According to Nio’s Co-Founder Qin Kihong, the U.S. listed Chinese EV maker will unveil the ES7 Model in mid-April this year. The new five-seater SUV is positioned between NIO ES8 and NIO ES6 and will be built based on the NT2.0 platform. The model will be equipped with very advanced intelligent configuration and will be benchmarked with the BMW X5L, according to Nio’s Co-Founder Qin Lihong.
On January 17th, the model was spotted on the road in China under Spy Mode. The first images were leaked on the last days of 2021, and is now officially confirmed by the company. The new SUV is expected to be released at the Beijing Auto Show in 2022.
Comparing it with the already released models from the Chinese EV, the ES7 is:
1: Equipped with NT2.0 Hardware — the layout of the watchtower is basically the same as that of ET7 and ET5 and has the ability of NAD (NIO Autonomous Driving).
2: The outflowing model is the shell of the ES6 — It is known that the ES7 will be longer than the current ES6 captain, and it is positioned between the NIO ES8 and the NIO ES6.
3: The charging port of ES7 in low located in a different area — As can be seen from the picture.
4: The intelligent cockpit hardware carried in the car is also likely to be Qualcomm Snapdragon’s 8155 processor.
The model is expected to be revealed during Auto China, the international automotive exhibition taking place at the China International Exhibition Center of Beijing. The event will take place from Thursday, 21. April to Saturday, 30. April 2022 in Beijing.
Institutions have been buying shares of Nio during the pullback with E-Fund buying 338k shares ($10.7M) and BlackRock another 2.4M ($67M) during Q4 2021.
Founded in 2001, E Fund Management Co., the largest comprehensive fund manager in China, added Nio to its portfolio with a 338k shares valued at $10.7 Million. E-Fund has grown tremendously to become the largest integrated management corporations in China with total assets under management about RMB 2.7 trillion as of Dec 31, 2021. The Chinese Fund offers both mutual fund and customized asset management solutions to help its onshore and offshore clients fulfill their investment objectives, assisting them to achieve long-term and sustainable returns.
E Fund Management Co., Ltd.’s top holdings are Alibaba Group Holding Limited, JD.com, Inc., Baidu, Inc. , Pinduoduo Inc – ADR , and NetEase, Inc.. E Fund Management Co., Ltd.’s new positions include Kanzhun Ltd , Nio Inc , SPDR S&P 500 ETF Trust , PowerShares QQQ Trust (US:QQQ) , and Yum China Holdings Inc.
Also BlackRock Inc. — one of the biggest Nio holders — added another 3 Million Nio shares. According to Fintel Data, BlackRock Inc. has filed a 13F-HR form disclosing ownership of 64,036,975 shares of Nio Inc with total holdings valued at $2,028,693,000 USD as of 2021-12-31. BlackRock Inc. had filed a previous 13F-HR on 2021-11-09 disclosing 61,624,811 shares of Nio Inc at a value of $2,195,693,000 USD. This represents a change in shares of 3.91% and a change in value of -7.61% during the quarter.
The EV maker delivered 9,652 vehicles in January 2022, representing an increase of 33.6% year-over-year. The deliveries consisted of 1,531 ES8s, the Company’s six- or seven-seater flagship premium smart electric SUV, 5,247 ES6s, the Company’s five-seater high-performance premium smart electric SUV, and 2,874 EC6s, the Company’s five-seater premium smart electric coupe SUV. As of January 31, 2022, cumulative deliveries of the ES8, ES6 and EC6 reached 176,722 vehicles.
On January 27th and acording to SEC, Originalwish Limited, the company founded by Nio’s CEO, bought today another 3 Million shares ($68 Million) having now a total of 177,467,776 shares. The company has currently a 10.40% stake in Nio being on the Top-3 of Institutional Owners among Tencent and Baillie Gifford. The info was firstly posted by Marcel Munch on his Twitter account.