New Delhi. The popularity and demand for electric vehicles is increasing rapidly around the world. Due to this, many electric vehicle companies along with big vehicle manufacturers are also introducing new electric vehicles in the market. Now a new name has been added to this list of electric vehicles. Chinese electric vehicle company Nio has introduced its new all-electric sedan. The company has introduced it under the name of Nio ET5.
Will give competition to Tesla
With the launch of ET5, Nio has made preparations to compete with the American electric car maker Tesla. The ET5 will compete with Tesla’s Model 3. On the other hand, Nio’s expensive electric sedan ET7, which is already present in the market, will compete with Tesla’s Model S.
How much will be the price to pay?
At the annual Nio Day event held in Suzhou, China, the company introduced its electric sedan car ET5, whose starting price before government subsidy will be 3,28,000 Chinese Yuan ($51,450) i.e. around Rs 39,08,500 if the leased battery variant. If we do, then its starting price will be 2,58,000 ($ 40,450) Chinese Yuan i.e. around 30,74,000 rupees.
When will it be available in the market?
The company has not kept any suspense on the availability of its new electric sedan to buy in the market. Giving information, the company has said that from September next year, ET5 will be available for purchase in the Chinese market. However, the company has not yet given any information about the India and global launch of this all-electric sedan. But while giving information, the company has said that they plan to start their service in 25 countries by 2025.
Will get a great range of 550 km
Giving information, the company said that their new all-electric sedan ET5 will give a great range of 550 km in single charging.
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