Wait times for all of Nio's "866" models have been reduced to 2-3 weeks, for the ES7 to 7-9 weeks and for the ET7 to 4-6 weeks.
The expected delivery times for most Nio models have been further reduced, the company's second update of the information this week.
Nio currently sells six models in China, including three models based on the NT 1.0 platform -- the ES8, ES6 and EC6 -- and three models based on the NT 2.0 platform -- the ES7, ET7 and ET5.
The latest expected delivery times for all three NT 1.0 platform-based "866" models are 2-3 weeks after locking in orders, the latest information from the Nio App shows. Prior to today, the wait times for ES8, ES6, and EC6 were all 2-4 weeks.
(Vehicle information displayed in Nio App on November 3. From left to right, ES8, ES6, EC6.)
The latest expected delivery date for Nio ES7 is 7-9 weeks after consumers locking in orders, shortened from the previous 11-13 weeks.
The latest wait time for Nio ET7 is 4-6 weeks, down from 6-8 weeks previously.
The Nio App still does not show the expected delivery date for ET5.
(Vehicle information displayed in Nio App on November 3.)
The last change in Nio vehicle wait times was on October 31, when wait times were reduced from 3-5 weeks to 2-4 weeks for the "866" model based on the NT 1.0 platform, and from 12-14 weeks to 11-13 weeks for the ES7.
The company delivered 10,059 vehicles in October, down 7.5 percent from 10,878 in September and up 174.31 percent from 3,667 in the same month last year, according to data released November 1.
The deliveries consisted of 5,979 SUVs, including 2,814 ES7s, and 4,080 electric sedans, including 3,050 ET7s and 1,030 ET5s.
The company did not release a breakdown of deliveries for models based on the NT 1.0 platform, though calculations show they delivered a total of 3,165 units in October.
In announcing that delivery figure, Nio said production and delivery of its vehicles was limited by operational challenges at its plants and supply chain fluctuations due to the Covid-19 situation in certain parts of China.
Separately, 36kr reported on November 1 that Nio's production had been facing challenges since mid-October, and its two plants suffered production shutdowns.
Nio acknowledged yesterday that the report was true and said today that production resumed at its factories in Hefei, according to local media reports.
Moreover, with China's state subsidies for new energy vehicle purchases set to expire at the end of the year, Nio yesterday updated its subsidy plan for consumers purchasing its vehicles.
For consumers who purchase all Nio models except the ET5, they will be able to enjoy the same subsidy amount as in 2022, as long as they lock in their configuration by December 31.
