The ES6 now has a wait time of 3-4 weeks, the ET5 and ET5 Touring are both about 3 weeks, and the ES8 is 8-9 weeks.
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As of July 5, Xpeng's US-traded ADR was up about 75 percent cumulatively since June 9, when the G6 began pre-sales.
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Xpeng's (NYSE: XPEV) new SUV, the G6, has received good initial acceptance and now the company has an important task: ramping up production capacity as soon as possible.
Customers have been very enthusiastic about the G6, and those who order it now will have to wait about 10 weeks, Brain Gu, Xpeng's vice chairman and president, told English-language media reporters, including CnEVPost, at an online conference Wednesday night.
Xpeng wants shorter and shorter delivery cycles for the G6, but right now the model still needs capacity ramp-up, Gu said.
He mentioned that the G6 has received a significant number of orders, which would help Xpeng see monthly deliveries reach 15,000 units in the third quarter and 20,000 units in the fourth quarter.
Xpeng officially launched the G6 in China on June 29 with a starting price of RMB 209,900 ($28,980), significantly lower than the starting price of RMB 263,900 for the Tesla (NASDAQ: TSLA) Model Y, its main competitor, in China.
The company began pre-sales for the G6 on June 9 and later announced that the model had received more than 25,000 orders within 72 hours.
At the launch event on June 29, Xpeng chairman and CEO He Xiaopeng said the G6 had more than 35,000 pre-sales orders as of June 28 since the pre-sale.
The G6 is expected to become the top-selling smart electric SUV priced at the RMB 250,000 level in China within two months, he said at the time.
In an interview with local media following the G6 launch, Mr. He said the G6's monthly sales target is at least 10,000 units.
CnEVPost's latest look at the Xpeng app shows that the G6's lower-priced Pro versions all currently have an estimated wait time of 10 weeks, while the Max versions all have 12 weeks.
As the electric vehicle industry in China becomes more competitive, quick deliveries are important to capitalize on the initial hype of new models.
Xpeng's local peer Li Auto (NASDAQ: LI) has proven this to be true, with its three models -- the Li L7, Li L8 and Li L9 -- all currently having 2-4 week wait times.
Nio (NYSE: NIO) also learned its lesson when it launched several new models this year, with deliveries of the new ES6 starting the night it was launched on May 24 and the ET5 Touring on June 16, the day after its launch.
Although the G6 is seen as critical to Xpeng, the company's management believes a car company cannot bet its future on just one model.
In the auto industry, carmakers need to think long-term and be systematically competitive, Mr. He said earlier this month.
Investors are clearly bullish on the G6's potential, with Xpeng's US-traded ADRs up about 75 percent cumulatively as of July 5 since the G6 began pre-sales on June 9.
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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.
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Data table: Latest wait times for Nio models after Jul 5 changes
(Screenshots on July 5, 2023)
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The latest wait times for all three versions of the Tesla Model Y in China are a slightly longer 2-6 weeks, the second change this year since January 9.
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Tesla's (NASDAQ: TSLA) Model Y -- the best-selling SUV in China -- is seeing longer wait times, the second such change in the first half of this year.
The latest expected delivery dates for all three available versions of the Model Y in China -- the entry-level rear-wheel drive Model Y, the dual-motor all-wheel drive Model Y Long Range, and the dual-motor all-wheel drive Model Y Performance -- are all 2-6 weeks, CnEVPost's monitoring shows.
The last change in wait times for the Model Y in China was on January 9, when both the entry-level Model Y and Model Y Long Range went from 1-4 weeks to 2-5 weeks, and the Model Y Performance stayed at 1-4 weeks.
CnEVPost has been tracking wait times and price changes for Tesla models in China on a daily basis since April 2022. The latest change in Model Y wait times is the second in the first half of the year.
(Vehicle information displayed on Tesla's China website on June 30, 2023.)
