On November 22nd, in order to meet the needs of European users, NIO launched the buyout sales model in Europe. From now on, European users can freely choose to purchase or lease a NIO vehicle, including the ET7/EL7/ET5 models.
At the same time, NIO also announced the buyout prices and BaaS service prices for the three models:
ET7 (standard with 20-inch wheels, towing package, NOMI, Moon package, illuminated orange brake calipers)
- 75-degree version €81,900, approximately RMB 601,000;
- 100-degree version €90,900, approximately RMB 667,000;
EL7 (standard with 20-inch multi-spoke matte alloy wheels, towing package, NOMI, Moon package, illuminated orange brake calipers)
- 75-degree version €85,900, approximately RMB 630,000;
- 100-degree version €94,900, approximately RMB 697,000;
ET5 (standard with 19-inch multi-spoke silver wheels, towing package, NOMI, Moon package)
- 75-degree version €61,900, approximately RMB 454,000;
- 100-degree version €70,900, approximately RMB 520,000;
BaaS
- ET7 starting at €69,900, approximately RMB 513,000;
- EL7 starting at €73,900, approximately RMB 542,000;
- ET5 starting at €49,900, approximately RMB 366,000;
- 75-degree battery rental fee of €169 per month, approximately RMB 1,200;
- 100-degree battery rental fee of €289 per month, approximately RMB 2,100.
All prices do not include €950.According to NIO’s Q2 2021 earnings report, the cost of transporting vehicles to Europe has been included in the vehicle cost, and all three second-generation NIO models sold in Europe only come with a five-year warranty period. Additionally, free battery replacement is not available except for battery-as-a-service (BaaS) users who are entitled to two free battery swaps per month at NIO’s Power Swap stations. This is a significant reduction in benefits compared to the ten-year warranty and four free battery replacement services offered in the domestic market.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.