Author: Phate Zhang/CnEVPost

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China China Auto Market Electric eMobility eV Industry News Policy price war

China to allow extended sales periods for ICE models based on existing emissions standard, report says

Price war has been the most talked about topic in China's auto industry this month, and the imminent implementation of a new emissions standard is seen as a major factor.

(Image credit: CnEVPost)

The imminent implementation of a new emissions standard in three months is seen as a major factor behind the price war launched by internal combustion engine (ICE) automakers this month. Now, these automakers may be able to get some respite.

China's policy on extending the sales period for vehicles built to the 6a emissions standard may be announced soon, National Business Daily reported today, citing Shen Jinjun, president of the China Auto Dealers Association (CADA), as saying at a forum.

A government document on the switch to the China 6b standard and the extension of the sales period for 6a-compliant models will be released soon, Shen said, without revealing any more information.

China released the final rule for stage 6 light vehicle emission limits and measurement methods (China 6 standard) in December 2016, a new standard that combines best practices from European and US regulatory requirements.

The standard is being implemented in two phases, with the 6a standard already taking effect on July 1, 2020, and the 6b standard coming into effect on July 1, 2023.

During this month, price war has been the most talked about topic in the Chinese auto industry, and the upcoming entry into force of the 6b standard is seen as an important factor.

There are still some older models on the market that do not meet China 6b emissions regulations, and the de-stocking of these models could have an impact on production, sales and prices in the auto industry, a team from CITIC Securities said in a March 13 research note.

In early March, authorities in Hubei province joined forces with many local car companies to offer subsidies to consumers for car purchases, with some models being subsidized by as much as 90,000 yuan ($13,060). This was seen as the beginning of the massive outbreak of the price war.

Subsequently, several brands, including Volkswagen and BMW, announced similar large discounts. At the same time, some car companies made it clear that they would not participate in the price war, trying to dispel the wait-and-see sentiment of potential consumers.

The price war has had an unprecedented impact on China's auto industry, and on March 22, the China Association of Automobile Manufacturers (CAAM) called on all parties to return to rationality and bring order to the market.

On March 23, China's Auto Dealers Chamber of Commerce (CADCC) called on regulators to delay the implementation of the China 6b emissions standard.

Since the beginning of the year, the CADCC has received feedback from many auto dealer groups that they are under significant pressure to survive because of the impending full implementation of the China 6b emissions standard.

A study covering nearly 100 auto dealer groups showed that nearly 98.89 percent of them strongly recommended that China delay the implementation of the China 6b emissions standard until January 1, 2024, according to the CADCC.

These dealer groups suggest that regulators allow sufficient switchover time for car companies and dealers to deal with the existing inventory of vehicles that do not meet the China 6b emissions standard.

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China's transition to new emission standard: How will this affect auto market?

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China Deliveries Electric eMobility eV Li Auto Milestones

Li Auto sees L-series models exceed 100,000 cumulative deliveries

In the price range of RMB 300,000-500,000, has a market share of nearly 20 percent, it said.  |  Li Auto US | Li Auto HK

(Image credit: Li Auto)

Li Auto (NASDAQ: LI) saw a milestone in cumulative deliveries of the three L-series models currently on sale.

Li Auto vehicles had more than 5,000 insurance registrations last week, and the L-series models have seen more than 100,000 cumulative deliveries, the automaker announced Wednesday on Weibo.

It took just seven months to reach the milestone since the L-series models were delivered, Li Auto said.

Li Auto's current offerings are all extended-range electric vehicles (EREVs), which have an all-electric range of about 200 kilometers and can be refueled.

The company's first model, the Li ONE, which was discontinued last year, had accumulated 203,925 deliveries by the end of January, according to data monitored by CnEVPost.

The first model in Li Auto's L series is the flagship Li L9, which was launched on June 21, 2022 and began deliveries on August 30 last year.

From September last year to February this year, Li L9 accumulated 54,268 units delivered, according to data monitored by CnEVPost from Li Auto and China Passenger Car Association (CPCA).

On September 30, 2022, Li Auto launched the Li L8, the second model in its L series. Deliveries of the Li L8 began on November 10, with cumulative deliveries of 29,773 units as of the end of February.

