Chinese carmaker Nio is continuing to expand in Europe with new models, but is also ending free battery exchanges to boost profits.
Nio last week unveiled its first wagon, the ET5 Touring. It’s a wagon version of ET5a sedan roughly the size of the Tesla Model 3 was launched in 2021. The ET5 sedan was compete with the Model 3 in Nio’s home market, but the addition of a wagon body style will likely increase its appeal in Europe, where horse-drawn carriages are still popular.
In Europe, the ET5 Touring will be offered with a 75 kWh battery pack offering an estimated 270 miles of WLTP range, or a 100 kWh pack that increases range to 347 miles. Nio hasn’t discussed pricing for Europe yet, but the battery subscription service will allow customers to pay less for a vehicle by renting a battery.
Touring Nio ET5 2024
The twin-engine all-wheel drive system produces 482 hp, which Nio estimates will help the Touring accelerate from 0-100 km/h in 4.0 seconds.
The ET5 Touring has a length of 188 inches with a wheelbase of 113.7 inches. That opens up 45.9 cubic feet of cargo space when the rear 40/20/40 foldable bench seat is lowered, according to Nio—a generous amount of cargo space for a current wagon. grand.
There’s also a glazed panoramic roof that spans the length of the interior, with the option of dimming in case sunlight becomes too harsh. Like the Model 3, the panel is largely saved for the display. Most functions are controlled via the 12.8-inch touchscreen, while the second screen acts as a digital instrument cluster.
Nio EL6 2024
Nio is also bringing a new electric SUV called the EL6 to Europe. Slightly longer than the ET5 Touring, it has the same dual-motor four-wheel drive system, with an estimated 0-100 km/h time of 4.5 seconds. Nio estimates the WLTP range to be 328 miles long.
Both the ET5 Touring and EL6 are on sale in Germany, the Netherlands, Sweden and Denmark. The EL6 is available to order now—including via subscription—while deliveries of the ET5 Touring to Europe are expected to begin later this year.
Nio EL6 2024
Nio just launched a battery swap for Europe this year and is speeding upbut recently Reuters The report says the automaker will end free battery exchanges, as well as lower prices in the domestic market in response to a drop in sales. The report notes that battery swapping stations have been criticized by investors as hindering profitability.
This could be the start of the battery transition to a premium service, rather than an accompanying perk, as Nio continues focus on charging infrastructure. According to the company, customers have access to more than 400,000 third-party chargers in Europe.
