Nio plans to launch one other sedan after the ET7, a smaller automotive that may very well be moderately priced to promote in bigger numbers. The Nio sedan is prone to compete with world mid-range electrical automobiles just like the Tesla Mannequin 3 and the rumored Audi A4 e-tron, which is slated to hit the market in 2024. The BMW 3 Sequence Electrical is one other challenger set to hit the market in 2022.
Li confirmed in the course of the November 2020 third quarter convention name that the corporate will launch two sedans in a row and that it’s going to produce these automobiles on the NP 2.0 platform. Li stated the 2 sedans would full Nio’s portfolio and that there can be no bigger fashions than the ES8. He additionally said that in relation to deciding on segments, the corporate doesn’t need to serve the “wealthy market”, suggesting that each launches can be cheaper than the ES8.
It was lately introduced that Nio is creating the brand new mannequin, code-named “Nio Gemini”, with an annual manufacturing goal of 60,000 models. When the code title and annual manufacturing goal leaked by way of media experiences, it was speculated that Gemini can be a mass market mannequin. Ma Lin, Senior Director of Company Communications, Nio, has confirmed that the Nio Gemini shouldn’t be a low-end product in line with a. is CnEVPost Report.
The mid-range sedan Nio Gemini can be a luxurious mannequin with a surcharge in comparison with comparable provides from mainstream manufacturers. Nevertheless, the value can be considerably decrease than that of the Nio ET7, which prices 448,000 CNY / 57,533 euros from pre-production. German luxurious manufacturers are additionally creating luxury-class electrical sedans such because the Audi A6 e-tron, the BMW 5 Sequence Electrical (BMW i5) and the Mercedes EQE, which Nio would observe carefully.
Nio is engaged on an LFP battery, and due to the decrease price and longer life advantages it provides over an NMC battery, it can probably be tied to the Gemini. In keeping with a report by Yuguancheshi, Nio has signed a contract with CATL for an LFP battery manufacturing line. Tesla is already providing this chemistry in Mannequin 3 in China, and under is what William Bin Li, Founder, Chairman and CEO of Nio, thinks:
After all, there are some inherent benefits of the LFP battery. An important issue is price. However there are additionally some weaknesses and shortcomings with this know-how or type issue. For instance, the efficiency of the battery pack at low temperatures. This can considerably have an effect on the consumer expertise, particularly in winter. If we will remedy the low temperature efficiency bottleneck, I feel it ought to be the correct time and selection for us to make use of LFP batteries and type elements.
William Bin Li, Founder, Chairman and CEO, Nio (Nio Q1 2021 earnings convention name)
Additional updates are anticipated throughout Nio Day 2021
Nio has began deciding on the town for the Nio Day 2021 occasion, as reported in Chinese language media this month. The subsequent Nio Day occasion is predicted between December 1, 2021 and January 15, 2022, when the corporate can reveal particulars concerning the battery and different points of its smaller providing.
Nio is formidable to turn out to be a world model, in line with one other report from report CnEVPost. At an occasion in Beijing in December 2020, Bin Li stated that the corporate not solely desires to attain market success in China over the subsequent ten years, but additionally desires to determine itself worldwide within the good electrical automobile phase. The corporate will launch the ES8 SUV in Europe in September 2021, with the ET7 to observe in 2022.
On the Nio ET7
The ET7 can drive over 500 km with a 70 kWh battery or over 700 km with a 100 kWh battery. On the finish of 2022, Nio desires to deliver a 150 kWh solid-state battery onto the market, which ought to allow a spread of over 1,000 km within the ET7.
The ET7 has a 180 kW PMSM that drives the entrance wheels and a 300 kW induction motor that drives the rear wheels. With a complete output of 480 kW and a complete torque of 850 Nm, it accelerates from 0 to 100 km / h in 3.9 seconds. The flagship sedan has a low drag coefficient of 0.23 cw. In keeping with one other report by CnEVPost, the annual gross sales goal for the ET7 in 2022 is 50,000 automobiles.
Chosen picture: ET7 patent through CNIPA