Chinese language automaker Nio is continuous its European enlargement with new fashions, but in addition ending free battery swapping in a bid to extend profitability.

Nio final week unveiled its first wagon, the ET5 Touring. It is a wagon model of the ET5, a sedan shut in measurement to the Tesla Mannequin 3 that was unveiled in 2021. The ET5 sedan already competes towards the Mannequin 3 in Nio’s house market, however the addition of a wagon physique fashion will possible improve attraction in Europe, the place wagons stay well-liked.

In Europe, the ET5 Touring can be provided with a 75-kwh battery pack offering an estimated 270 miles of WLTP vary, or a 100-kwh pack that reinforces vary to 347 miles. Nio hasn’t mentioned pricing for Europe, however a battery subscription service will permit prospects to pay much less for a car by leasing the battery.

2024 Nio ET5 Touring

A dual-motor all-wheel drive powertrain generates 482 hp, which Nio estimates will get the Touring from 0-62 mph in 4.0 seconds.

The ET5 Touring measures 188 inches lengthy with a 113.7-inch wheelbase. That opens up 45.9 cubic ft of space for storing when the rear 40/20/40 split-folding bench seat is down, in keeping with Nio—a beneficiant quantity of cargo house for a contemporary wagon.

A panoramic glass roof roughly spanning the size of the inside is included as properly, with a dimming possibility in case daylight turns into too harsh. Just like the Mannequin 3, the dashboard is basically naked save for screens. Most features are managed by way of a 12.8-inch touchscreen, whereas a second display screen acts as a digital instrument cluster.

2024 Nio EL6

Nio can be bringing a brand new electrical SUV referred to as the EL6 to Europe. Barely longer than the ET5 Touring, it has the identical dual-motor all-wheel drive powertrain, with an estimated 0-62 mph time of 4.5 seconds. Nio estimates a 328-mile WLTP vary.

Each the ET5 Touring and EL6 are being bought in Germany, the Netherlands, Sweden, and Denmark. The EL6 is at present accessible to order—together with by way of subscription—whereas ET5 Touring deliveries for the European market are scheduled to start out later within the yr.

2024 Nio EL6

Nio has simply been rolling out battery swapping to Europe this yr and is dashing it up, however a latest Reuters report mentioned the automaker will finish free battery swapping, in addition to lower costs in its house market in response to a gross sales slide. The report famous that the battery-swapping stations have been criticized by traders as a drag on profitability.

This can be the beginning of a shift for battery swapping towards a premium service, quite than an included perk, as Nio continues to deal with charging infrastructure. Prospects have entry to greater than 400,000 third-party chargers in Europe, in keeping with the corporate.