese households will enjoy the high-voltage, pure-electric technology that will replace fuel-powered vehicles on a large scale.

The company unveiled its auto-charging robot at today's event, saying it will provide an energy replenishment experience that goes far beyond refueling.

Li Auto's vehicles will automatically drive to charging spaces and park themselves, and the charging robot can automatically connect, charge and settle with the vehicle through visual recognition.

Li Auto also announced its progress on advanced driver assistance systems, saying it will open internal testing of City NOA (Navigation on ADAS) in Beijing and Shanghai this month.

In the second half of the year, Li Auto will open up the commute NOA feature and make City NOA available in more cities, it said.

For the commute NOA feature, vehicles can be activated for simple routes in less than 1 week and trained for more complex routes in 2-3 weeks.

Li Auto estimates that commute NOA can cover more than 95 percent of commuting scenarios, making the vehicle a "dedicated elevator" for owners.

The company said its City NOA is the first in China that doesn't rely on high-precision maps, and with the help of AI big models, will achieve driving performance close to that of a human driver.

Li Auto also unveiled the progress of its in-car voice assistant, Lixiang Tongxue, at today's event, saying it built Mind GPT, a cognitive big model, to make the feature even smarter.

With the help of Mind GPT, Lixiang Tongxue can turn into a teacher for users, a professional car butler, an expert in teaching drawing and programming, Li Auto said.

In addition to its technological advances, Li Auto announced that its 400,000th vehicle rolled off the assembly line today.

Li Auto delivered a record 28,277 vehicles in May, bringing cumulative deliveries to 363,876.

($1 = RMB 7.1266)

Li Auto says confident it will outsell German luxury brands in China in 2024

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NIO starts delivery of ET5 Touring in China

The ET5 Touring vehicles currently being delivered by are produced in advance, and consumers who customize the model will have to wait about 3-4 weeks.

(Image credit: NIO)

NIO (NYSE: NIO) today began delivery of the ET5 Touring, which was officially launched in China and Europe yesterday.

The first owners from several cities across China took delivery of the ET5 Touring on June 16, NIO said in an article posted on its mobile app.

NIO did not announce the number of ET5 Touring deliveries today, though it shared images showing deliveries in cities including Xiamen, Suzhou, Chengdu and Guangzhou.

NIO officially launched the ET5 Touring yesterday, and its pricing is identical to that of the regular ET5.

Including the battery, the version with the 75-kWh battery pack starts at RMB 298,000 ($41,860) and the 100-kWh version at RMB 356,000.

Chinese consumers who choose to purchase the model using the BaaS (battery as a service) service will see the prices start at RMB 228,000 for both versions, with monthly battery rental costs of RMB 980 and RMB 1,680 respectively.

It is worth noting that the ET5 Touring vehicles delivered today are not customized, but were produced by NIO in advance based on designer-recommended configurations to enable quick first delivery.

Consumers who currently customize the ET5 Touring are expected to receive delivery in about 3-4 weeks after locking in their orders, as shown by the information on the configurator for the model in the NIO App.

This is the same approach NIO took when it launched the new ES6 on May 24, when it began deliveries of the SUV the night of the launch.

The pricing of the ET5 Touring was a surprise, as it was previously widely seen to be priced RMB 10,000 to 20,000 higher than the regular ET5.

"Pricing of ET5 Touring is more competitive than we thought -- on par with the incumbent ET5 sedan at Rmb 298k+," Morgan Stanley analyst Tim Hsiao's team said in a research note sent to investors yesterday.

With NIO's broad price cut and the rapid rollout of the new NT 2.0 model, its sales can rebound considerably in the second half of the year, paving the way for 20,000 units per month, Deutsche Bank's Edison Yu's team said in a research note sent to investors today.

Here are more images of the first ET5 Touring deliveries shared by NIO on its mobile app.

(1 $= RMB 7.1193)

NIO ET5 Touring pricing 'a pleasant surprise,' says Morgan Stanley

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Huawei-backed AITO to launch flagship SUV M9 in Q4

The AITO M9 will be built on a new 800 V high-voltage platform, on which will place its new technologies in the cockpit and smart driving areas, according to Richard Yu.

AITO, the car brand backed by Chinese tech giant Huawei, will launch its flagship SUV, the M9, later this year, which will be its third model after the M5 and M7.

The AITO M9 will hit the market in the fourth quarter and will go beyond expectations in terms of luxury, comfort, quietness and intelligence, Richard Yu, CEO of Huawei's intelligent vehicle solutions business, said in a speech at an automotive industry conference in Shenzhen today.

"We have confidence that the M9 will be the most luxurious, highest-end and smartest car in the entire market," he claimed.

The AITO M9 will be built on a new 800 V high-voltage platform on which Huawei will place its new technologies in the cockpit and smart driving areas, according to Yu.

