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The wait time for the NIO EC7 is now about 5 weeks, longer than the previous 4 weeks, and the ET7 is about 3 weeks, down from about 4 weeks. | NIO US | NIO HK | NIO SG
(Screenshot on April 28.)
The wait time for NIO's (NYSE: NIO) coupe SUV EC7 became slightly longer on the day deliveries began, while the wait time for its flagship sedan ET7 became shorter.
The expected delivery date for the NIO EC7 is now about 5 weeks, up from about 4 weeks previously, information from the NIO App monitored by CnEVPost shows.
The model was launched on NIO Day 2022, December 24, 2022, and the first deliveries began on April 28, slightly ahead of NIO's original plan of mid-May.
On April 21, the NIO App saw significant changes to the vehicle configurator, and the ET7 flagship sedan wait time started showing again, with the EC7 going from May to about 4 weeks.
NIO ET7 now has a wait time of about 3 weeks, compared to about 4 weeks previously.
NIO's website and app currently showcase seven models -- the new ES8, ES7, new ES6, EC7, EC6, ET7, and ET5.
In the vehicle configurator of the NIO App, there are 5 models available -- new ES8, ES7, EC7, ET7, ET5. The configurator of the new ES6 and EC6 based on the NT 1.0 platform is not available.
Wait time information for all other NIO models remains unchanged, with the new ES8 still showing deliveries expected to start in June, the ES7 waiting time is about 3 weeks, and the ET5 about 2 weeks.
On the first day of the Shanghai auto show on April 18, NIO launched the 2023 ET7 and unveiled the new ES6. The price of the new ET7 is the same as the previous version, while the price of the new ES6 was not announced.
NIO EC7 officially started delivery on April 28, earlier than the original plan of mid-May.
NIO did not announce the number of EC7s delivered in the first batch, but said the company held delivery ceremonies in cities including Hefei, Shenzhen, Guiyang, Wuhan, Hangzhou, Suzhou, Taizhou and Nanjing.
NIO begins deliveries of EC7 coupe SUV earlier than originally planned
| Date | Model | Prev | Change | Latest |
|---|---|---|---|---|
| 04/28/23 | ET7 (NT 2.0) | About 4 weeks | ↓ | About 3 weeks |
| 04/28/23 | EC7 (NT 2.0) | About 4 weeks | ↑ | About 5 weeks |
| 04/25/23 | ES7 (NT 2.0) | 3-5 weeks | ↓ | About 3 weeks |
| 04/21/23 | ET7 (NT 2.0) | NA | NA | About 4 weeks |
| 04/21/23 | EC7 (NT 2.0) | Mid May | NA | About 4 weeks |
| 04/17/23 | ES7 (NT 2.0) | About 2 weeks | ↑ | 3-5 weeks |
| 04/14/23 | ES6 (NT 1.0) | About 2 weeks | NA | Stop showing |
| 04/10/23 | ET5 (NT 2.0) | About 3 weeks | ↓ | About 2 weeks |
| 04/10/23 | ES7 (NT 2.0) | About 3 weeks | ↓ | About 2 weeks |
| 03/28/23 | ET5 (NT 2.0) | 3-4 weeks | ↓ | About 3 weeks |
| 03/28/23 | ES7 (NT 2.0) | 4-6 weeks | ↓ | About 3 weeks |
| 03/14/23 | ET5 (NT 2.0) | 2-3 weeks | ↑ | 3-4 weeks |
| 03/14/23 | ES7 (NT 2.0) | About 3 weeks | ↑ | 4-6 weeks |
| 03/13/23 | ET7 (NT 2.0) | About 3 weeks | NA | Stop showing |
| 02/14/23 | ES7 (NT 2.0) | 3-4 weeks | ↓ | About 3 weeks |
| 02/14/23 | ET7 (NT 2.0) | 3-4 weeks | ↓ | About 3 weeks |
| 02/14/23 | ET5 (NT 2.0) | About 3 weeks | ↓ | 2-3 weeks |
| 02/6/23 | ET5 (NT 2.0) | 3-4 weeks | ↓ | About 3 weeks |
| 01/28/23 | ES7 (NT 2.0) | 2-3 weeks | ↑ | 3-4 weeks |
| 01/28/23 | ET7 (NT 2.0) | 2-3 weeks | ↑ | 3-4 weeks |
| 01/28/23 | ET5 (NT 2.0) | 7-9 weeks | ↓ | 3-4 weeks |
| 01/11/23 | ET5 (NT 2.0) | 8-10 weeks | ↓ | 7-9 weeks |
| 01/5/23 | ET5 (NT 2.0) | 9-11 weeks | ↓ | 8-10 weeks |
| 12/29/22 | ET5 (NT 2.0) | 10-12 weeks | ↓ | 9-11 weeks |
| 12/22/22 | ET5 (NT 2.0) | 12-14 weeks | ↓ | 10-12 weeks |
