Nio Launches ET7, EL7, ET5 EV Subscription In Europe #nio
Nio announced expansion into Germany, Netherlands, Denmark, and Sweden, launching the ET7, EL7, and ET5 EV models. All three models are using Nio’s N2 platform featuring the Banyan Intelligent system, a full-stack technology suite with a computing platform, operating system, vehicle intelligent hardware, intelligent algorithms and applications. It offers support for over-the-air updates. The trio also features LiDAR, ADAM, and Nio’s supercomputer platform that will eventually offer advanced driver assistance and automatic driving functions on high-speed motorways, in urban areas, parking, and while charging. The vehicles are available through a subscription plan with prices for the ET5 starting at €999 per month while the ET7 is available from €1,199 and the EL7 is the most expensive at €1,299 ($1,264) per month in Germany. The subscription plan is all inclusive and includes fully-comprehensive insurance, servicing costs, and replacement tires. Nio will establish 120 stations across the four countries throughout 2023. It has also established partnerships with car servicing providers in all major cities of these countries.