The model will be available in both an extended-range electric vehicle (EREV) version and a battery electric vehicle (BEV) version, he said.

The AITO M5 is currently available in both EREV and BEV versions, while the M7 is only available in an EREV version.

The M9 will be a mobile smart home, office, and mobile smart bedroom, he said, adding that Huawei has very new technologies and experiences to bring to consumers.

AITO is the premium car brand that Huawei and Seres launched on December 2, 2021. It announced the AITO M5 on December 23, 2021, and the AITO M7 on July 4, 2022.

Deliveries of the AITO M5 begin in March 2022 and the first deliveries of the AITO M7 took place on August 24, 2022.

The M5 currently has a starting price range of RMB 259,800 ($36,530) to RMB 331,800 and the M7 is RMB 289,800 to RMB 379,800.

The brand saw strong deliveries in the second half of last year, but this year has been weak.

AITO delivered 5,629 vehicles in May, up 22.77 percent from April. From January to May, it delivered 21,873 vehicles.

In his speech today, Yu gave his view of the Chinese auto industry, saying that competition will become more intense and there will be a big reshuffle in the future.

(1 $= RMB 7.1118)

AITO deliveries in May: 5,629

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BYD rolls out 4 models in Italy as it expands presence in European passenger car market

held a brand and product launch event in Italy, introducing the BYD Atto 3, Han, Dolphin and Seal to local consumers.

(Image credit: BYD)

BYD (OTCMKTS: BYDDY) has officially entered the Italian passenger car market, as it expands its presence in Europe.

The Chinese new energy vehicle (NEV) giant held a brand and product launch event in Italy on June 13, introducing the BYD Atto 3, Han, Dolphin and Seal to local consumers, according to a press release today.

Italy is an important European automotive market and holds a significant position in BYD's efforts to enter overseas markets, BYD said, adding that it introduced new energy commercial vehicles to Italy in 2013.

In the passenger car segment, BYD will work with a number of core local dealers, with the first five stores opening in cities including Milan, Turin and Florence, it said.

The Atto 3, BYD's first global model, is known in China as the Yuan Plus and is already available in multiple overseas markets.

At the Monza Motor Show in Milan, to be held in mid-June, the Atto 3 will be open to the Italian public for test drives, BYD said.

In the future, BYD will continue to increase its localization investment in the Italian market and expand its passenger car model matrix, the company said.

BYD, China's largest NEV maker, stopped production and sales of vehicles powered entirely by internal combustion engines last March to focus on plug-in hybrids and pure electric vehicles.

The company sold 240,220 NEVs in May, up 108.99 percent from 114,943 units a year earlier and up 14.23 percent from 210,295 units in April, according to figures it announced earlier this month.

In May, BYD sold 10,203 NEVs in overseas markets, down 31.19 percent from 14,827 units in April.

In Europe, BYD entered the passenger car markets including Germany, Sweden and Denmark last year and came into the UK in March this year.

BYD officially names F brand Fang Cheng Bao, initial model to be launched this year

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NIO ET5 Touring pricing ‘a pleasant surprise,’ says Morgan Stanley

While touring cars might be relatively niche compared to sedans, some comparable offerings in the market can still deliver monthly sales of about 10,000 units on a consistent basis, Tim Hsiao's team said.

(Image credit: CnEVPost)

(NYSE: NIO) officially launched the ET5 Touring yesterday, and its pricing looks competitive to analysts.

"Pricing of ET5 Touring is more competitive than we thought -- on par with the incumbent ET5 sedan at Rmb 298k+," Morgan Stanley analyst Tim Hsiao's team said in a research note sent to investors yesterday.

While the segment could be relatively niche, NIO management believes the ET5 Touring is likely to outsell its sedan version, the team noted.

In China, the available versions and pricing of the ET5 Touring are identical to those of the regular ET5 sedan.

Including the battery, the 75-kWh version starts at RMB 298,000 ($41,890) and the 100-kWh version at RMB 356,000.

Chinese consumers who choose to purchase the model using the BaaS (battery as a service) service will see the prices start at RMB 228,000 for both versions, with monthly battery rental costs of RMB 980 and RMB 1,680 respectively.

Compared to the regular ET5, the ET5 Touring has more rear-seat headroom, and more vertical space in the trunk, while it also has a lower driving position, and the option for electrochromic sunroofs, Hsiao's team noted.

"Such retrofits will help increase the TAM of the ET5 family by attracting users who attach greater value to the in-car space," the team said.

It's worth noting that in China, derivatives of sedans are a niche market.

However, the unexpected success of the 001, the first model of 's Zeekr brand, has made such models increasingly popular.

For the full year 2022, Zeekr delivered 71,941 Zeekr 001s, reaching its goal of delivering 70,000 vehicles for the year.