On February 8, Li Auto launched the Li L7, and deliveries of the model began on March 11.

Insurance registrations for Li Auto vehicles were 5,081 for the week of March 20 to March 26, the company announced yesterday, in line with CnEVPost's report on Tuesday.

In the price range of RMB 300,000 ($43,480)-500,000, Li Auto has close to 20 percent market share as the luxury SUV brand of choice for families, it said.

Li Auto delivered the Li L9, Li L8 and Li L7 to three owners at its Beijing delivery center on March 24, bringing cumulative deliveries to more than 300,000 units.

Li Auto is expected to announce its March deliveries on April 1, having delivered 15,141 and 16,620 vehicles in January and February, respectively.

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Li Auto sees cumulative deliveries exceed 300,000 units

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BYD China Earnings Call Electric eMobility eV Expectations Wang Chuanfu

BYD expects its Q1 NEV sales to grow over 80% YoY, aims to be largest automaker in China by year-end

Based on January-February retail sales, is already the largest automaker in China with an 11.8 percent share.  |  BYDDY.US | BYD HK

BYD's new energy vehicle (NEV) sales are expected to maintain strong growth in the first quarter, despite the overall weak performance of China's passenger vehicle market.

In January and February, year-on-year growth in Chinese vehicle demand was slightly weaker, but BYD still maintained strong growth, the company's chairman and president, Wang Chuanfu, said at a conference today.

BYD's sales in January and February were much higher than a year ago, and in a few days, March figures will be released, and first-quarter sales are still expected to grow by more than 80 percent from a year ago, Wang said.

BYD yesterday announced its full-year 2022 and four-quarter results, showing a more than 10-fold year-on-year increase in net profit in the fourth quarter. The company held an investor meeting today that was not public, but the main points are being covered by local media.

BYD sold 151,341 and 193,655 NEVs in January and February, respectively, for a two-month total of 344,996 vehicles, up 90 percent year-on-year, according to data monitored by CnEVPost.

The company sold 286,329 vehicles in the first quarter of last year, and the more than 80 percent increase would mean sales of more than 515,400 vehicles in the first quarter, or more than 170,000 vehicles in March.

Wang also mentioned that BYD aims to be the largest automaker in China by the end of this year.

It is worth noting that BYD is already the largest automaker in China based on January-February sales.

BYD's retail sales of 316,417 units in January-February were the highest of all car companies in China, with an 11.8 percent share, according to a list published earlier this month by the China Passenger Car Association (CPCA).

FAW-Volkswagen was second with 221,946 retail sales in January-February, with an 8.3 percent share, and Changan Automobile was third with 209,825 units, or 7.8 percent share.

Wang, referring to the recent price war in China's auto industry, said today that the reason behind this is that supply is outstripping demand and some car companies will be phased out while others will gain greater market share.

China's home appliance and mobile phone industries have been through this, and the NEV industry will be no exception, he said.

If the supply in the auto industry is still greater than the demand, the price war will continue, he said.

The price war has had a certain psychological impact on consumers, but these effects are expected to be reduced by the end of April and market confidence will gradually return as several local auto shows take place in May, according to Wang.

He also mentioned that BYD has no plans to enter the US passenger car market for the time being.

BYD's Q4 net profit up over 10 times year-on-year to $1.06 billion

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Battery Swap China Electric eMobility eV Nio NIO Power

NIO brings over 300 partners together to help it achieve swap station build-out goal

said it hopes to strengthen its relationships with partners to help it reach its plan to add 1,000 battery swap stations in 2023.  |  NIO US | NIO HK | NIO SG

(Image credit: NIO)

NIO (NYSE: NIO) yesterday made its third-generation battery swap station a real-life debut in Haikou, Hainan, but perhaps a more important move was its gathering with hundreds of partners in the city.

The company's energy division, NIO Power, held a partner conference in Haikou on March 28 with more than 300 attendees to discuss energy development, Shen Fei, the division's senior vice president, said in a post on the NIO App yesterday.

NIO hopes to strengthen its relationships with partners to help it reach its plan to add 1,000 battery swap stations in 2023 and to strengthen the foundation for ongoing collaboration, the article said.

