CnEVPost Newsletter: China NEV insurance registrations; NIO's new order intake
NIO launched the new ES6 on May 24, though the model is likely still in the process of climbing capacity and not contributing much to sales.
Confirmed orders for the ES6 accounted for 35-40 percent of new orders in May, meaning inflows since the model's launch in the last week of May have been quite meaningful, Morgan Stanley said.
Consumers who lock in their orders for the new ES6 can now expect delivery in about five weeks.
The new brand's official name could be Fangchengbao, with the first model expected to compete with the Mercedes-Benz G-Class.
The Lanshan DHT-PHEV, which competes with Li Auto's Li L8, sold 5,136 units in its first full month of sales, and its production capacity is climbing, Great Wall Motor said.
As of June 4, China's NEV ownership had exceeded 15 million units, achieving the goal of its 14th five-year plan ahead of schedule, an academician said.
The eVTOL can take off and land on the water and is currently used mainly for sightseeing tours and performances.
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