NIO vehicles registered 2,818 insurance units in China last week, including 1,794 ET5s.
(From left to right: EC7, EC6, ET7, ET5. Screenshot on January 11.)
The wait time for NIO's (NYSE: NIO) ET5 electric sedan in China gets shorter again, continuing a similar change from the past month.
Consumers who lock in their ET5 orders now can expect delivery in 7-9 weeks, one week shorter than previously, according to the latest information from the NIO App.
The last change in the information was on January 5, when the ET5 wait time was shortened from 9-11 weeks to 8-10 weeks.
NIO is currently delivering the old ES8, ES6, EC6, ES7, ET7, and ET5 models.
The NIO App is still not showing wait times for the old ES8 and EC6, and wait times for the ES7 and ET7 are still both 2-3 weeks and about 2 weeks for the ES6, consistent with previous information.
(From left to right: All-new ES8, old ES8, ES7, ES6. Screenshot on January 11.)
The company launched two new models -- the EC7 coupe SUV and the new ES8 -- at NIO Day 2022 on December 24, with deliveries set to begin in May and June 2023, respectively.
The ET5 was launched on NIO Day 2021 in December 2021, with first deliveries on September 30, 2022. Including the battery, the sedan has a starting price of RMB 328,000 ($46,970), making it the cheapest NIO model.
The ET5 is built at NIO's F2 plant in NeoPark, with all other current models built at the JAC-NIO F1 plant.
NIO first showed the wait times for all its models on September 16, 2022, with the ET5 then at 21-23 weeks.
The NIO App stopped showing ET5 wait time on October 21 and restarted showing them on December 2. The wait time for the model has been getting consistently shorter since December.
NIO delivered a record 15,815 vehicles in December, bringing full-year 2022 deliveries to 122,486 vehicles, up 34 percent year-on-year.
ET5 delivered 7,594 vehicles in December, bringing cumulative deliveries since September to 11,813, according to data monitored by CnEVPost.
Last week, from January 2 to 8, NIO vehicles registered 2,818 insurance units in China, including 1,794 ET5s.