The Niutron NV is ready to hit the production line with 381 hp and 560 km of range. But it is called Docan V07 now.
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NIO ET5 Touring has 3-4 weeks delivery wait time in China after launch
NIO has produced some ET5 Touring vehicles based on designer-recommended configurations, and deliveries of these non-customized vehicles will officially begin on June 16.
(Image credit: CnEVPost)
NIO (NYSE: NIO) launched the ET5 Touring, a derivative of the ET5 sedan, in China yesterday, and consumers who want to order a customized vehicle will have to wait about a month to get delivery.
Consumers who currently customize the ET5 Touring are expected to get delivery about 3-4 weeks after locking in their orders, information on the configurator for the model in the NIO App shows.
Pricing for the ET5 Touring in China is identical to that of the regular ET5, starting at RMB 298,000 ($41,760) for the version with the 75-kWh battery pack and RMB 356,000 for the 100-kWh version, including the battery.
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.
NIO began allowing consumers to lock in their orders for the ET5 Touring after the model's launch, and the company has already produced some ET5 Touring vehicles based on designer-recommended configuration combinations, with deliveries set to begin on June 16.
The wait information for other NIO models is unchanged today from what was shown previously.
The expected delivery time for the new ES8, which was launched at NIO Day 2022 on December 24 last year, remains June.
The wait time for the ES7 remains about 3 weeks. The model was launched on June 15, 2022, with first delivery on August 28, 2022.
The wait time for the new ES6 is still about 5 weeks, the model was launched on May 24 and deliveries started that night.
The wait time for the EC7 is about 4 weeks, the model was launched on NIO Day 2022 on December 24, 2022, and the first delivery was on April 28 this year.
The wait time for the ET7 is about 3 weeks. NIO launched the 2023 ET7 on the first day of the Shanghai auto show on April 18, with deliveries starting on May 19.
The wait time for the regular ET5 is about 3 weeks. The model was launched on NIO Day 2021 in December 2021, and the first delivery was on September 30, 2022.
($1 = RMB 7.1356)
NIO launches ET5 Touring in China with same pricing as regular ET5
(Screenshots on June 16.)
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Tesla starts offering insurance subsidies for car purchases in China again
From June 16 to June 30, Chinese consumers can receive an RMB 8,000 insurance subsidy if they purchase a rear-wheel drive version of the Model 3 that has already been produced.
(Image credit: CnEVPost)
Tesla (NASDAQ: TSLA) first started offering insurance subsidies in China last September, and cut its prices about a month later.
Now the electric vehicle (EV) maker is offering the subsidy again, but this time the situation may be more complicated.
From June 16 to June 30, Chinese consumers who buy and complete delivery of an already produced rear-wheel drive version of the Model 3 will be eligible for an insurance subsidy of RMB 8,000 ($1,120), according to a poster by Tesla on Weibo today.
Tesla has a factory in Shanghai that produces the Model 3 sedan and the Model Y SUV. The Model 3 is available in two versions -- a rear-wheel drive version and a dual-motor all-wheel drive Model 3 Performance, starting at RMB 231,900 and RMB 331,900 respectively.
For customized vehicles, the expected delivery dates for both versions of the Model 3 are 1-4 weeks, consistent with previous information on Tesla's China website.
In addition to the RMB 8,000 insurance subsidy, Chinese consumers who purchase the Model 3 rear-wheel drive version in stock now can also receive a loan option with a lower interest rate, Tesla's poster shows, without providing details.
On September 16, 2022, Tesla began offering subsidies for owners to purchase vehicle insurance in China after the wait times for Model 3 and Model Y custom vehicles saw multiple reductions in the previous two months.
At that time, the subsidy was valid from September 16 to September 30, and consumers who chose to purchase insurance in a Tesla store could receive a subsidy of RMB 8,000 for new Model 3 and Model Y vehicles.
On October 1, 2022, as the subsidy expired, Tesla extended it to the end of last year.
On October 24, 2022, Tesla cut the prices of the entire Model 3 and Model Y lineup in China, with the entry-level Model Y dropping below RMB 300,000 to take advantage of the then-available state subsidy.
It is worth noting that the latest move by Tesla may involve the upcoming launch of an improved version of the model.
On March 1, Reuters reported that Tesla was working to retool its Shanghai assembly plant for a revamped version of the Model 3, a project codenamed Highland by Tesla.
The Highland version of the Model 3 is expected to go into production in Shanghai in September, the Reuters report said, citing a person familiar with the matter.
With Highland, Tesla aims to cut production costs and boost the appeal of the electric sedan, which debuts in 2017, people involved in the project said.
On May 16, a Bloomberg report cited people familiar with the matter as saying that Tesla was nearing the final stages before starting trial production of its updated Model 3 sedan in Shanghai.
Tesla sold 42,508 units at retail in China in May, ranking third in the country's new energy vehicle market with a 7.3 percent share, according to data released by the China Passenger Car Association (CPCA) on June 9.
