Tagged: China

NIO’s 1st 10 3rd-gen swap stations go into operation

aims to have more than 2,300 battery swap stations in China by the end of 2023, and the number stood at 1,342 as of April 13.

(Image credit: NIO)

NIO's (NYSE: NIO) first 10 third-generation battery swap stations went live today in 10 Chinese cities, marking the start of its aggressive infrastructure buildout this year.

The electric vehicle company had said on March 20 that its first 10 third-generation battery swap stations would go live on March 28. But that didn't happen, and NIO only made the next-generation stations' real-life debut that day.

The cities that saw the first third-generation NIO battery swap stations go live were Shanghai, Beijing, Shenzhen, Hefei, Chengdu, Haikou, Wuxi, Zhengzhou, Qingdao and Harbin, according to an article posted today on NIO's mobile app.

The sites for the 10 third-generation battery swap stations were decided by 866 NIO users through the NIO App's wish list feature, according to the article.

As of April 13, NIO has accumulated 1,342 battery swap stations in China, of which 351 are located along highways.

NIO also has 2,451 charging stations, including 14,541 charging piles. Its charging map has access to more than 680,000 third-party charging piles in China.

NIO announced late last year a plan to add 400 battery swap stations in 2023, but that plan was raised to 1,000 on February 21.

William Li, NIO's founder, chairman and CEO, said at the time that the company would further accelerate the deployment of battery swap stations, aiming to have more than 2,300 battery swap stations in China by the end of 2023.

Mass production of NIO's third-generation battery swap stations was well underway, with volume production expected to begin in April and deployment of stations accelerating in May, Li said at the time.

Starting in June, NIO will basically keep building 120-150 battery swap stations per month, he said.

NIO's third-generation battery swap station, released at the NIO Day 2022 event on December 24, 2022, can store up to 21 battery packs, up from 13 for its predecessor generation and five for the first generation of the facility.

This next-generation facility increases the daily service capacity of a single site to 408 services, a 30 percent increase over the second generation.

Notably, some of NIO's third-generation battery swap stations will be equipped with two LiDARs and two Nvidia Orin chips, for a total computing power of 508 TOPS.

NIO reveals aggressive plan to add 1,000 swap stations in 2023

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Insurance registrations for week ending Apr 9: Tesla 6,973, Li Auto 4,177, NIO 1,316

Starting this week, insurance registration data will no longer be available, with Li Auto's sharing a surprise exception.

The major sources that provide insurance registration data for China's auto industry have stopped sharing the data, but Li Auto (NASDAQ: LI) has shared content that allows us to still have access to some of the data.

For the week of April 3 to April 9, Li Auto sold 4,177 units, far outpacing other new car brands and again becoming the weekly sales leader for new brands in the Chinese market, the automaker said yesterday on Weibo.

Li Auto didn't specify what the sales figure was based on, though they were apparently insurance registrations. Previously, we had access to those numbers every Tuesday, and Li Auto's practice for the past two weeks has been to share some of them on Wednesdays.

The tables shared by the extended-range electric vehicle (EREV) maker show that NIO (NYSE: NIO) vehicles had 1,316 insurance registrations last week, and (NYSE: XPEV) had 904.

Neta vehicles had 1,526 insurance registrations last week, Zeekr had 1,476 and Leapmotor had 1,157.

Li Auto's tables also provided insurance registrations for vehicles from luxury brands in China last week, with Mercedes-Benz in the top spot with 14,817, BMW in second with 13,506, and Audi in third with 10,573.

Tesla came in fourth with 6,973 units and Li Auto in fifth. Lexus was No. 9 with 1,493 units, and NIO was No. 10.

The vendor that provided us with the data said they will not be able to continue to provide such data, saying it was the decision of the data source.

The bloggers who previously shared the data on Weibo have also stopped sharing such data.

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

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Zeekr launches Zeekr X SUV to gain further share from market dominated by German luxury automakers

CEO believes that despite having a presence in the compact car market, German luxury brands are not offering any truly competitive luxury products.

(Image credit: CnEVPost)

German luxury automakers are seeing a loss of share in the premium market in China as they are slow to make the transition to electrification. Now, with the launch of a new electric SUV with strong performance and competitive pricing, this process could be further accelerated.

Zeekr, Geely Holding Group's premium electric vehicle (EV) brand, officially launched its third model, the Zeekr X, at an event in the southwestern Chinese city of Chengdu on Wednesday.

The model is based on Geely's Sustainable Electric Architecture (SEA) and is positioned as an urban sport utility vehicle suitable for adults, children and any accompanying pets, Zeekr said.

(Image credit: CnEVPost)

With a length, width and height of 4,450mm, 1,836mm and 1,572mm respectively, and a wheelbase of 2,750mm, the Zeekr X is a typical compact SUV.

Zeekr hopes to disrupt the compact luxury car market, which is dominated by Mercedes-Benz, BMW and Audi, with the SUV. Andy An, its CEO, said at the launch that the market currently has only luxury brands but no real luxury products.

With the launch of the Zeekr X, compact size no longer means sacrificing space, performance or features, An said.

Zeekr has packed the Zeekr X with a host of features that feel fresh, including facial recognition unlocking, a moveable center screen, electric folding rear seats, and an in-car refrigerator that can provide temperatures as low as -15 degrees Celsius.

(Image credit: Zeekr)

In terms of performance, the dual-motor version of the Zeekr X boasts a combined maximum power of 315 kW and maximum torque of 543 Nm, and can sprint from 0 to 100 km/h in 3.7 seconds.

Even the single-motor version of the Zeekr X can accelerate from 0 to 100 km/h in 5.8 seconds.

This kind of powerful performance from a compact model is not often seen in the Chinese auto industry, and such markets are usually considered niche markets.

However, An said in a media group interview after the launch that the compact market lacks true luxury products and that this needs to be fundamentally changed.

(Image credit: CnEVPost)

An does not believe it is reasonable to judge a model's potential by the existing market landscape, because as long as a car company offers a product that meets demand, the market will get bigger, as proven by Zeekr's first model, the Zeekr 001.

The shooting brake market targeted by the Zeekr 001 was previously seen as having a very small total addressable market in China, but the model was an unexpected success and 71,941 units were delivered in 2022.

The Zeekr X is available in three versions, one starting at RMB 189,800 ($27,610) and the other two at RMB 209,800.

An told media, including CnEVPost, after the event that Zeekr will not launch models priced lower than the Zeekr X.

All three versions of the Zeekr X are powered by a ternary lithium battery pack with a capacity of 66 kWh and a CLTL range of up to 560 km.

The Zeekr X is already taking pre-orders and deliveries will start in June.

In response to a question from CnEVPost, An said the company is targeting 40,000 deliveries of the SUV this year.

In addition to being available in China, the Zeekr X will also be available in Europe. An said there is plenty of room in the global market for compact SUVs.

An mentioned that the Zeekr 001 will also be brought to Europe, without revealing more about when, but said Zeekr will officially unveil its European strategy at the Shanghai auto show in a few days.

The Zeekr 001 was launched on April 15, 2021, and deliveries began in October 2021. On November 1, 2022, Zeekr's second model, the Zeekr 009 MPV, was launched, and deliveries began on January 15.

Zeekr aims to double its sales to about 140,000 units this year. It delivered 15,234 vehicles in the first quarter of the year, and the goal means it needs to deliver an average of about 14,000 vehicles per month next.

($1 = RMB 6.8748)

(Image credit: CnEVPost)

Zeekr aims for 140,000 sales in 2023, to launch 2 new models, CEO says in internal letter

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