Phate Zhang

CICC expects the first quarter to contribute 15.7 percent of China's 2023 NEV sales, with 20.7 percent, 27.6 percent and 35.9 percent from the second to fourth quarters, respectively.

Nio's yet-to-be-unveiled one or two new models could be delivered earlier than the EC7 and the new ES8, Qin Lihong said.

The information was last changed on January 28, when the ET5 had a shortened wait time of 3-4 weeks.

This is the latest measure in China aimed at boosting the EV industry, which previously saw high growth in the private sector.

This represents a 10.37 percent increase over the 59,845 vehicles sold in the same month last year and an 18.38 percent increase over the 55,796 vehicles sold in December.

Deliveries of the new P7 in Europe will begin in June, and deliveries of the G9 are expected to begin in September.

In the package, Nio details the discounts it is offering for models due for a changeover, stock car discounts and cash discounts for NT 2.0 platform models.

Nio's 2022 ES8, ES6 and EC6 models are getting new facelifts and there are still a few show cars and stock vehicles available for sale, it said.

Nio's sales staff said they have never seen such big discounts, but there are not many cars like this available.

BYD's NEV sales ended a 10-month streak of growth, as the Chinese New Year holiday took its toll on sales.