In other words, all the factors needed to secure relevance given the current trajectory of the modern automobile. NIO also has a Formula E racing team.
Adding to the importance of the ET5, is its front-line position in the European expansion of NIO. According to a Reuters report earlier this year, Norway became the first country in the world where electric vehicle sales eclipsed those of petrol, diesel and hybrid models in 2021. Appropriately, this is where NIO will make its debut, before entering Germany, Netherlands, Sweden and Denmark.The company confirms that it has plans to set up operations in over 25 countries around the world.
Shrewdly, NIO partnered up with industry players in the Chinese market to form a battery asset management company, which is purported to have a role in reducing the purchase price of its vehicles. In Chinese Yuan, the ET5 is listed at RMB 328,000 which works out to R814,446.74 at the current exchange rate.
A single, shadowy teaser shot of the interior was offered, with NIO claiming that the model features sustainable, recyclable materials. The 256-colour ambient lighting system seems a tad excessive, though.The model promises to push the envelope in terms of display technology, with a digital cockpit incorporating virtual and augmented reality elements — which will include a pair of goggles that can project a screen size of 201 inches.
Source: Car News Wire (carnewswire.net)
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