The information was last changed on January 28, when the ET5 had a shortened wait time of 3-4 weeks.
(From left to right: EC7, EC6, ET7, ET5. Screenshot on February 6.)
NIO's (NYSE: NIO) ET5 electric sedan wait time in China has been shortened again, continuing a pattern of the past two months.
Consumers who lock in ET5 orders now can expect delivery in about 3 weeks, the latest information from the NIO App shows.
The last change to the wait information was on January 28, when the ET5's shortened wait time was 3-4 weeks.
The ET5 was launched on NIO Day 2021 in December 2021, with the first delivery on September 30, 2022. Including the battery, the sedan has a starting price of RMB 328,000 ($48,380), making it the cheapest NIO model.
NIO currently has eight models on sale, including the ES8, ES6 and EC6 based on the NT 1.0 platform, and the all-new ES8, ES7, EC7, ET7 and ET5 on the NT 2.0 platform.
The EC7 coupe SUV and the all-new ES8 were launched at NIO Day 2022 on December 24, 2022, with deliveries to begin in May and June 2023, respectively.
The NIO App still does not show the wait times for the old ES8 and EC6.
The latest expected delivery dates for both the NIO ES7 and ET7 are 3-4 weeks, and the ES6 is about 2 weeks, all consistent with the previous ones.
(From left to right: All-new ES8, old ES8, ES7, ES6. Screenshot on February 6.)
Last week, local media reported that NIO was offering massive discounts to consumers, sparking widespread buzz. The company subsequently released a detailed discount program for car purchases to clarify the report.
The program released by NIO on February 3 includes subsidies for the purchase of its NT 1.0 platform models, additional discounts for stock vehicles and a small cash discount for the purchase of NT 2.0 platform models.
Consumers can currently enjoy higher discounts on NIO's NT 1.0 platform models as the company transitions these older models to the NT 2.0 platform.
In addition to the discounts offered for the NT 1.0 platform models and inventory vehicles, NIO is also offering smaller discounts on the ET7, ET5 and ES7, three NT 2.0 platform-based models.
Consumers who purchase the 2022 ES8, ET7 and ES7 in full cash will receive an RMB 5,000 cash discount, and for the 2022 ES6, 2022 EC6 and ET5, the amount is RMB 3,000.
Consumers who purchase 2022 ES8, ES6, EC6 on trade-in will receive RMB 15,000 worth of NIO Pilot package.
If they purchase ET7, ES7, they can get free Moon package and orange calipers worth RMB 8,000.
If they buy ET5 on trade-in, they can get 30,000 NIO Credits worth RMB3,000 after getting delivery.