| 12/20/22 | ES7 (NT 2.0) | 4-6 weeks | ↓ | 2-3 weeks |
| 12/13/22 | ET5 (NT 2.0) | 13-15 weeks | ↓ | 12-14 weeks |
| 12/13/22 | ET7 (NT 2.0) | About 2 weeks | ↑ | 2-3 weeks |
| 12/13/22 | EC6 (NT 1.0) | About 2 weeks | NA | Stop showing |
| 12/2/22 | ET5 (NT 2.0) | 21-23 weeks | ↓ | 13-15 weeks |
| 11/25/22 | ES7 (NT 2.0) | 7-9 weeks | ↓ | 4-6 weeks |
| 11/25/22 | ET7 (NT 2.0) | 3-5 weeks | ↓ | About 2 weeks |
| 11/23/22 | ES8 (NT 1.0) | About 2 weeks | NA | Stop showing |
| 11/16/22 | ET7 (NT 2.0) | 4-6 weeks | ↓ | 3-5 weeks |
| 11/10/22 | ES8 (NT 1.0) | 2-3 weeks | ↓ | About 2 weeks |
| 11/10/22 | ES6 (NT 1.0) | 2-3 weeks | ↓ | About 2 weeks |
| 11/10/22 | EC6 (NT 1.0) | 2-3 weeks | ↓ | About 2 weeks |
| 11/3/22 | ES7 (NT 2.0) | 11-13 weeks | ↓ | 7-9 weeks |
| 11/3/22 | ET7 (NT 2.0) | 6-8 weeks | ↓ | 4-6 weeks |
| 11/3/22 | ES8 (NT 1.0) | 2-4 weeks | ↓ | 2-3 weeks |
| 11/3/22 | ES6 (NT 1.0) | 2-4 weeks | ↓ | 2-3 weeks |
| 11/3/22 | EC6 (NT 1.0) | 2-4 weeks | ↓ | 2-3 weeks |
| 10/31/22 | ES7 (NT 2.0) | 12-14 weeks | ↓ | 11-13 weeks |
| 10/31/22 | ES8 (NT 1.0) | 3-5 weeks | ↓ | 2-4 weeks |
| 10/31/22 | ES6 (NT 1.0) | 3-5 weeks | ↓ | 2-4 weeks |
| 10/31/22 | EC6 (NT 1.0) | 3-5 weeks | ↓ | 2-4 weeks |
| 10/21/22 | ES7 (NT 2.0) | 13-15 weeks | ↓ | 12-14 weeks |
| 10/21/22 | ET7 (NT 2.0) | 11-13 weeks | ↓ | 6-8 weeks |
| 10/21/22 | ET5 (NT 2.0) | 21-23 weeks | NA | Stop showing |
| 10/21/22 | ES8 (NT 1.0) | 4-6 weeks | ↓ | 3-5 weeks |
| 10/21/22 | ES6 (NT 1.0) | 4-6 weeks | ↓ | 3-5 weeks |
| 10/21/22 | EC6 (NT 1.0) | 4-6 weeks | ↓ | 3-5 weeks |
The post NIO EC7 wait time becomes longer, ET7 shorter appeared first on CnEVPost.
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Gotion is in the process of exploring a battery plant in the US, and the site is close to being decided, a company executive said.
Gotion High-tech, the Volkswagen-backed Chinese power battery giant, reported strong first-quarter results and revealed more about the company's plans to build a battery plant in the US.
Gotion reported first-quarter revenue of RMB 7.18 billion yuan ($1.04 billion), up 83.16 percent from a year earlier, despite a 16.8 percent decrease from the fourth quarter, according to an exchange announcement Friday from the Shenzhen-listed company.
The year-on-year increase in revenue was mainly due to growth in sales, Gotion said in the announcement.
The company reported a net profit of RMB 75.61 million in the first quarter, up 134.81 percent from a year earlier, but down 53.04 percent from the fourth quarter last year.
China's new energy vehicle (NEV) sales saw strong growth in the fourth quarter of last year, as consumers seized the last chance to get state subsidies for NEV purchases. For the first quarter, while it is usually a slow time for auto consumption, a rare price war this year delivered an additional blow.
China's first quarter NEV sales were 1.32 million units, up 23.72 percent year-on-year, but down 26.62 percent from the fourth quarter of last year, according to the China Passenger Car Association (CPCA).
Gotion, China's fourth-largest power battery manufacturer, saw its performance reflect these seasonal trends.
In March, Gotion installed 1.25 GWh of power batteries in China, ranking fourth with a 4.51 percent share, according to the China Automotive Battery Innovation Alliance (CABIA).
Gotion aims to exceed 300 GWh of capacity by 2025, according to its previously announced plans.
In addition to its quarterly earnings report, Gotion announced its annual report, which showed it had revenue of RMB 23.05 billion in 2022, up 122.59 percent year-on-year.
