Nio is entering the European market with its ET7 sedan and has released the first details regarding its launch in Germany.
The Nio ET7 is set to hit the German market in 2022 and in a press release, the automaker confirmed that deliveries should begin in the fourth quarter of the year. Nio is so confident in local demand for the ET7 that it will consider establishing a factory in Europe for the car and is also open to the idea of working with local OEMs to explore the possibility of joint production.
“Entering Germany is the objective that we’re striving for,” Nio founder and chief executive William Li said. “Our target is to have ET7 in Germany by the end of 2022.”
Read More: NIO Unveils Its First Electric Sedan, The ET7
In addition to getting ready to launch the ET7 in Europe, the Chinese electric vehicle start-up has started to recruit local talent and appointed Alex Schwarz as its European chief executive. Schwarz has previous experience at Airbnb, PayPal, and eBay.
Nio has not yet announced German pricing for the ET7. It will be the second model sold by the automaker in Europe after deliveries of the ES8 SUV recently commenced in Norway.
Chinese customers can order the Nio ET7 with one of three available battery packs. These start with a 70 kWh pack providing over 328 miles (500 km) of range, a 100 kWh pack with 435 miles (700 km) of range, and a 150 kWh pack with a claimed 621 miles (1,000 km) of range. It features two electric motors, one at each axle, for a combined output of 644 hp ( 653 PS / 480 kW) and 627 lb-ft (850Nm) of torque, and it accelerates from 0-62 mph (0-100 km/h) in 3.9 seconds.
