The soon-to-be-arrived new ET7 is practically tailored to challenge Tesla’s Model S, and now the company seems to have a (partial) response to the Model 3. Electrek says Nio has introduced the ET5, a more affordable mid-size electric sedan. It starts at 328,000 RMB (about $ 51,450), or well below the roughly $ 70,000 for the ET7, but offers similar grand figures. Nio claims that the basic 75kWh battery offers over 341 miles of range using a Chinese test cycle, while the top-of-the-line 150kWh “Ultralong Range” package is reportedly good for more than 620 miles. You’ll probably pay significantly more for that privilege and may not see that range in real life, but the numbers could still take you away from the more advanced 3 models if long-distance driving is key.
You can expect the usual loads of technology. The ET5 will have built-in support for autonomous driving functions once approved, and drivers will get a “digital cockpit” thanks to Nreal’s augmented reality glasses that can project a 201-inch virtual screen at 20 feet of viewing. distance. Nio teamed up with Nola to make VR glasses as well, although it’s safe to say you won’t be wearing them while driving.
Deliveries are expected to begin in September 2022. That’s a long way off, but Nio seems to be on the right track with his EV plans as he expects to deliver the ET7 on time (if only) starting March 28th.
This launch is also in line with Ni’s test steps outside China. The brand expanded to Norway only in 2021, but aimed to start sales in Denmark, Germany, the Netherlands and Sweden in 2022. The badge should be seen in 25 countries and regions by 2025. While the Nio will still not count as a car heavyweight by that stage, it could easily put pressure on other electric vehicle manufacturers within a few years.
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