Nio

Wait times for both the ET7 and ES8 have shrunk from 3-4 weeks previously to 2-3 weeks, while the EC7 has extended from 3-4 weeks to 4-5 weeks.

The Nio main brand saw a 14.99 percent sequential increase in deliveries in February, while the Onvo sub-brand saw a 31.51 percent sequential decrease.

The Nio main brand has extended its 5-year 0-interest financing plan until the end of this month, and sub-brand Onvo launched the same plan earlier today.

Onvo launched higher-value 5-year 0-interest financing package, but removed BaaS benefit available in February, resulting in scaled-back overall benefits.

Onvo will allow owners to upgrade their 60-kWh standard range battery packs to 85-kWh long range packs on a daily, monthly or annual basis starting March 1.

Deutsche Bank expects the Nio main brand to deliver around 8,000 units in February, and the Onvo sub-brand around 5,000 units.

In the UAE, a single battery swap service costs AED 119 ($32) for a 100-kWh battery pack and AED 99 for a 75-kWh pack.

As Nio's car sales rise, battery swap services are expected to see rapid growth, analysts said.

Nio has built its first battery swap station in the MENA region and the facility is expected to be operational on Thursday.

Onvo shared a new image today about the L90, continuing to benchmark the model against Li Auto.