NIO will market its ET5 and ET7 electric sedans in Europe in 2023
- NIO is becoming a notable player in the Chinese battery electric vehicle market, since the brand, a subsidiary of the JAC group (Anhui Jianghuai Automotive Group) sold 82,569 of these vehicles in China over the first 11 months of 2021, i.e. a current rate of 90 000 units per year. Nio began by marketing SUVs on the Chinese market with the EC6 (D segment coupe), ES6 (D segment) and ES8 (E segment).
- Indeed, NIO is still far from Tesla's sales figures in China (242,000 units over the first 11 months of 2021), but the Chinese carmaker now intends to compete the Californian carmaker by offering the same type of models, with a D-segment sedan close to the Model 3 and an E-segment sedan close to the Model S.
- The first was unveiled this month, it is the ET5 sedan which is largely inspired by the Model 3, even if its length reaches 4.79 m against 4.69 m for the Model 3. The second has been unveiled several months ago, it is the ET7 sedan, which is largely inspired by the Model S, even if its length reaches 5.10 m against 4.98 m for the Model S.
- The ET7 has just started to be sold in China while the ET5 will begin in 2022. Their selling in Europe should take place in 2023, with the main advantage of a price slightly lower than the Tesla and a greater autonomy on the versions with 100 kWh of battery capacity. We are talking about 1 000 km of autonomy for these two models, according to the WLTP cycle. The ET5 and ET7 will also be available in versions of 75 kWh and 100 kWh of battery capacity, with a range of 500 km and 750 km respectively, according to the WLTP cycle.
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