Most recently, NIO will raise the starting price of all ET7 variants by RMB 10,000 ($1,470) on May 23. This price increase was caused by an increase in the price of raw materials.
Customers who paid a deposit for ET7 on and before May 22 will not be affected by this price increase. The price of the NIO ET7 after adjustment is RMB 458,000 for the regular version and RMB 536,000 for the pioneer version.
Dozens of electric vehicle companies such as Tesla, Lucid, XPng Motors have raised their prices since March 2022.
The previous NIO production was also hampered by the shanghai lockdown due to the spike in Covid-19 cases