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NIO official blog announced that the entry-level product ET5 will be released soon.

2024-09-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)12/14 Report--

On the morning of December 14, the official Weibo of Xilai announced that it would unveil a new model on NIODay on the 18th, but did not disclose the details of the new model, and the video only showed a picture of a suspected through taillight. According to the speech made by Li Bin, CEO of NIO Automobile, and the recent road test photos released by netizens, this model is likely to be the second electric car, ET5.

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As a medium-sized car, the ET5 is positioned lower than the flagship ET7. And ET7 has started pre-sale, the pre-sale price range of 448000 yuan to 526000 yuan, according to the plan to start delivery early next year.

In a conference call on the third quarter of NIO 2021 in November, CEO Li Bin said that Lulai will deliver three new models based on NT2.0 technology platform, including ET7, in 2022, and that three NT2.0 models will have point-to-point self-driving capabilities. According to NIO's plan, there will be three models this year, in addition to the ET5 and ET7 and a rumored ES7,ET7 will be delivered in the first quarter of 2022, and the ET5 and ES7 will be delivered in the third and fourth quarters. NIO is faced with whether to add a high-volume model or lengthen the product line horizontally, the realistic choice will be more inclined to ET5. Xilai has previously indicated that it will not do less than 300000 of the market, and expects the starting price of the ET5 to be slightly higher than 300000, and to fill the gap under the ET7 market, combined with the BAAS battery rental scheme, the delivery price may be around 280000. In any case, the price drop will bring a volume boost to Ulai, and the ET5 has become an entry-level model for the current NIO, such as the BMW 3-Series. Previously, its founder, Li Bin, was proud of its average price of 437000. Recently, there was news that it planned to launch another new brand for the lower-priced mass market, called "Gemini" in English and "Gemini" in Chinese. Details of this plan are not yet available, and the ET5 is part of the price drop.

In October, Xilai saw a strange drop in sales, delivering just 3667 vehicles, down 6961 from 10628 in September, or 65 per cent less. Qin Lihong, co-founder and president of NIO, explained that due to the reconstruction and upgrading of the factory, fewer cars were built, so fewer cars were delivered. The reason for the transformation of the existing production plant is mainly to cope with the production of follow-up models such as the ET7.

According to the previous plan, a new model will be produced in the Xinqiao Industrial Park in Hefei. As mentioned above, the ET5 may be the first offline model after the completion of the industrial park. According to a report released by Hefei, a local official account in Hefei, Yu Aihua, secretary of the Hefei Municipal CPC Committee, went to the NIO Industrial Park for research on June 25. According to the press release issued at that time, Li Bin introduced that the project was planned to be completed in March and September. The new car NIO here obviously refers to the model ET5 to be released by this NIO Day. The above information indicates that it will officially go into production in September 2022, so delivery will not begin until at least the end of 2022.

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Over the past month, ET5's road test spy photos have been constantly exposed on the Internet. According to these photos, it is estimated that the length of the car or between the 4800mm-4900mm, wheelbase or between the 2800mm-2900mm will be a cross-border car between the car and the SUV. Specific information will be officially announced in the next few days.

According to the ET7, the power data of the ET5 may be similar to the second generation electric drive system, which is composed of the permanent magnet synchronous motor of the front axle 180kW and the asynchronous induction motor of the rear axle 300kW. The integrated power of the system is 480kW, the peak torque is 850N ·m, and the 0-100km/h acceleration time is 3.9s.

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In the first two quarters of this year, Xilai led Xiaopeng's 13300 and 17400 cars and ideal cars' 12600 and 17600 vehicles with sales of 20100 and 21900 vehicles. Sales in the last month showed that Xiaopeng delivered 15613 vehicles in November, ranking first among new forces for two months in a row. Ideal car sales were 13485, an increase of 190.24% over the same period last year, while Xilai became the third place. November sales were 10878.

Although it will target different people and habitually group them into the same camp, this number will also reflect the change in its landscape in the market, which is the challenge of ET5 and more entry-level products.

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