According to the head of the company, the new NIO ET5 sedan will be available to its first customers on September 30, and orders will begin on September 9.
The electric vehicle is currently being produced at the NeoPark plant, which has a planned production capacity of 300,000 units per year.
NIO co-founder and president Qin Lihong expects sales of the ET5 to surpass those of the petrol-powered BMW 3 Series in China within a year. The BMW 3 Series is one of the most popular premium sedans in China, with 14,764 units sold in July, up 21.2% from a year earlier, according to the CPCA.
NIO ET5 monthly sales are expected to reach at least 15,000 units within a year. The electric car will be produced at the company's second plant at NeoPark in Hefei, and the company says the model's production capacity will grow faster than other models.
Performance improvements for the production ET5 compared to those announced at its launch late last year were also revealed, stating that the model's 0-100 km/h acceleration time improved from 4.3 seconds to 4 seconds, the time tested under half load conditions, and without passengers, the acceleration time can reach 3.7 seconds.
In terms of range, the production version of the model will also be improved, with a CLTC range of 560 km for the model equipped with the standard 75 kWh battery, up from the previously announced 550 km. For the 100kWh long-range package, that figure is 710km, the company previously said “over 700km.”
The NIO ET5 will also be available with a towbar option with a maximum towing weight of 1.4 tons and power support, just like the ES7, but it will not be available for initial deliveries. Deliveries of models with tow hooks will begin in December and the option cannot be installed after delivery.