Tesla has a factory in Shanghai that produces the Model 3 and Model Y. The expected delivery dates for the two versions of the Model 3 -- the entry-level rear-wheel drive version and the dual-motor all-wheel drive Model 3 Performance -- remain unchanged at 1-4 weeks.
The Model 3 and Model Y showed no change in price or core specification information today. There have been some changes to their pricing information in China in the first half of this year.
On January 6, Tesla significantly lowered the prices of the full range of Model 3 and Model Y in China. The specific adjustments at that time were as follows:
The price of the entry-level Model 3 was reduced by RMB 36,000 from RMB 265,900 ($36,660) to RMB 229,900 on January 6, and the Model 3 Performance was reduced by RMB 20,000 from RMB 349,900 to RMB 329,900.
The price of the entry-level Model Y was reduced by RMB 29,000 from RMB 288,900 to RMB 259,900 on January 6, and the Model Y Long Range was reduced by RMB 48,000 from RMB 357,900 to RMB 309,900. The Model Y Performance was reduced by RMB 38,000 to RMB 359,900 from RMB 397,900.
On February 10, Tesla increased the price of the base Model Y in China by RMB 2,000 to RMB 261,900.
On February 17, Tesla increased the price of Model Y Long Range and Model Y Performance in China both by RMB 2,000 to RMB 311,900 and RMB 361,900, respectively.
On May 2, Tesla increased the prices of the entire Model 3 and Model Y lineup by RMB 2,000 in China. Following this adjustment, the starting prices for the two versions of the Model 3 were RMB 231,900 and RMB 331,900, respectively, and the starting prices for the three versions of the Model Y were RMB 263,900, RMB 313,900 and RMB 363,900, respectively.
Prices for the Model 3 and Model Y have not changed in China since the May 2 price change.
Tesla sold 42,508 Model 3 and Model Y vehicles in China in May, and the Shanghai plant exported 35,187 vehicles, according to the China Passenger Car Association (CPCA).
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.
This makes the Model Y the best-selling SUV in China in May, above the second-place BYD Yuan Plus with 26,072 units and the third-place BYD Song Plus with 22,079 units, according to a ranking by the CPCA.
From January to May, Model Y retail sales in China were 152,461 units, up 87.03 percent year-on-year, making it the best-selling SUV in China during that period.
Yesterday, local media outlet 36kr reported that Tesla's revamped China-made Model 3 will have an upgraded battery pack, with the base rear-wheel drive version using CATL's new M3P lithium iron phosphate battery, which will be upgraded from 60 kWh to 66 kWh in capacity.
The 66-kWh battery pack will not only be used in the improved Model 3, but also in the future upgraded Model Y, the report said, citing sources.
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Wait times for both the Nio ES7 and ET7 have gone from about 3 weeks to 6-8 weeks, and for the ES6 from about 5 weeks to 3-4 weeks.
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Nio's (NYSE: NIO) two more expensive models have longer wait times in China, while the new ES6 has a slightly shorter wait time.
Consumers locking in orders for the Nio ES7 now are expected to get deliveries in 6-8 weeks, up from about 3 weeks previously, the latest information from the Nio App monitored by CnEVPost shows.
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 the second-generation platform, with a starting price of RMB 438,000 ($61,000) including the battery.
The wait time for the Nio ET7 in China has also gone from about 3 weeks to 6-8 weeks today.
The Nio ET7 was originally launched at the Nio Day 2020 event on January 9, 2021, 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 starting at RMB 428,000, the same as the previous version. Deliveries of the new ET7 begin on May 19.
While the wait times for Nio ES7 and ET7 have become longer, the wait time for the new ES6 has been reduced to 3-4 weeks today from about 5 weeks previously.
Nio officially launched the new ES6 on May 24, and deliveries started that night. The model is Nio's cheapest SUV, with a starting price of RMB 338,000.
The electric vehicle maker announced on June 24 that deliveries of the new ES8 will begin on June 28. The Nio App currently shows the wait time for the model is still June.