The company's plan to add 1,000 battery swap stations and 10,000 charging piles this year will require the full support of its partners, the article reads.

William Li, founder, chairman and CEO of NIO, shared the growth of NIO Power and mentioned that China's new energy passenger vehicle penetration rate reached 27.6 percent in 2022, three years ahead of the national goal of seeing that figure reach 25 percent by 2025.

Located next to the Shangri-La Hotel in Haikou, NIO's first third-generation battery swap station and 500 kW ultra-fast charging station made its offline debut, the article reads.

Here's a video of the event from the article.

NIO originally planned to add 400 battery swap stations in China this year, a goal that was raised to 1,000 a month ago.

"We have set a new target and decided to add 1,000 battery swap stations in 2023, accumulating more than 2,300 stations by the end of 2023," Li said in a February 21 article posted on the NIO App.

NIO began the year with a noticeable slowdown in battery swap station construction, perhaps in anticipation of a ramp-up in the capacity of third-generation stations.

NIO has added only 20 battery swap stations in China so far this year, bringing the latest total to 1,325, according to data monitored by CnEVPost.

NIO's third-generation battery swap stations are expected to be ready for mass production in April, and deployment will pick up speed in May, Li said last month.

Starting in June, NIO will maintain a construction rate of 120-150 battery swap stations per month, he said.

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

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BYD China Electric eMobility eV

BYD’s Q4 net profit up over 10 times year-on-year to $1.06 billion

's net profit for the full year 2022 was up 445.86 percent year-on-year to RMB 16.6 billion.

BYD (OTCMKTS: BYDDY) reported a more than 10-fold year-on-year increase in net profit in the fourth quarter, as its new energy vehicle (NEV) sales grew significantly.

The largest Chinese maker of NEVs reported net income attributable to shareholders of RMB 7.3 billion ($1.06 billion) in the fourth quarter, up 1114.29 percent year-on-year and up 27.89 percent from the third quarter.

BYD's revenue in the fourth quarter was RMB 156.4 billion, up 120.39 percent year-on-year and 33.56 percent from the third quarter, according to its financial report released today.

In the fourth quarter, BYD sold 683,440 NEVs, up 156.74 percent year-on-year and 26.87 percent from the third quarter, according to its previously announced data.

On January 30, BYD said in an earnings preview that it expects full-year 2022 net profit of RMB 16 billion to RMB 17 billion. This means that the company then expected a net profit of RMB 6.7 billion to RMB 7.7 billion for the fourth quarter.

For the full year 2022, BYD's revenue was RMB 424 billion, up 96.20 percent year-on-year, according to its financial report announced today.

Its net profit attributable to shareholders in 2022 was RMB 16.6 billion, up 445.86 percent year-on-year.

The company's basic earnings per share in 2022 will be RMB 5.71, up 438.68 percent year-on-year.

BYD's main business includes NEVs, cell phone components, secondary rechargeable batteries and photovoltaic business, with the automotive business contributing RMB 324.7 billion, or 76.6 percent, of revenue in 2022. The business saw a 151.78 percent year-on-year growth in 2022.

Its cell phone parts, assembly and other products business generated revenues of about RMB 98.8 billion, up 14.3 percent year-on-year, contributing 23.3 percent of total revenue.

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BYD China Deliveries Electric eMobility eV EV Data Insurance Registrations Li Auto Neta Nio Tesla Weekly Data XPeng

China NEV insurance registrations for week ending Mar 26: BYD 43,490, Tesla 15,886, NIO 1,909

is on track to reach its guidance, with 9,199 vehicles registered in the past four weeks.

Insurance registrations for new energy vehicles (NEVs) in China continued to increase last week compared to the previous week, although the performance of major automakers was mixed.

For the week ending March 26, insurance registrations for all passenger vehicles in China were 400,400 units, up 37.64 percent year-on-year and up 29.02 percent from the previous week, according to information shared today by several auto bloggers on Weibo and WeChat groups.

Among them, the number of traditional internal combustion engine vehicles was 272,100, up 43.50 percent year-on-year and up 37.64 percent from the previous week.

Insurance registrations for NEVs were 128,300, up 26.63 percent year-on-year and up 13.89 percent from the previous week. This means that the penetration rate of NEVs was 32 percent last week.

