Chinese manufacturer NIO entered the European market in 2021 with the launch of the ES8 in Norway. The first battery replacement station was inaugurated in Oslo in October 2021.
Now, NIO wants to be present this year in Germany, Sweden, Denmark and the Netherlands. ES8 and ET7 models will be available in these countries, as well as NIO Power Swap 2.0 stations.
Norway has been chosen as the primary market because it is practically a test site for electric mobility. Because NIO uses the battery replacement system, it is natural for Sweden to be on the list of the Chinese company, being next to Norway.
Denmark has motorways connecting Sweden as well as Germany, which will certainly be the largest NIO market in Europe.
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German drivers who want to go to Norway or Norwegian customers who want to drive south will need seats along the route where they can replace their battery with one that is fully charged.
After entering these markets, NIO could expand to Belgium, France, the United Kingdom, Spain and Portugal starting in 2023.
NIO is one of the hottest electric car companies right now, being considered as popular in China as Tesla in the United States.
How much does NIO ES8 cost?
The NIO ES8 with the standard 75 kWh battery costs from 61,000 euros, offering a range of 375 km in the WLTP cycle. An extended range version is also available for 68,000 euros. It has a 100 kWh battery and can run up to 500 kilometers on a full battery.
The brand currently has five models in the range: ES8, ET7, ES6, EC6 and ET5.
NIO customers can also opt for a car without a battery, and will rent the batteries on a monthly subscription under the Battery as a Service (BaaS) program. The rate in this case is 140 euros per month for the standard battery or 200 euros per month for the increased capacity battery. Renting the battery reduces the price of the car by 9,000 euros, respectively 16,000 euros. All of these are prices converted from Norwegian kroner and, needless to say, cars are significantly more expensive in Norway than in other parts of Europe.
NIO has distinguished itself by its own system of interchangeable batteries. Replacing the used battery with a charged one takes a few minutes and is completely automated. NIO managed to impress in the EuroNCAP tests, where the ES8 model obtained the maximum rating (five stars), but also a remarkable score in terms of Safety Assist (92%).