Smart electric vehicle company NIO expects to make first deliveries of its ET7 in October after it unveiled details of expansion into German, Dutch, Danish, and Swedish markets at its European launch event in Berlin.
This expansion follows its entry into the Norwegian market last year. The company announced that the ET7, its high-performance flagship sedan, is available to order now in Germany, the Netherlands, Denmark, and Sweden with deliveries due to start on October 16th. It also confirmed that pre-orders for its EL7, a mid-large smart electric SUV, and the ET5, its mid-size smart electric sedan, are open now, with deliveries set to start in January and March 2023, respectively.
The three NIO models for Europe are derived from the NT2 platform, offering 0-100 km/h in four seconds and a 100 km to zero stopping distance of 34 meters. The company’s CSU (Chargeable, Swappable, Upgradeable) architecture enables both charging and swapping of batteries with the ongoing opportunity to benefit from the latest battery technology or flexibility to upgrade the battery capacity, it said.
All three models are equipped with the Banyan intelligent system. This full-stack technology comprises the vehicle computing platform, operating system, vehicle intelligent hardware, intelligent algorithms and applications, the company said. With the help of intelligent hardware such as Aquila, the company’s super-sensing system comprising LiDAR, ADAM and supercomputer platform, will ultimately be able to offer advanced safety assistance and automatic driving in scenarios such as high-speed carriageways, urban areas, parking, and charging environments.
The company’s new subscription model is now open for users in Germany, the Netherlands, Denmark and Sweden. With terms starting from just one month to 60 months, users will be able to choose the vehicle that best suits their needs. The subscription service offers comprehensive insurance, maintenance, winter tires, a courtesy car and battery swapping, as well as the flexibility to upgrade battery services.
In 2022, the company plans to build 20 Power Swap Stations (PSS) in Europe. In 2023, this number is expected to reach 120.
“Serving users in Germany, the Netherlands, Denmark and Sweden is an important step in realizing NIO’s 2025 plan,” said founder, chairman and CEO William Li. “Our commitment to the region marks the start of NIO’s next chapter in our global development.”