Factbox: Detailed prices of Nio models in 2024

CnEVPost has recorded detailed price information for each Nio model available in January 2024 in this article.
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CnEVPost has recorded detailed price information for each Nio model available in January 2024 in this article.

Factbox: Detailed prices of Nio models in 2024-CnEVPost

(Image credit: CnEVPost)

In China’s electric vehicle (EV) industry, monthly deliveries, and even weekly sales, have become closely tracked by many.

At the same time, the positioning of EV makers, or information on the selling prices of their models, is usually easily forgotten.

In this article, CnEVPost wants to show detailed pricing for Nio (NYSE: NIO) models in January 2024 in a table.

Nio allows customers to purchase vehicles that include a battery pack, and also offers a plan known as BaaS (battery as a service) to lower the barrier to purchase.

The price under the BaaS plan does not include the battery, which lowers the purchase price by at least RMB 70,000 ($9,820), but owners will need to pay RMB 980 or RMB 1,680 per month for a monthly battery lease, depending on the capacity of the battery pack.

Since it’s easy to upgrade a 70/75 kWh standard-range battery pack to a 100-kWh long-range pack, for the vast majority of people, buying a long-range Nio model won’t be necessary.

William Li, Nio’s founder, chairman, and CEO, said at the Nio Day event on December 23, 2023, that by November 2023, about 95 percent of customers chose the standard-range battery pack when purchasing a Nio vehicle, while only 5 percent chose the long-range option.

As a comparison, prior to the launch of the flexible battery upgrade program in December 2021, about 50 percent of customers chose the standard-range battery pack, with the other 50 percent opting for the long-range version.

Below is the detailed pricing information for Nio’s models currently in delivery, as produced by CnEVPost on January 2, 2024. The ET9, which has a pre-sale starting price of RMB 800,000, is not included, as its deliveries will not begin until the first quarter of 2025.

Detailed prices of Nio models in Jan 2024

Model Type Battery CLTC Range (km) Full Price (RMB) Price on BaaS BaaS Battery Monthly Fee
ET5 Sedan 75-kWh 560 298,000 228,000 980
ET5 Sedan 100-kWh 710 356,000 228,000 1,680
ET5 Touring Sedan 75-kWh 530 298,000 228,000 980
ET5 Touring Sedan 100-kWh 680 356,000 228,000 1,680
ES6 SUV 75-kWh 490 338,000 268,000 980
ES6 SUV 100-kWh 625 396,000 268,000 1,680
EC6 SUV 75-kWh 495 358,000 288,000 980
EC6 SUV 100-kWh 630 416,000 288,000 1,680
ET7 Sedan 75-kWh 530 428,000 358,000 980
ET7 Sedan 100-kWh 675 486,000 358,000 1,680
ET7 Signature Edition Sedan 100-kWh 675 506,000 378,000 1,680
ES7 SUV 75-kWh 485 438,000 368,000 980
ES7 SUV 100-kWh 620 496,000 368,000 1,680
ES7 Premiere Edition SUV 100-kWh 620 518,000 390,000 1,680
EC7 SUV 75-kWh 490 458,000 388,000 980
EC7 SUV 100-kWh 635 516,000 388,000 1,680
EC7 Premiere Edition SUV 100-kWh 635 548,000 420,000 1,680
ES8 SUV 75-kWh 465 498,000 428,000 980
ES8 SUV 100-kWh 605 556,000 428,000 1,680
ES8 Executive Edition SUV 75-kWh 465 518,000 448,000 980
ES8 Executive Edition SUV 100-kWh 605 576,000 448,000 1,680
ES8 Signature Edition SUV 100-kWh 565 598,000 470,000 1,680

Prices in the table are in RMB, with the current exchange rate being 1 US dollar equals 7.1247 RMB.

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