Enabled by NIO Power cloud and a comprehensive power infrastructure, it can let users plan for charging and swapping along the navigation route for long-distance trips with just one tap. It is particularly worth mentioning that Banyan 2.0 provides a new feature, that is automatic planning of charging and swapping routes. By connecting NIO's products, services and the community in a more seamless way, Banyan 2.0 will deliver a one-of-a-kind digital experience. This release includes over 120 new features and enhancements. In June, NIO's smart system, Banyan, will be upgraded to version 2.0. As we proceed with product platform transition, NIO's complete NT 2.0 lineup, featuring eight different products will form a combined force to better cater to the diverse needs in the premium smart EV market and provide users with more experiences beyond expectations. The new EC6, our second-generation, mid-size smart coupe SUV will be launched and delivered in the third quarter. As the world's first smart electric tourer, the ET5 Touring is designed to cover diversified scenarios for both individual and family users, significantly improving our competitiveness in the premium family vehicle market.īesides NIO's flagship SUVs, the All-New ES8 will also commence delivery in the near term. We plan to launch the NIO ET5 Touring on June 15 and start delivery in the same month. Power's 2023 NEV-IQ Study, which evaluates new energy vehicles' performance, execution and layout, NIO ET7 ranked number one among premium BEVs. Power's 2023 China New Energy Vehicle Initial Quality Study released on June 1, NIO's ES6 won first place in the premium BEV segment for the fourth consecutive year. On April 24, NIO ET5 was rated good, the highest safety level, by China Insurance Automobile Safety Index, or CIASI. NIO's product quality and safety are also recognized by authoritative institutions. As a flagship coupe SUV, EC7 inherits NIO's high-performance DNA and boasts ultimate riding and handling experience. Coming with more than 15 new features and enhancements, the 2023 NIO ET7 continues to lead the change in the premium smart electric large sedan market.
In May, we also started the user delivery of the 2023 NIO ET7 and the flagship coupe SUV, EC7. The product quality of the All-New ES6 has been widely acclaimed by the first batch of users. On May 24, we launched the All-New ES6, an all-round, mid-sized, smart electric SUV, and started its delivery the next day. Next, I would like to share with you the recent highlights of our product R&D and operations. As we ramp up the production of the All-New ES6 and other new models, we are confident in continuously driving up our delivery volume. We expect the total deliveries in the second quarter of this year to be between 23,000 and 25,000 units.
In April and May, NIO delivered 6,658 and 6,155 vehicles, respectively. In the first quarter of 2023, NIO delivered a total of 31,041 smart electric vehicles, up 20.5% year over year. Thank you for joining NIO's 2023 First Quarter Earnings Call. With that, I will now turn the call over to our CEO, Mr. Please refer to NIO's press release, which contains a reconciliation of the unaudited non-GAAP measures to comparable GAAP measures. Please also note that NIO's earnings press release and this conference call include discussions of unaudited GAAP financial information as well as unaudited non-GAAP financial measures.
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The Company does not assume any obligation to update any forward-looking statements, except as required under applicable law. Further information regarding risks and uncertainties is included in certain filings of the Company with the US Securities and Exchange Commission, the Stock Exchange of Hong Kong Limited and the Singapore Exchange Securities Trading Limited. As such, the Company's actual results may be materially different from the views expressed today. Forward-looking statements involve inherent risks and uncertainties. Jade Wei, VP of Capital Markets.īefore we continue, please be kindly reminded that today's discussion will contain forward-looking statements made under the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995.
William Li, Founder, Chairman of the Board and Chief Executive Officer Mr. The Company's financial and operating results were published in the press release earlier today and are posted at the Company's IR website. Welcome to NIO's First Quarter 2023 Earnings Conference Call. I would now like to hand the conference over to your host, Ms. Today's conference call is being recorded. At this time, all participants are in a listen-only mode. Thank you for standing by, and welcome to the NIO Incorporated First Quarter 2023 Earnings Conference Call.
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