The revamping of Nio’s present fashions is about to maneuver forward of schedule, with deliveries of the primary such mannequin subsequent set to start within the first quarter of subsequent 12 months, in response to native media.
(Picture credit score: CnEVPost)
Nio (NYSE: NIO) is accelerating quite a few initiatives, with plans to revamp present fashions shifting quicker, in response to a brand new report.
“The beginning of mass manufacturing and supply of NT 2.2 platform merchandise will probably be moved to an earlier date,” native media outlet AutoPix mentioned in a report at present, citing an engineer near Nio.
The NT 2.2 platform merchandise confer with facelifts of the NT 2.0 platform-based fashions that Nio at the moment sells, with deliveries of the primary such mannequin subsequent set to start within the first quarter of subsequent 12 months, in response to the report.
Nio launched the ET7, its first sedan and the primary mannequin on the NT 2.0 platform, on the Nio Day 2020 occasion on January 9, 2021.
The corporate has launched a number of new NT 2.0 platform-based fashions over the previous two years and accomplished the transition of all NT 1.0 platform-based fashions to the NT 2.0 platform with the launch of the brand new EC6 on September 15.
Nio’s present fashions on sale embody ES8, ES7, ES6, EC7, EC6, ET7, ET5, ET5 Touring, all primarily based on the NT 2.0 platform.
On the primary day of this 12 months’s Shanghai auto present on April 18, Nio launched the 2023 ET7, the primary facelift for the corporate’s fashions primarily based on the NT 2.0 platform. Deliveries of the brand new ET7 started in mid-Might.
The Nio model can have no new product releases subsequent 12 months, however can have its common model-year facelifts, William Li, the corporate’s founder, chairman, and CEO, mentioned in an August 29 earnings name.
Since they’re annual facelifts, the NT 2.2 platform merchandise will not change a lot in comparison with Nio’s on-sale fashions, AutoPix mentioned within the report at present.
In actual fact, the 2023 ET7 is simply that, largely making up for the shortcomings which were essentially the most complained about by prospects since launch.
The 2023 ET7 brings greater than 15 product updates, together with improved seats and a 40w wi-fi charging panel for cell telephones, however the worth stays the identical.
Nio can have a fancy new product plan over the following 12 months, and the sooner the NT 2.2 fashions launch, the longer the window for better gross sales, the AutoPix report famous.
Nio’s mass-market-oriented sub-brand, codenamed Alps, will launch its first mannequin within the second half of subsequent 12 months, which can even be the primary mannequin primarily based on NT 3.0.
The Alps mannequin will start trial manufacturing in November, and the primary mannequin from Nio’s most important model primarily based on the NT 3.0 platform will comply with the mannequin into trial manufacturing, in response to the report.
The Alps fashions will initially be priced decrease than the Nio NT 2.2 fashions, whereas the Nio-branded fashions primarily based on the NT 3.0 platform will initially be priced comparatively greater than comparable NT 2.2 fashions, the report mentioned.
Nio’s present most important sellers are the cheaper ES6, ET5, and ET5 Touring, which collectively contributed 75 p.c of its 15,641 month-to-month deliveries in September.
The ES8 bought 2,139 items final month regardless of being the most costly, with a beginning worth of RMB 498,000 ($68,170) in China. The brand new EC6, which solely went on sale on September 15, additionally delivered 1,006 items in September.
For comparability, Nio’s three 7 collection fashions — ET7, ES7 and EC7 — every bought lower than 300 final month.
These three fashions are anticipated to see the earliest launch of revamped fashions and provided that the ET7 facelift was launched in April, the ES7 facelift might be subsequent on the horizon.
($1 = RMB 7.3056)
Nio Sept deliveries breakdown: ES6 contributes 50.48% with 7,896 items