Nio Norway launches Nio ET5 and Nio EL7 online configurators

Only last month Nio Norway launched the online configurator for its flagship sedan, the ET7, and now both the ET5 and EL7 are available for configuration and orders online. The service reveals all the pricing and all available options.

Nio ET5 starts at just over €49,120 at current exchange rates ($48,550) - that price includes the 75kWh battery pack ownership, the shipping from China, delivery and all administration costs. Opting for the 100 kWh battery puts the price up to €55,800 or just over $55,000.

Nio also offers the BaaS - Battery as a Service - and customers can choose to rent rather than buy the battery. Doing so for the lowers the purchase price to €40,440/$39,825. Monthly battery rentals are set at €135 for the 75kWh pack and €193 for the 100kWh battery and come with 6 monthly battery swaps included in the price of rental.

The EL7 SUV starts in Norway at €69,400 for the 75 kWh model with all the delivery and administration costs included. The 100 kWh model starts at €76,160 or nearly $75,000. Just as with the ET5, taking the battery rental option brings the price down for both the cars to just over €60,000 or nearly $60,000. The battery rentals are the same as for the ET5 - €135 for the 75kWh pack and €193 for the 100kWh pack.

Ordering Nio ET5 right now guarantees its delivery in March next year, while the EL7 delivery is quoted as 4 months which technically means February 2023, but the company wouldn’t commit to be so specific.

The Nio ET7 has been available for order online since beginning of this month, the prices remain at the same level - €65,500 for the 75kWh and €72,250 for the 100kWh model. Ticking the battery rental option box drops the price to €56,800 and battery rentals are identical to the ones for ET5 and EL7 - €135 for the smaller pack and €193 for the long-range battery.

Does the battery rental option work? The rental comes with 6 battery swaps or re-charges included every month. Depending on local electricity prices and how much you actually drive, it may save some money.

Those prices do look attractive, but we need to remember that Norway has a lot of financial incentives for EVs and there is no VAT on electric cars - European prices will be at least 20% higher. From next year Norway is amending its friendly tax approach to the EVs and brings the VAT back but only for the part of the price that exceeds €48,240 which will bring the prices of Nio cars up by around €6,000 for the most expensive EL7.

Via