(OTCMKTS: BYDDY) NEVs registered 43,490 units last week, up from 38,414 units the week before. In the first and second weeks of March, BYD's numbers were 38,932 and 37,141 units, respectively.

(NASDAQ: TSLA) saw 15,886 units for the week, down from 18,712 units the week before. Insurance registrations for Tesla vehicles in China were 13,266 and 17,032 in the first and second weeks of March, respectively.

This means that over the past four weeks, Tesla vehicles have had 64,896 insurance registrations in China.

If Tesla vehicles register the same number of insurance units this week as last week, it may deliver a record number of vehicles in China in March, surpassing the 77,938 units delivered in June 2022.

Tesla has a factory in Shanghai that makes the Model 3 and the Model Y. Its pattern is to produce cars for export in the first half of the quarter and for the local market in the second half.

NIO (NYSE: NIO) vehicles had 1,909 insurance registrations last week, up from 1,775 the week before. The company's insurance registration figures for the first and second weeks of March were 3,345 and 2,170, respectively.

NIO guided earlier this month for first-quarter deliveries of between 31,000 and 33,000 vehicles, meaning that March deliveries are expected to be between 10,337 and 12,337.

NIO is on track to meet its guidance, with 9,199 vehicles registered for insurance in the last four weeks, although the first week of March included the last two days of February.

(NYSE: XPEV) vehicles had 1,564 insurance registrations last week, up from 1,296 the previous week. The number was 1,421 and 1,635 in the first and second weeks, respectively, for a four-week total of 5,916 vehicles.

XPeng previously guided for first-quarter vehicle deliveries of 18,000 to 19,000 units, meaning March deliveries are expected to be between 6,772 and 7,772 units.

(NASDAQ: LI) vehicles saw 5,081 insurance registrations last week, down from 5,438 the week before. It posted figures of 3,222 and 4,243 for the first and second weeks of March, respectively, for a four-week total of 17,984 vehicles.

Li Auto guided for first-quarter deliveries of 52,000 to 55,000 vehicles, implying a year-on-year increase of 64.0 percent to 73.4 percent.

Li Auto's guidance of 52,000 to 55,000 vehicles for the first quarter implies March deliveries are expected to be 20,239 to -23,239 vehicles.

had 2,934 insurance registrations last week, and its numbers for the first three weeks of March were 4,109, 988, and 515, respectively.

was at 1,214 units last week, and that figure was 1,814, 1,043, and 913 units in the first three weeks.

China NEV insurance registrations for week ending Mar 19: BYD 38,414, Tesla 18,712, NIO 1,775

Weekly NEV insurance registrations in China in 2023

WkBYDTeslaNIOXPengLi AutoBMWZeekrNetaNEVAll
03/20-03/2643,49015,8861,9091,5645,0811,2142,934128,300400,400
03/13-03/1938,41418,7121,7751,2965,4381,847913515689112,650310,341
03/06-03/1237,14117,0322,1701,6354,2431,4861,043988522107,767308,726
02/27-03/0538,93213,2663,3451,4213,2221,6631,8144,109515116,238345,340
02/20-02/2639,47310,7053,3571,6855,3871,7921,8552,152401111,983331,238
02/13-02/1937,0265,9133,1741,4634,2382,2711,4431,038329100,408303,101
02/06-02/1231,4176,9633,0451,3964,0626825471,170NA85,572280,741
01/30-02/0524,2808,6431,9489752,2405935543,96411469,692267,843
01/23-01/295,2803,356427210990NA89NANA17,94592,600
01/16-01/2224,7087,4963,0081,0684,903NA657NANA67,500330,400
01/09-01/1540,42012,6542,9631,8174,5272,6871,35942023799,041438,000
01/02-01/0835,9242,1102,8181,5513,7042,1031,5112388077,000290,000

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Battery Swap China Electric eMobility eV Nio

NIO’s 3rd-gen swap station makes real-life debut as mass production nears

Starting in June, will basically keep building 120-150 battery swap stations per month, William Li previously said.  |  NIO US | NIO HK | NIO SG

(Image credit: NIO)

NIO (NYSE: NIO) today gave its third-generation battery swap station its real-life debut in a test run, though it didn't go live as previously teased.

