Nio Et5. The ET5 will be available with a choice of three batteries. Nio ET5 revealed as rival to the Tesla Model 3.
The ET5 is priced at RMB 328000 before subsidies and RMB 258000 with BaaS Battery-as-a-Service. In terms of power the ET5 will use a second-generation electric drive system like the flagship sedan ET7. It starts at RMB 328000 about 51450 or well under the roughly 70000 of the ET7 but offers similarly grandiose range.
A Weibo blogger has spotted the suspected NIO ET5 at the NIO factory location in Anhui China.
Nios soon-to-arrive ET7 is practically tailor-made to challenge Teslas Model S and now the company appears to have a partial answer to the Model 3. Of course the advanced hardware and systems on the existing ET7 are also expected to retain in the upcoming. Nios first EV was the seven-seat ES8 SUV which launched in select countries in Europe recently and has been met with good reviews. It is expected to be a medium-sized sedan.