The new ES8 was launched on Nio Day 2022, December 24, 2022, and is Nio's transition to the NT 2.0 platform for its first production vehicle.
The Nio EC7 currently has a wait time of about 4 weeks, the same as before. The wait times for the ET5 and ET5 Touring are also unchanged at about 3 weeks and 3-4 weeks respectively.
Data table: Latest wait times for NIO models after Jun 26 changes
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(Screenshots on June 26, 2023)
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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.
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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.
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NIO launches ET5 Touring in China with same pricing as regular ET5
(Screenshots on June 16.)
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Wait times for the NIO ES7 have gone from 3-4 weeks to about 3 weeks, the EC7 from about 5 weeks to about 4 weeks and the ET7 from 3-4 weeks to about 3 weeks.
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NIO's (NYSE: NIO) three 7-series models have slightly shorter wait times in China, after the electric vehicle maker lowered prices on its entire lineup yesterday.
The latest wait time for the NIO ES7 SUV is about 3 weeks, slightly lower than the previous 3-4 weeks, the latest check of the NIO App by CnEVPost today shows.
NIO launched the ES7 on June 15, 2022, the company's second model based on the NT 2.0 platform after the ET7 sedan, and the first SUV on the second-generation platform. The first delivery of the NIO ES7 was on August 28, 2022.
The model's last wait time change was on June 5, when it went from about 3 weeks to 3-4 weeks.
The latest wait time for the NIO EC7 coupe SUV is about 4 weeks, compared to about 5 weeks previously.
The EC7 was launched on NIO Day 2022, December 24, 2022, with the first delivery on April 28 of this year.
The model's last wait time change was on June 1, when it went from 5-7 weeks to about 5 weeks.
The latest wait time for the NIO ET7 is around 3 weeks, down from the previous 3-4 weeks.
On the first day of the Shanghai auto show on April 18, NIO launched the 2023 ET7 at the same price as the previous version. Deliveries of the new ET7 began on May 19.
The last change in ET7 waiting time was on June 5, when it went from about 3 weeks to 3-4 weeks.
Wait times for other NIO models remain unchanged today, with the expected delivery date for the new ES8 still showing June, the new ES6 at around 5 weeks and the ET5 at around 3 weeks.
NIO yesterday lowered the starting prices for all models by RMB 30,000 ($4,200) and made the previously free battery swap benefit a paid option.
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Data table: Latest wait times for NIO models after Jun 13 changes
(Screenshots on June 13.)
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Wait times for the NIO ES7 have gone from 3-4 weeks to about 3 weeks, the EC7 from about 5 weeks to about 4 weeks and the ET7 from 3-4 weeks to about 3 weeks.
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NIO's (NYSE: NIO) three 7-series models have slightly shorter wait times in China, after the electric vehicle maker lowered prices on its entire lineup yesterday.
The latest wait time for the NIO ES7 SUV is about 3 weeks, slightly lower than the previous 3-4 weeks, the latest check of the NIO App by CnEVPost today shows.
NIO launched the ES7 on June 15, 2022, the company's second model based on the NT 2.0 platform after the ET7 sedan, and the first SUV on the second-generation platform. The first delivery of the NIO ES7 was on August 28, 2022.
The model's last wait time change was on June 5, when it went from about 3 weeks to 3-4 weeks.
The latest wait time for the NIO EC7 coupe SUV is about 4 weeks, compared to about 5 weeks previously.
The EC7 was launched on NIO Day 2022, December 24, 2022, with the first delivery on April 28 of this year.
The model's last wait time change was on June 1, when it went from 5-7 weeks to about 5 weeks.
The latest wait time for the NIO ET7 is around 3 weeks, down from the previous 3-4 weeks.
On the first day of the Shanghai auto show on April 18, NIO launched the 2023 ET7 at the same price as the previous version. Deliveries of the new ET7 began on May 19.
