The ES6 and ET5 Touring remain the top Nio models in terms of deliveries, together contributing 55.86 percent of November's volume.
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The ES6 remains the best-selling Nio model, but deliveries were down from September, while deliveries of the EC6 coupe SUV were up significantly.
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The Nio ET5 Touring was launched in both China and Europe on June 15, with 11,677 units delivered in China to date.
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In October 2023, Euro NCAP included the ET5 Touring model into the safety protocol of the earlier tested ET5 liftback.
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ES6 deliveries in September were down 8.2 percent from August, but its contribution to Nio's monthly deliveries rose.
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Wait times for the Nio ES8 have been shortened from 6-7 weeks to 5-6 weeks, the EC7 has been shortened from about 4 weeks to 3-4 weeks, and the ET5 and ET5 Touring have both gone from about 3 weeks to 4-5 weeks.
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Nio has repositioned the ET5 Touring to expand the model's user base by targeting the larger family market rather than the touring segment.
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The ES6's contribution to Nio deliveries has continued to improve over the past three months, reaching 54.33 percent in July.
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Nio had sales of 4,100 units last week, up 28.13 percent from 3,200 units the week before.
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Nio's (NYSE: NIO) new ES6 has a slightly longer wait time in China, while the three other models are slightly shorter.
Customers locking in orders for the Nio ES6 are now expected to get deliveries in 3-6 weeks, slightly higher than the previous 3-4 weeks, information from the Nio App monitored by CnEVPost shows.
Nio officially launched the new ES6, its lowest-priced SUV, in China on May 24, with a current starting price of RMB 338,000 ($46,800), and its deliveries began on the night of the launch.
The last change in the Nio ES6 wait time was on June 26, when it went from about 5 weeks to 3-4 weeks.
Wait times for both the Nio ES7 SUV as well as the ET7 sedan both changed to 6-7 weeks today, slightly lower than the previous 6-8 weeks.
Nio launched the ES7 on June 15, 2022, with the first delivery on August 28, 2022.
The ES7 is Nio's second model based on the NT 2.0 platform after the ET7 sedan, and the first SUV on this second-generation platform, with a starting price of RMB 438,000 including battery.
Originally launched at the Nio Day 2020 event on January 9, 2021, the Nio ET7 is the company's first sedan, with deliveries beginning on March 28, 2022.
On the first day of the Shanghai auto show on April 18, Nio launched the 2023 ET7, with prices currently starting at RMB 428,000. Deliveries of the new ET7 began on May 19.
On June 26, the wait time for both the ES7 and ET7 went from about 3 weeks to 6-8 weeks.
The latest wait time for the ET5 Touring is about 3 weeks, slightly lower than the previous 3-4 weeks.
Nio officially launched the ET5 Touring in China on June 15 with the same price as the regular ET5, starting at RMB 298,000.
ET5 Touring deliveries in China started on June 15.
Nio delivered 10,707 vehicles in June, up 73.96 percent from 6,155 in May, although down 17.39 percent from 12,961 in the same month last year, according to figures it announced on July 1.
Last week -- June 26 to July 2 -- Nio sold 4,100 units, up 28.13 percent from 3,200 units the week before, according to data shared by Li Auto (NASDAQ: LI) yesterday.
($1 = RMB 7.2218)
Data table: Latest wait times for Nio models after Jul 5 changes
(Screenshots on July 5, 2023)
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The ET5 Touring vehicles currently being delivered by NIO 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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