Model 3 retail sales in China in May were 11,454 units, up 189.97 percent year-on-year, but down 13.20 percent from April.
Model Y retail sales in China in May were 31,054 units, up 428.58 percent year-on-year and up 16.05 percent from April.
The Model Y was the best-selling SUV in China in May, ahead of the second-place BYD Yuan Plus with 26,072 units and the third-place BYD Song Plus with 22,079 units.
Tesla Model Y best-selling SUV in China in May with 31,054 units sold
($1 = RMB 7.1301)
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SAIC’s Roewe D7 electric sedan official images released in China with 610 km range
The D7 is the first model under Roewe's "D" new energy product series as part of SAIC's "Three-Year Action Plan for New Energy Vehicle Development."
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NIO launches ET5 Touring and EL6 in Europe, deliveries to start in Q4
The ET5 Touring and EL6 are priced higher in Europe than in China due to factors including transportation costs, local taxes and operating costs.
(Image credit: NIO)
Hours after the ET5 Touring was launched in China, NIO (NYSE: NIO) rolled out the model, as well as the EL6, known in China as the new ES6, in Europe.
Both models will be available in Germany, the Netherlands, Sweden, Denmark and Norway, and deliveries will both begin in the fourth quarter.
Including the battery, the ET5 Touring starts at 59,500 euros ($65,130) in Germany for the 75-kWh standard range version and 68,500 euros for the 100-kWh long-range version.
For reference, both versions of the ET5 Touring start at the same prices in China as the regular ET5, RMB 298,000 ($41,820) and RMB 356,000 respectively.
In the Netherlands, the starting price for the 75-kWh ET5 Touring is €63,900 ($69,930) and the 100-kWh version is €72,900.
They cost 706,000 SEK ($66,560) and 816,000 SEK in Sweden, 517,000 DKK ($75,950) and 637,000 DKK in Denmark, and 532,869 NOK ($50,740) and 620,619 NOK in Norway, respectively.
NIO ET5 Touring Price with Battery in Europe
| NIO ET5 | Germany | Netherlands | Sweden | Denmark | Norway |
|---|---|---|---|---|---|
| 75-kWh | 59,500 EUR | 63,900 EUR | 706,000 SEK | 517,000 DKK | 532,869 NOK |
| 100-kWh | 68,500 EUR | 72,900 EUR | 816,000 SEK | 637,000 DKK | 620,619 NOK |
For the EL6, including the battery, the 75-kWh starts at €65,500 in Germany and €74,500 for the 100-kWh version. Because of the lawsuit with Audi, NIO's ES series models have been rebranded as the EL series in Europe.
The EL6 starts at €67,900 and €76,900 in the Netherlands, SEK 769,900 and SEK 879,000 in Sweden, DKK 547,000 and DKK 667,000 in Denmark, and NOK 595,016 and NOK 682,766 in Norway, respectively.
Including the battery, the starting price of the new 75-kWh ES6 in China is RMB 338,000, and RMB 396,000 for the 100-kWh version.
NIO EL6 Price with Battery in Europe
| NlO EL6 | Germany | Netherlands | Sweden | Denmark | Norway |
|---|---|---|---|---|---|
| 75-kWh | 65,500 EUR | 67,900 EUR | 769,000 SEK | 547,000 DKK | 595,016 NOK |
| 100-kWh | 74,500 EUR | 76,900 EUR | 879,000 SEK | 667,000 DKK | 682,766 NOK |
NIO has previously said that the base prices of its models are essentially the same globally, with the difference being that they take into account factors including transportation costs, local taxes and operating costs in different regions.
If consumers choose to purchase the ET5 Touring or EL6 using the BaaS (battery as a service) model, the starting price in Germany is €12,000 lower for the 75-kWh version and €21,000 lower for the 100-kWh version.
It is worth noting that NIO's battery swap stations in Europe are only available to owners of vehicles purchased using the BaaS model. In China, these stations are available to all NIO consumers whether they purchase a model with batteries included or based on the BaaS model.
In addition to the purchase option, NIO also offers a subscription option in Europe. In Germany, for the EL6, if consumers choose a fixed-term subscription of 36 months, the monthly price is €1,179 for the 75-kWh version and €1,309 for the 100-kWh version.
($1 = RMB 7.1264, $1 = EUR 0.9136)
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Geely Galaxy L6 was exposed by Chinese Government before the official launch
The Geely Galaxy L6 is an affordable sedan with 1,300 km of PHEV range and 390 hp. To launch in China in September 2023.
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Battery firm reboots Tesla Roadster concept with 6-minute charging
U.K.-based startup Nyobolt claims to have developed commercially-viable battery tech that enables EVs to fully charge in in less than 10 minutes. This week, the startup has put it into physical form, unveiling an electric sports car concept that it claims can recover its full 155-miles range in just 6 minutes. That's equivalent to 1,600 miles of... Lynk & Co 08 is ready for the mass production in China. To hit the market soon
The Lynk & Co 08 was exposed with three battery options. It will rival the Denza N7 in China.
