The ES8 and EC7, Nio's highest priced models, both previously saw wait times reduced from 4-5 weeks to 3-4 weeks on October 11.
(Image credit: CnEVPost)
Nio's (NYSE: NIO) two highest-priced models saw further reductions in wait times.
The company's flagship SUV, the ES8, and coupe SUV, the EC7, both now have wait times of 2-3 weeks in China, both shortened from the previous 3-4 weeks, information monitored by CnEVPost shows.
Nio's current models on sale include the ES8, ES7, ES6, EC7, EC6, ET7, ET5, and ET5 Touring, the first five of which are SUVs and the last three sedans.
The ES8 and EC7 are by far the most expensive, starting at RMB 498,000 ($68,140) and RMB 458,000, respectively, including the battery.
The last time wait times for these two models changed was on October 11, when both were shortened from 4-5 weeks to 3-4 weeks.
Wait times for Nio's other models are unchanged today, with the ET5, ET5 Touring, ES6, and EC6 all at 2-3 weeks, and the ET7 and ES7 at 4-5 weeks.
Nio model wait time changes on October 24, 2023
| Model | Starting Price (RMB) | Previous | Latest | Change |
|---|---|---|---|---|
| ET5 | 298,000 | 2-3 weeks | 2-3 weeks | - |
| ET5 Touring | 298,000 | 2-3 weeks | 2-3 weeks | - |
| ES6 | 338,000 | 2-3 weeks | 2-3 weeks | - |
| EC6 | 358,000 | 2-3 weeks | 2-3 weeks | - |
| ET7 | 428,000 | 4-5 weeks | 4-5 weeks | - |
| ES7 | 438,000 | 4-5 weeks | 4-5 weeks | - |
| EC7 | 458,000 | 3-4 weeks | 2-3 weeks | ↓ |
| ES8 | 498,000 | 3-4 weeks | 2-3 weeks | ↓ |
The company's vehicles are produced at its F1 and F2 plants in Hefei, Anhui province, which it built with Anhui Jianghuai Automobile Group (JAC).
On October 19, JAC said it plan to sell the assets of two plants. Subsequently, local media reported that the two plants were the Nio F1 and F2 plants, and that Nio could take over and would seek independent vehicle production qualification.
On October 20, Nio said it opened the F2 plant in Hefei's NeoPark to public tours from 1:30 pm to 3:30 pm on Tuesdays and Thursdays.
The F2 plant enables efficient, flexible production for 3,592,320 configuration combinations, Nio said at the time.
Vehicles produced at the plant can be delivered in just 21 days from the confirmation of customer order requirements, the company said.
(Screenshots of the Nio App on October 24, 2023.)
($1 = RMB 7.3084)
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