Nio’s soon-to-be-released ET7 is practically tailor-made to challenge Tesla’s Model S, and now the company appears to have a (partial) answer to Model 3. Electrek says Nio has introduced the ET5, a more affordable “medium-sized” electric sedan. It starts at RMB 328,000 (about $51,450), or well below the ET7’s roughly $70,000, but offers similarly grand reach figures. Nio claims the base 75 kWh battery offers more than 341 miles of range using China’s test cycle, while the highest 150 kWh “Ultralong Range” pack is believed to be good for more than 620 miles. You’ll probably pay significantly more for the privilege and may not see that range in real life, but the numbers may still tempt you to move away from more expensive Model 3s if long-distance driving is crucial.
You can expect the usual accumulations of technology. The ET5 will have built-in support for autonomous driving if approved, and drivers will get a “digital cockpit” thanks to Nreal-developed augmented reality glasses that can project a virtual screen equal to 201 inches at a viewing angle of 20 feet away. . Nio has teamed up with Nolo to make VR goggles as well, though it’s safe to say you won’t be wearing those while driving.
Deliveries are expected to begin in September 2022. That’s a long way off, but Nio appears to be on track with its EV plans, as it expects to deliver the ET7 on time (if only) from March 28.
This launch also ties in with Nio’s cautious moves outside of China. The brand did not expand to Norway until 2021, but the goal was to start sales in Denmark, Germany, the Netherlands and Sweden in 2022. By 2025, you should see the badge in 25 countries and regions. While Nio still won’t count as a heavyweight in the auto industry by then, it could easily put pressure on other EV makers in a few years.
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