The next-generation station made its debut today next to a hotel in Haikou, in China's southernmost province of Hainan.

Executives including William Li, founder, chairman and CEO of NIO, and Shen Fei, senior vice president of NIO Power, were present for the introduction of the trial run.

(A screenshot of a live video shows NIO CEO William Li introducing the company's third-generation battery swap station in Haikou.)

NIO's third-generation battery swap station, unveiled at the NIO Day 2022 event on December 24, 2022, is capable of storing up to 21 battery packs, up from 13 for its predecessor generation and 5 for the first generation of the facility.

The latest facility increases the daily service capacity of a single station to 408, 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 announced plans to add 400 battery swap stations in 2023 late last year, but that plan was raised to 1,000 a month ago.

Li said on February 21 that the company will further accelerate the deployment of battery swap stations, aiming to have a cumulative total of more than 2,300 battery swap stations by the end of 2023.

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

Starting in June, NIO will basically maintain a construction rate of 120-150 battery swap stations per month, he said.

On March 20, NIO said in an article posted on the NIO App that the first 10 third-generation battery swap stations would go live on March 28.

However, this has not become a reality, and NIO's current plans appear to be consistent with the previous schedule.

NIO has already built some third-generation battery swap stations in cities including Beijing and Shanghai, although they have not yet been officially put into operation.

On March 23, CnEVPost visited NIO's delivery center in Jiading, Shanghai, where there is a third-generation battery swap station with the same exterior design as the previous two generations. The delivery center, NIO's largest in the world, opened on January 1.

(A third-generation battery swap station at NIO's delivery center in Nanxiang, Jiading, Shanghai. Image credit: CnEVPost)

Of the 1,000 battery swap stations NIO plans to add in 2023, about 900 will be third-generation facilities, NIO Power's Shen said at a media event last week.

The cost of equipment for NIO's three generations of battery swap stations is not very different, but the average cost per battery compartment has dropped significantly as service capacity has increased, Shen said at the time.

To date, the number of spare batteries in all of NIO's battery swap stations is roughly 11,000 to 12,000, Shen said in response to a question from CnEVPost.

NIO has added only 20 battery swap stations in China so far this year, bringing the total number of facilities to 1,325 so far, according to data monitored by CnEVPost.

The slowdown appears to be because NIO is waiting for the third generation of the facility to ramp up its capacity.

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

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China Electric eMobility eV Nio NIO ES7 NIO ET5 Wait Times

NIO ES7 and ET5 wait times become shorter

Wait times for both the ES7 and ET5 are now around 3 weeks, compared to 4-6 weeks and 3-4 weeks respectively.  |  NIO US | NIO HK | NIO SG

(From left to right: EC7, EC6, ET7, ET5. Screenshot on March 28.)

NIO's (NYSE: NIO) ES7 SUV and ET5 sedan have slightly shorter wait times in China, after the expected delivery dates for the two models became longer half a month ago.

The NIO ES7 now has an expected delivery date of about 3 weeks, down from the previous 4-6 weeks, information from the NIO App monitored by CnEVPost shows.

NIO ET5 also has a current expected delivery date of about 3 weeks, down from 3-4 weeks previously.

On March 14, the wait time for the ES7 went from about 3 weeks to 4-6 weeks, and the ET5 went from 2-3 weeks to 3-4 weeks.

NIO App is currently showing 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 unveiled at NIO Day 2022 held on December 24, 2022, and deliveries will begin in May and June, respectively.

The wait time information is unchanged today for all models except for the ES7 and ET5.

The NIO App stopped showing the expected delivery time for the ET7 on March 13, and that information is still not displayed.

Late last night, a local media report said that the current NIO ET7 has been discontinued and its annual facelift may be unveiled during the Shanghai auto show next month.

The current ET7 has some minor interior issues, and the revamped version will be optimized and will also further enhance the quality of the interior, D1EV quoted a salesperson at an NIO store in Beijing as saying.

NIO is no longer accepting customized orders for the ET7, and consumers who buy the model now will only have the option of available stock cars, the report said.