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Hyundai Ioniq 6 undercuts Tesla Model 3 with $5,000 price cut
Thanks to increased rebates, the 2023 Hyundai Ioniq 6 is now cheaper to buy than a Tesla Model 3. Hyundai recently increased rebates on the Ioniq 6 from $3,750 to a maximum $5,000 for the SE and SEL trim levels, CarsDirect reports. The top Limited trim level gets a smaller $2,000 rebate, and unlike the rebate for lower trim levels, it's in the... NIO launches ET5 Touring with same pricing as regular ET5
Pricing for the ET5 Touring is identical to the regular ET5, with a starting price in China of RMB 298,000 including the battery, and deliveries will begin on June 16.
(Image credit: CnEVPost)
NIO (NYSE: NIO) has officially launched its highly anticipated new model, the ET5 Touring, and its price in China is a surprise.
The company launched the model today in an online launch event for consumers in China, Germany, Denmark, the Netherlands, Norway and Sweden. Deliveries in China will officially begin tomorrow, while delivery dates in Europe have not yet been announced.
The ET5 Touring launch was different from all previous NIO model launches in that it was the first product launch led by the European team and appears to be the shortest new model launch in its history.
NIO gave a brief overview of the ET5 Touring's exterior, interior and driving experience at this roughly 40-minute launch event, but didn't explain much more about its technical specifications.
This is understandable, after all, NIO's models come standard with dual motors and the same smart driving hardware, and it seems redundant to introduce them again.
Pricing for the ET5 Touring is identical to the regular ET5, starting at RMB 298,000 ($41,620) in China, including the battery.
This is surprising, as the model was previously generally seen as being RMB 10,000 to 20,000 more expensive than the regular ET5.
On June 12, NIO lowered the starting prices for all models by RMB 30,000 and made the battery swap service, which was previously free several times a month, a paid option.
The ET5 Touring is the first model released after NIO implemented the new pricing system, and the entry version comes with a 75-kWh battery pack. Its long-range version comes with a 100-kWh battery pack and starts at RMB 356,000 with the battery included.
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.
NIO ET5 Touring prices in China
| Version | Starting Price with Battery | Starting Price under BaaS | BaaS Monthly Battery Rental |
|---|---|---|---|
| 75-kWh | ¥298,000 | ¥228,000 | ¥980 |
| 100-kWh | ¥356,000 | ¥228,000 | ¥1,680 |
NIO's advanced driver assistance systems NOP (Navigate on Pilot) Plus and NAD (NIO Autonomous Driving) are both subscription-based, priced at RMB 380 and RMB 680 per month respectively.
NIO began allowing consumers to lock in their orders for the ET5 Touring after the launch, and show cars and vehicles for test drives are already available at NIO's showrooms in China.
Chinese consumers who order the model now will receive 1 year of free use of NOP+ worth RMB 4,560.
Consumers who order the ET5 Touring on and before July 31 will receive a discount on options worth RMB 5,000.
NIO has started production of the ET5 Touring based on the designer's recommended configuration combinations, and its delivery will officially begin on June 16.
On June 11, CnEVPost experienced the ET5 Touring at a NIO House in Shanghai Pudong New Area, and found that it improved the most criticized areas on the regular ET5, except for the larger trunk space.
For the regular ET5, many owners complained about the high seating position in the driver's seat, which may have been a deterrent for some potential consumers to choose the model.
CnEVPost experienced the ET5 Touring and the regular ET5 at the NIO House and found that the driver's seat of the former can be adjusted significantly lower.
NIO currently offers the following benefits to the first owner of the ET5 Touring:
6-year or 150,000 km vehicle warranty. 10-year unlimited mileage warranty for battery, motor and electric control systems;
6 years free internet connectivity with 8GB of monthly traffic;
Lifetime free roadside assistance.
Consumers who order the model before July 31 can pay RMB 30,000 to receive the upgraded benefits package, which includes:
Free lifetime battery swap service, 4 times per month;
10-year unlimited mileage vehicle warranty
Free lifetime internet connectivity with 8GB of traffic per month;
Lifetime free roadside assistance.
In China, the NIO ET5 Touring's main competitor will be Zeekr's Zeekr 001, which is currently offered in four versions with starting prices of RMB 300,000, RMB 300,000, RMB 349,000 and RMB 386,000 respectively.
Zeekr delivered 8,678 vehicles in May, including the Zeekr 001 and the Zeekr 009 MPV. It did not release a breakdown of deliveries.
On June 12, Zeekr began deliveries of its third model, the Zeekr X, which starts at RMB 189,800.
($1 = RMB 7.1606)
Store visit: First impression of NIO ET5 Touring before official launch
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