Gotion's revenue in overseas markets in 2022 was RMB 2.98 billion, up 464.76 percent year-on-year.
The company's profit in 2022 was RMB 199 million, up 408.87 percent year-on-year.
Gotion is conducting an in-depth exploration of building a battery factory in the US, and the site is now close to being determined, the company's vice president of international operations Ray Chen said Friday while speaking with media, including CnEVPost, at its Hefei headquarters.
The company is well on its way to building a plant in the US as an early move to capture the explosive growth opportunities in the US and Europe in 2025-2027, Chen said.
Influenced by the Inflation Reduction Act, Gotion's US plant is necessary, he added.
"The US and Europe are at the point where rapid growth is about to begin in this industry, and we certainly can't afford to give that business away," Chen said.
Gotion is currently selling batteries to US customers through exports, with sales expected to be $500 million this year, according to the company.
Notably, on October 5 last year, Michigan Governor Gretchen Whitmer said in a statement that Gotion chose to build its $2.36 billion battery component manufacturing facility in Big Rapids.
The Michigan Strategic Fund (MSF) Board approved the investment by Gotion, which will launch a multi-phase project in Big Rapids to build a battery component manufacturing facility there to serve its entire North American and global customer base, according to the statement.
Once completed, Gotion's plant is expected to produce 150,000 tons of cathode material per year, with two 550,000-square-foot production plants planned as well as other supporting facilities, the statement said.
Gotion chairman Li Zhen said at the media event Friday that the battery materials plant is sited in Michigan partly because of the relatively inexpensive supply of hydroelectric power in the area.
Gotion has been in contact with the local government for about two years, and final approval for the plant is pending, Li added.
($1 = RMB 6.9150)
Gotion to build $2.36 billion battery materials plant in Michigan
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The EC7 was launched on NIO Day 2022, December 24, 2022, and NIO had planned to begin deliveries of the model in mid-May.
(Image credit: NIO)
NIO (NYSE: NIO) began the first deliveries of the EC7 coupe SUV today, surprisingly ahead of its original schedule.
Deliveries of the NIO EC7 officially kicked off on April 28, the company said today on its mobile app, and shared several images.
NIO did not announce the number of EC7s delivered in the first batch, but said the company held delivery ceremonies in cities including Hefei, Shenzhen, Guiyang, Wuhan, Hangzhou, Suzhou, Taizhou and Nanjing.
The EC7 was launched on NIO Day 2022 on December 24, 2022, and the new ES8 was also launched at the event.
NIO announced plans at the time that deliveries of the EC7 would begin in May and deliveries of the new ES8 would begin in June.
The company began allowing consumers to lock in orders for the EC7 and test drive the vehicle on April 10. It said at the time that deliveries of customized vehicles for the EC7 would begin in mid-May.
The early start of EC7 deliveries could be part of NIO's effort to accelerate making its new models available to boost weak sales.
NIO delivered 10,378 vehicles in March, up 3.94 percent from 9,985 a year earlier but down 14.6 percent from 12,157 in February, according to figures it announced on April 1.
NIO's deliveries have been weak so far this month, with insurance registrations for its vehicles totaling slightly above 4,000 units from April 3 to April 23.
The EC7, NIO's second coupe SUV after the EC6, is 4,968 mm long, 1,974 mm wide and 1,714 mm high, with a wheelbase of 2,960 mm.
For comparison, the EC6 is 4,850 mm long, 1,965 mm wide and 1,731/1,714 mm high, with a wheelbase of 2,900 mm.
NIO offers an intelligent dimming glass option for the EC7's roof, the first time the company has introduced this option in one of its models.
The EC7 has a wind resistance coefficient of just 0.23 Cd, which NIO said is the lowest of any mass-produced SUV in the world.
The model is equipped with a 180-kW permanent magnet motor up front and a 300-kW induction motor in the rear, allowing the motor to reach a combined peak power of 480 kW. The powertrain allows the EC7 to accelerate from 0 to 100 km/h in 3.8 seconds, making it NIO's fastest-accelerating SUV.
NIO currently offers three versions of the EC7, including a version with a 75-kWh standard range battery pack, a version with a 100-kWh battery pack, and a premiere version with a 100-kWh battery pack.
Including the battery, the starting prices for these three versions are RMB 488,000 ($70,560), RMB 546,000 and RMB 578,000 respectively.
Customers who choose NIO's battery rental program BaaS (battery as a service) to purchase the car will see the prices start at RMB 418,000 for both regular versions and RMB 450,000 for the premiere version. Their monthly battery rental costs are RMB 980 yuan, 1,680 yuan and 1,680 yuan respectively.
(1 $= RMB 6.9165)
Insurance registrations for week ending Apr 23: Tesla 10,300, Li Auto 7,200, NIO 2,000
The post NIO begins deliveries of EC7 coupe SUV earlier than originally planned appeared first on CnEVPost.
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