(From left to right: All-new ES8, old ES8, ES7, ES6. Screenshot on March 28.)

NIO stops ET7 production, to launch facelift this year, report says

Changes in wait times for NIO models

DateModelPrevChangeLatest
03/28/23ET5 (NT 2.0)3-4 weeks↓About 3 weeks
03/28/23ES7 (NT 2.0)4-6 weeks↓About 3 weeks
03/14/23ET5 (NT 2.0)2-3 weeks↑3-4 weeks
03/14/23ES7 (NT 2.0)About 3 weeks↑4-6 weeks
03/13/23ET7 (NT 2.0)About 3 weeksNAStop showing
02/14/23ES7 (NT 2.0)3-4 weeks↓About 3 weeks
02/14/23ET7 (NT 2.0)3-4 weeks↓About 3 weeks
02/14/23ET5 (NT 2.0)About 3 weeks↓2-3 weeks
02/6/23ET5 (NT 2.0)3-4 weeks↓About 3 weeks
01/28/23ES7 (NT 2.0)2-3 weeks↑3-4 weeks
01/28/23ET7 (NT 2.0)2-3 weeks↑3-4 weeks
01/28/23ET5 (NT 2.0)7-9 weeks↓3-4 weeks
01/11/23ET5 (NT 2.0)8-10 weeks↓7-9 weeks
01/5/23ET5 (NT 2.0)9-11 weeks↓8-10 weeks
12/29/22ET5 (NT 2.0)10-12 weeks↓9-11 weeks
12/22/22ET5 (NT 2.0)12-14 weeks↓10-12 weeks
12/20/22ES7 (NT 2.0)4-6 weeks↓2-3 weeks
12/13/22ET5 (NT 2.0)13-15 weeks↓12-14 weeks
12/13/22ET7 (NT 2.0)About 2 weeks↑2-3 weeks
12/13/22EC6 (NT 1.0)About 2 weeksNAStop showing
12/2/22ET5 (NT 2.0)21-23 weeks↓13-15 weeks
11/25/22ES7 (NT 2.0)7-9 weeks↓4-6 weeks
11/25/22ET7 (NT 2.0)3-5 weeks↓About 2 weeks
11/23/22ES8 (NT 1.0)About 2 weeksNAStop showing
11/16/22ET7 (NT 2.0)4-6 weeks↓3-5 weeks
11/10/22ES8 (NT 1.0)2-3 weeks↓About 2 weeks
11/10/22ES6 (NT 1.0)2-3 weeks↓About 2 weeks
11/10/22EC6 (NT 1.0)2-3 weeks↓About 2 weeks
11/3/22ES7 (NT 2.0)11-13 weeks↓7-9 weeks
11/3/22ET7 (NT 2.0)6-8 weeks↓4-6 weeks
11/3/22ES8 (NT 1.0)2-4 weeks↓2-3 weeks
11/3/22ES6 (NT 1.0)2-4 weeks↓2-3 weeks
11/3/22EC6 (NT 1.0)2-4 weeks↓2-3 weeks
10/31/22ES7 (NT 2.0)12-14 weeks↓11-13 weeks
10/31/22ES8 (NT 1.0)3-5 weeks↓2-4 weeks
10/31/22ES6 (NT 1.0)3-5 weeks↓2-4 weeks
10/31/22EC6 (NT 1.0)3-5 weeks↓2-4 weeks
10/21/22ES7 (NT 2.0)13-15 weeks↓12-14 weeks
10/21/22ET7 (NT 2.0)11-13 weeks↓6-8 weeks
10/21/22ET5 (NT 2.0)21-23 weeksNAStop showing
10/21/22ES8 (NT 1.0)4-6 weeks↓3-5 weeks
10/21/22ES6 (NT 1.0)4-6 weeks↓3-5 weeks
10/21/22EC6 (NT 1.0)4-6 weeks↓3-5 weeks

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China Electric eMobility eV Nio NIO ET7

NIO stops ET7 production, to launch facelift this year, report says

A revamped version of the ET7 is expected to be optimized for exterior and interior details and will likely be unveiled during the Shanghai auto show, according to a local media report.