While touring cars might be relatively niche compared to sedans, some comparable products in the market still manage to deliver monthly sales of about 10,000 units on a consistent basis, according to Hsiao's team.

In China, the competitive landscape in the touring market is relatively benign, with the main comparables coming mainly from foreign brands such as the Audi S4, Mercedes-Benz CLA and Volvo V60, according to the team.

Whether NIO can successfully ramp up sales of the ET5 Touring in the coming months to meet its goal of reaching 20,000 units per month in the second half of the year remains to be seen, the team said, adding that the company's management expects the ET5 family to contribute about 30 percent of sales.

The ET5 sedan, ET5 Touring and the new ES6 will dominate NIO's sales, Hsiao's team said.

NIO launched the new ES6, the most important model in its history, in China on May 24, with deliveries starting on launch night.

As with the new ES6, NIO produced some ET5 Touring vehicles in advance based on a combination of designer-recommended configurations, and its deliveries officially began today.

($1 = RMB 7.1136)

NIO launches ET5 Touring in China with same pricing as regular ET5

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NIO’s urgency to capture volume and cut expenses finally here, says Deutsche Bank

With 's broad price cuts and the rapid rollout of new NT 2.0 models, it could see a considerabe sales rebound in the second half of the year, according to Edison Yu's team.

NIO (NYSE: NIO) management expressed a rare cautious approach to future spending during last week's earnings call, and this week let the purchase threshold for the entire lineup drop. To Deutsche Bank, this series of moves suggests that NIO is finally starting to show real urgency.

"Our main takeaway following 1Q earnings and hosting NIO management (CFO in person in NYC this week) is that the urgency to capture volume and cut back spending is finally here," analyst Edison Yu's team said in a research note sent to investors today.

With NIO's broad price cut and the rapid rollout of the new NT 2.0 model, its sales can rebound considerably in the second half of the year, paving the way for 20,000 units per month, the team said.

In addition, as NIO reduces spending on non-core initiatives, its operating expenses and capital expenditures should be much more controlled, the team added.

NIO reported weaker-than-expected first-quarter results on June 9, with gross margins falling to just 1.5 percent due to promotional activities.

The company's management said during the earnings call that NIO will manage its cash flow carefully, postpone some of its fixed asset investments and focus on the countries it has already entered in Europe.

NIO is confident that it will see sales of more than 20,000 units per month in the second half of the year, William Li, the company's founder, chairman and CEO, said at the time.

On June 12, NIO lowered the starting prices of its entire new model lineup by RMB 30,000 yuan ($4,200), but the previously free battery swap service several times a month became a paid option.

Yu's team said in the research note today that they applaud the move as demand for NIO's existing models, particularly sedans, has been struggling in recent months.

"In our view, pricing is an issue for getting incremental buyers considering premium BEVs in general have sold poorly this year," the team wrote.

Despite the ongoing platform changeover for NIO's three first-generation SUVs, combined sales of the Avatr 11, IM LS7 and G9 averaged only about 4,500 units per month this year, about half of what the Audi Q5 sells locally in China, the team noted.

NIO's pricing is the highest among the upstart brands. In addition to price adjustments, the company must effectively compete with internal combustion engine vehicle makers, and extended-range electric vehicle (EREV) makers, and enhance its brand appeal, Yu's team said.

The electrification of China's premium car market appears to be proceeding more slowly, which may be counterintuitive to those outside of China, the team said.

They explained further:

Based on our analysis of the premium SUV market (>300k RMB), the BEV mix is only 12% YTD, compared with PHEV (includes EREV) at 18%, leaving 70% for ICE.

This compares with the overall market that is 21% BEV and 10% PHEV, showing customer preferences are quite different depending on the sub-segment.

The team's interpretation of this is that the EREV value proposition is resonating with a broader audience than expected, and has done a very effective job at maximizing.

In addition, Yu's team believes that NIO's brand appeal has hit a wall of sorts as it struggles to gain momentum outside of Shanghai and surrounding provinces and outside of financial and tech social circles.

The performance of NIO's best-selling ET5 is a case in point. Nearly 40 percent of the model's sales come from Shanghai and surrounding provinces, and while the ET5 theoretically has the broadest appeal among NIO's offerings, sales in the south have been quite poor, the team said.

"Moreover, based on our channel checks, affluent older customers simply are not buying into the brand (yet) and still prefer traditional BBA cars (i.e., greater loyalty)," the team said.

For investors, they are shifting to a less negative view as NIO's sales and cash burn trajectory appears to be reversing, the team said.

Depending on how the second half of the year plays out, NIO's stock price could remain volatile until there is a clear upward trajectory in sales, according to the team.

($1 = RMB 7.1236)

BREAKING: NIO cuts starting prices by $4,200 for all models and makes battery swap benefits optional

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