NIO, the Chinese electric vehicle manufacturer, has announced the official launch of the ET5 Touring on June 15. Following the launch event, deliveries of the new model will commence. The launch event, set to take place at 19:00 Beijing time on June 15, will be a multi-country affair, spanning six countries.
According to the NIO App release, the ET5 Touring will be available to consumers in China, as well as in Norway, Sweden, Denmark, the Netherlands, and Germany. Pre-orders for the ET5 Touring are now being accepted from Chinese consumers, although detailed specifications and pricing information have yet to be announced.
Market analysts from Deutsche Bank have estimated that the ET5 Touring will be priced between RMB 335,000 ($47,000) and RMB 345,000, slightly higher than the regular ET5 model, which is priced at RMB 328,000. Customers who place a pre-order for the ET5 Touring will be required to pay RMB 5,000 and will receive 10,000 NIO Credits, equivalent to RMB 1,000, upon finalizing their orders. It is important to note that this offer will only be available until the ET5 Touring officially allows consumers to lock in their orders.
NIO has announced that deliveries of the ET5 Touring will begin in China on June 16, in line with the order lock-in schedule of customers. Show cars and vehicles for test drives have recently arrived at NIO stores, with test drives scheduled to be available on June 15.
In addition, NIO revealed plans to launch the ET5 Touring globally in June, starting with the Chinese market. During an analyst call, William Li, the founder, chairman, and CEO of NIO, expressed that the ET5 Touring will cater to the diverse needs of individual and family users, strengthening the company’s position in the high-end family car market.
Excitingly, the production team of British automotive media Top Gear will be participating in the ET5 Touring launch event, as shared by the NIO App. This collaboration further underscores the significance of this new model for NIO.
With the ET5 Touring, NIO aims to expand its reach and meet the demands of discerning consumers, positioning itself as a formidable competitor in the high-end family car segment.