(Image credit: CnEVPost)

NIO (NYSE: NIO) is rumored to have stopped production of its flagship sedan ET7, which would not be surprising if it turns out to be true, as the NIO App stopped showing the wait time for the model earlier this month after months of low deliveries.

The current NIO ET7 has been discontinued and its annual facelift will be launched within the year, local automotive media D1EV reported late last night, adding that a revamped version of the ET7 is expected to have optimized exterior and interior details and will probably be unveiled during the Shanghai auto show next month.

The current ET7 has some minor interior issues, and the revamped version will be optimized and will also further enhance the texture of the interior, the report said, citing a salesperson at an NIO store in Beijing.

There is no way to know what specific changes will be made, but the salesperson mentioned that the overall texture of the upgraded ET7's interior will be closer to that of the ES7, according to the report.

NIO is no longer accepting orders for customized models of the ET7, and consumers who buy the model now will only have the option of available stock cars, the report said.

As is NIO's practice, the company is expected to offer upgrade options for ET7 vehicles that have already been delivered, according to the report.

The NIO ET7, the company's first sedan, was launched at the NIO Day 2020 event on January 9, 2021, with deliveries beginning March 28, 2022.

In April 2022, the ET7's first full month of delivery, the sedan was ranked No. 10 on the China Passenger Car Association's (CPCA) list of premium sedans with a starting price above RMB 300,000 ($43,570) with 693 units sold at retail.

With increased capacity, ET7 sales continued to grow after deliveries began and reached a monthly high of 4,349 units in June 2022.

Deliveries of the ET7 remained around 3,000 units per month for the vast majority of the second half of last year, but the figures slipped to 1,379 units in December, missing the CPCA's top-tier sedan sales ranking for the first time.

In January and February of this year, NIO ET7 deliveries slipped further to 521 and 649 units respectively, according to data from the CPCA monitored by CnEVPost.

On March 1, when asked on an earnings call whether the ET7 would have a revamped version this year, William Li, NIO's founder, chairman, and CEO, did not give a positive answer but said that the company had been working on the product iterations and improvements and that it would communicate in a timely manner.

Long-time NIO follower @肉肉爸比ev hinted on March 10 on Weibo that a revamped version of the ET7 is not far from launch.

On March 13, the NIO App stopped showing the expected delivery time for the ET7, previously the wait time for the model was about 3 weeks.

($1 = RMB 6.8851)

NIO App no longer shows ET7 wait time as talk of revamped model heats up

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Tesla starts deliveries of new Model S and Model X in China

Deliveries of the new Model S and Model X have begun in the Chinese mainland, nine years after the first vehicle entered the country in 2014.  |  TSLA.US

Tesla (NASDAQ: TSLA) has started deliveries of the new Model S and Model X in China, although its China website shows expected delivery dates for both models in the second quarter.

Deliveries of the new Model S and Model X have begun in the Chinese mainland, nine years after the first Tesla vehicle entered the country in 2014, Tesla said today on Weibo.

Tesla did not provide any more information on Weibo, and its China website shows expected delivery dates for both models in the second quarter.

Here's a video Tesla shared on Weibo showing a large number of the new Model S and Model X being shipped to China.

On January 6, Tesla announced the prices of the new Model S and Model X, which are not produced locally, in China at the same time as it significantly reduced the prices of the Model 3 and Model Y.

The Tesla Model S is available in China in two versions, a regular version with dual motors and all-wheel drive, and a Plaid version with tri motors and all-wheel drive.

The Model S starts at RMB 789,900 ($114,790) and the Model S Plaid starts at RMB 1,009,900.

The Model X is also available in China in two versions, a regular version with dual-motor all-wheel drive and a Plaid version with tri-motor all-wheel drive.

The Model X starts at RMB 879,900 and the Model X Plaid starts at RMB 1,039,900.

On February 28, six imported Tesla pure electric vehicles, which were driven out of containers at the Nangang Terminal of Shanghai Yangshan Port, were inspected on site by customs officers, a previous report by Shanghai Securities News said.

On March 15, Tianjin Port Group said the latest batch of 867 Tesla new Model S and Model X vehicles arrived in Tianjin.

(1 $= RMB 6.8814)

Tesla Model Y ranks No. 2 in top-selling SUVs in China in Feb

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