Chinese Electric Car Enters the EU Market with Three Models

Chinese electric car manufacturer NIO enters the EU market this week.

In the new European markets, yes, including Germany, NIO offers vehicle use exclusively by subscription or leasing. One turns with it according to their own statements, also aimed at small and medium-sized companies. Interested private and business customers can now order the respective vehicle directly on NIO.com. However, NIO only offers the leasing program through partners. However, both leasing users and users of a subscription should otherwise receive the same NIO user experience. NIO wants to allay concerns about the range of e-cars with the "Battery as a Service" (BaaS) concept. BaaS allows drivers to swap their battery in less than 5 minutes at a power swap station. With the growing infrastructure of power swap stations, business trips should then be carried out completely electrically without any loss of time. More than 1,100 Power Swap Stations are currently in operation worldwide. So it will be a long time before this is widely established. Here you are still an early adopter. As of this week, three all-electric vehicles from NIO are available in the EU: According to the company, further offers from NIO for business users will follow shortly. In general, you can also find the subscription prices for private and business customers on the model pages linked above. As a selected example: For private users, a subscription to the ET7 starts at 1,191.21 euros per month. The ET5 starts at 999.17 euros per month and the EL7 is at least 1,299.04 euros per month. The prices relate to a term of 36 months and already include the delivery fee and the costs for the energy package. However, the delivery time varies depending on the model and is sometimes six to eight months.

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