Written by Cláudio Afonso | LinkedIn | X
Electric vehicle maker Nio has officially launched in Israel through a partnership with Delek Motors, one of the country’s largest vehicle distributors, sources told EV on Monday.
In September, Delek Motors, which was appointed to establish a dedicated sales team for Nio in the country, began hiring a store manager for the first Nio showroom.
The first store, or Nio House as they are known, is located in Herzliya, a city within the Tel Aviv metropolitan area, and opened its doors last week showcasing five models from the Nio brand.
Nio is introducing a range of vehicles to the Israeli market, including two sedans, the ET5 and ET7, and three SUVs: the EL6, EL7, and the first-generation ES8, Nio’s inaugural production model from 2018.
The first-generation ES8, which recently saw an updated version released in China and Europe, starts at 465,000 ILS ($124,400) in Israel.
The premium ET7 sedan is priced at 499,000 ILS ($133,020), while the entry-level ET5 sedan starts at 344,000 ILS ($91,700).
Earlier today, Nio’s Associate Vice President for Brand and Communications, Ma Lin, responded to Reuters’ report on the company’s potential expansion into hybrid vehicles by reiterating the company’s commitment to battery swap technology.
In a post on the social media platform Weibo, Ma Lin framed the battery swap technology as essential to Nio’s EV strategy, likening them to gas stations for electric vehicles.
Earlier today, Reuters reported the company was planning to launch a range-extended hybrid model in 2026, becoming the first non-BEV since in ten years of existance.
Citing two people with knowledge of the matter, Reuters added that the model would only be sold in international markets, including the Middle East, North Africa and Europe.
Written by Cláudio Afonso | LinkedIn | X