The last change in ET7 waiting time was on June 5, when it went from about 3 weeks to 3-4 weeks.
Wait times for other NIO models remain unchanged today, with the expected delivery date for the new ES8 still showing June, the new ES6 at around 5 weeks and the ET5 at around 3 weeks.
NIO yesterday lowered the starting prices for all models by RMB 30,000 ($4,200) and made the previously free battery swap benefit a paid option.
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Data table: Latest wait times for NIO models after Jun 13 changes
(Screenshots on June 13.)
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Consumers who lock in their orders for the new ES6 can now expect delivery in about five weeks.
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NIO's (NYSE: NIO) vehicle configurator page stopped displaying the wait time for the new ES6 last week, and the information is now being displayed again.
Consumers who lock in their orders for the new ES6 now can expect delivery in about five weeks, the latest information on the NIO App shows.
NIO unveiled the new ES6 on April 18, the first day of the Shanghai auto show, and began accepting pre-orders, although the price was not announced at the time.
On May 24, NIO officially launched the new ES6 with a starting price of RMB 368,000 ($51,810), including the battery.
Deliveries began the same night the model was launched, with the NIO App showing an expected delivery date of "May".
NIO began production of the new ES6 based on the designer's recommended configuration combinations, and if consumers purchase these vehicles, deliveries will officially begin on May 25, according to a May 24 NIO App post.
Consumers who wish to customize the vehicles can lock in their orders in the NIO App, and deliveries will begin in mid-June, the company said at the time.
On May 30, NIO's mobile app stopped showing the wait time for the new ES6.
Although NIO produced some new ES6 vehicles in advance for quick delivery, the model is still in the capacity creep phase and contributed minimally to its May deliveries.
NIO delivered 6,155 vehicles in May, down 7.55 percent from April and down 12.37 percent year-on-year, according to data released on June 1.
The deliveries included 2,396 SUVs, and 3,759 sedans, NIO said, without disclosing model-specific breakdowns.
NIO will complete the capacity ramp for the new ES6 in June to deliver vehicles as early as possible, Jim Wei, the company's senior vice president of user operations, said in announcing May delivery figures on the NIO App on June 1.
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(Screenshots on June 6.)
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Wait times for both the NIO ES7 and ET7 have gone from about 3 weeks to 3-4 weeks.
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Wait times for two NIO (NYSE: NIO) models have gotten slightly longer, the latest check by CnEVPost shows.
The current wait time for the NIO ES7 is 3-4 weeks, slightly higher than the about 3 weeks as shown previously, according to the NIO App.
NIO launched the ES7 on June 15, 2022, the company's second model based on the NT 2.0 platform after the ET7, and the first SUV on that second-generation platform.
The first delivery of the NIO ES7 was on August 28, 2022. NIO does not disclose ES7's deliveries when it announces monthly delivery figures.
The last change in the model's wait time was on June 1, from about four weeks to about three weeks.
The latest wait time for the NIO ET7 is also 3-4 weeks, slightly higher than the previous wait time of about 3 weeks.
The last change in the sedan's wait time was on April 28, from about 4 weeks to about 3 weeks.
On the first day of the Shanghai auto show on April 18, NIO launched the 2023 ET7 at the same prices as the previous version. Deliveries of the new ET7 began on May 19.
Except for the ES7 and ET7, the expected delivery dates for NIO's other models remain unchanged today.
Deliveries of the new ES8 are expected to start in June, the wait time for the new ES6 is still not shown, the EC7 is about 5 weeks and the ET5 is about 3 weeks, information from the NIO App monitored by CnEVPost shows.
NIO delivered 6,155 vehicles in May, down 7.55 percent from April and down 12.37 percent year-on-year, according to data released on June 1.
NIO plans to launch a new model based on the NT 2.0, the ET5 Touring, a midsize electric wagon that will begin deliveries to customers in June, the company said in announcing the May deliveries.
(Screenshots on June 5.)
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