Written by Cláudio Afonso | info@claudio-afonso.com
According to the photos leaked on Weibo, the first NIO ET7 Model rolled off the production at the Heifei factory, in Anhui province. “Hefei vehicle trial production center was completed, and the first vehicle ceremony was held” — can be read on the image below. The company will start NIO ET7 deliveries on March 28th.
The Chinese electric vehicle maker started ET7 Model test drives on March 5th. During the first 48 hours, hundreds of customers had the opportunity to test the sedan unveiled in December 2020 that is finally starting its deliveries later on March 28th.
READ MORE: NIO: next catalysts and why I am Bullish for the upcoming months (by C. Afonso)
With the 150 kWh battery, ET7 has an extra-long NEDC range of over 1,000 km and features motors at the front and rear with a combined output of 643 horsepower and 627 pound-feet of torque. The sedan accelerates to 62 mph in 3.9 seconds. Starting at around $69,000 (448,000 yuan) before Chinese subsidies for the 70.0-kWh option, the ET7 is targeting the same public as Tesla Model S. That said, the price drops to around $58,000 if the buyer opts for Nio’s Battery as a Service (BaaS) subscription, which allows drivers to swap their batteries at Nio Power Swap stations in China for a fee of around $150 a month.
The ES8 owner @SYSMAX was among the early testers and shared some Pros and Cons after nearly one hour testing the model: “I am lucky to be the first scheduled owner to test drive ET7. After nearly an hour of test drive and ride, let’s also talk about some of my real feelings.” Check his thoughts here.
On February 8th, many ET7 were seen being delivered to Nio’s showrooms in Chinaahead of the deliveries starting on March 28th. The photo below were shared by Weibo user and show the model being transported to the Nio Store located in Jiangyin, China.
Ealier this week, a NIO ES8 Model with NAD System was spotted on a highway in France (with a German plate). NIO announced the system in January 2021 during the unveiling of NIO ET7 Model, the first one using this technology. On January 16th, the same model was also seen in Braunschweig, 550km from Munich with a very similar plate (M DU 429E vs M DU 425 E) — check it here. NIO will enter 4 new European Markets this year such as Germany, Denmark, Sweden and The Netherlands. During the last NIO Day, the company revealed that will be present in 25 Countries by 2025.
The company said that it will report its fourth quarter and full year 2021 unaudited financial results on Thursday, March 24, 2022, after the close of the U.S. markets. The Company’s management will host an earnings conference call at 9:00 PM U.S. Eastern Time on March 24, 2022 (9:00 AM Beijing/Hong Kong Time on March 25, 2022). A live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.nio.com/news-events/events.
NIO announced on March 1st that delivered 6,131 vehicles during last month. February deliveries are often affected by the Chinese Spring Festival Hollidays where the factories usually close from January 31st to February 6th.
Written by Cláudio Afonso | info@claudio-afonso.com