By Claudio Afonso | LinkedIn | ×
Nio announced on Friday that it is offering 0.00% financing on ET5 models in Germany. The offer is valid on in-stock vehicles and applies to “selected configurations only,” the company said on its website.
The electric car maker registered 32 units in the country last month, taking its total to 234 in the first half of the year.
The standard range version of Nio’s cheaper sedan, the ET5, has a 75kWh battery and is currently available in the German market from 528 euros per month.
This includes a Battery-as-a-Service (BaaS) subscription, which allows Nio drivers to swap their car’s battery for a new one in three to four minutes at any battery swap station across Europe.
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“Attractive monthly finance rates, including Battery-as-a-Service, are available for select configurations (Stratosphere Blue exterior and Sand interior), and we are happy to provide non-binding advice on all finance options,” the company said on its official website.
According to the websites of the other four European markets (Sweden, Norway, Netherlands and Denmark), Germany is the only one offering 0.00% financing.
The Norwegian website also mentions that there are special conditions to get the Nio ET5 from stock until the end of September, although it doesn’t mention the specific terms.
“The NIO ET5 is in stock and available for fast delivery at a great price. Contact us for a great offer. The offer ends on September 30, 2024,” the Norwegian market website states.
The company announced last week that it was releasing version 2.3.5 of its homegrown operating system, Banyan, in Europe, with the new version boasting 50 improvements, according to social media posts.
On LinkedIn, the company highlighted its one-pedal driving feature, which is now available on all five models sold in European markets except for the recently launched Nio EL8 (known as the Nio ES8 in China).
While official plans for entering new markets are still unclear, NIO has been hinting at expanding into new countries and even continents in recent months.
In the longer term, the group aims to sell EVs across the UAE region later this year, as well as in France, Italy, Spain, Portugal, Greece, the Balkans and Latin America.
By Claudio Afonso | LinkedIn | ×
