On October 8, NIO announced that it will enter the markets of Germany, the Netherlands, Denmark, and Sweden with a “subscription model”, offering three models: ET7, EL7 (ES7), and ET5. The vehicle subscription period Ranges from 1 month to 60 months. This plan has been interpreted by the industry as a sales model of “rent only, not sell”.
Due to the strong willingness of European users to buy out, Weilai announced today the purchase price of the three models of ET7 / EL7 / ET5 in the German market, and the delivery will begin in early 2023.
ET7
- The 75-degree version is 81,900 euros, about 601,000 RMB;
- The 100-degree version is 90,900 euros, about 667,000 RMB;
EL7 (ES7)
- The 75-degree version is 85,900 euros, about 630,000 RMB;
- The 100-degree version is 94,900 euros, about 697,000 RMB;
ET5
- The 75-degree version is 61,900 euros, about 454,000 RMB;
- The 100-degree version is 70,900 euros, about 520,000 RMB;
BaaS
- The starting price of ET7 is 69,900 Euros, about 513,000 RMB;
- The starting price of EL7 is 73,900 Euros, about 542,000 RMB;
- The starting price of ET5 is 49,900 Euros, about 366,000 RMB;
- 75-degree battery rental is 169 Euros/month, about 1,200 RMB;
- 100-degree battery rental is 289 Euros/month, about 2100 RMB.
Depending on the length of the subscription, European users can choose to rent a Weilai ET7 with a 75 gigawatt-hour battery pack at a price of 1,199 to 1,295 euros (about 8,801 to 9,505 RMB) per month. For EL7 (ES7) and ET5 cars, the minimum subscription period is one month.
Nio has previously allowed customers to rent batteries instead of buying them. Batteries are by far the most expensive component on an electric car. At the same time, instead of charging the car at home, NIO owners can drive the car to a battery replacement station and replace it with a new battery pack within minutes to save time.
