According to a user from the Chinese Social Network, Weibo, NIO has already the insurance needed for the ET7 Model to start circulating on the road. During the Q3 Earnings Conference Call, CEO William Li said NIO plans to have the ET7 available in showrooms by Chinese New Year, which arrives on January 31th.
The pictures show us two different tables with details about the ET7 Model such as Starting period of traffic insurance, Nature of Use, Date of first registration, Type of insurance, Vehicle damage insurance, Third party premium insurance, Roadside Assistance Service Terms and Conditions, Commercial insurance discount rate, Traffic insurance discount rate, Displacement / Power and License plate number.
On the table below, you can check the most relevant informations from both tables:
| Model Code | WLD1068AH |
| Starting period of traffic insurance | 2022-01.12 |
| Date of first registration | 2022-01.11 |
| Third Age Premium Insurance | RMB 3.000.000,00 |
| The right to contract for the right to use the road | Number of services: 7 times |
| Official name of the model | Yakulai HFC7002CSEV1-W Electric bridge Vehicle |
| Import domestic logo | Domestic |
| Manufacturer | An Yuan Che Coke Sub Co. |
| New car purchase price | RMB 448,000.00 |
| PARSHE/M | 2349 |
| Model Series | ET7 |
| Year on the Market | 2022 |
| Production | In Production |
Last week, the sedan launched by the Chinese EV during NIO Day in Early 2021, was spotted in China. Nio will start taking confirmed orders of the ET7 on January 20th and start customer deliveries on March 28th – 75 days from now. European Markets will receive it later this year bringing the new ET7 Model to Norway, Denmark, Germany, Sweden and the Netherlands during Q3-Q4.
Starting at around $69,000 for the 70.0-kWh option, the ET7 and the Model S will battle for the same buyers. 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 ET7 features motors at front and rear with a combined output of 643 horsepower and 627 pound-feet of torque. The sedan is claimed to accelerate to 62 mph in 3.9 seconds.
In China, Nio will sell the ET7 in seven different colour options: Cloud White, Deep Space Black, Star Grey, Li Kongyin, South Pole Star Blue, Xiaguang Orange, and Aurora Green.