Industry dynamics

Nio offers short-term car rental for Chinese owners on European trips

Publishtime:1970-01-01 08:00:00 Views:13

The service will begin a trial run on July 1, with available vehicles being the ET7 and EL7 and a minimum order length of seven days.

The Chinese electric vehicle (EV) maker launched the ET7, ET5 and EL7 in Europe at the Nio Berlin 2022 event on October 7, 2022. The EL7 is known as the ES7 in China and is using that new name in Europe because of the lawsuit with Audi.

ET7 deliveries in Europe started in October 2022 and EL7 deliveries there started on January 31 of this year.

Owners wishing to use Nio's service must place an order 14 days in advance, with a minimum order length of seven days, at a price of 700 euros ($760) per week. Any use of the car beyond 7 days will be calculated at 100 euros per day.

The benefits provided by Nio for consumers of the service include battery swap service free of charge, free Nio House drinks, and 7*24 hours Chinese service.

Nio Houses are Nio's flagship showrooms, which function as a space to display and sell vehicles while providing a quality lifestyle for Nio owners. The company's showrooms also include the much smaller Nio Spaces.

Nio currently has six Nio Houses in Europe, located in Oslo and Kristiansand, Norway; Berlin, Frankfurt and Dusseldorf, Germany; and Rotterdam, the Netherlands.

Nio plans to start supporting the use of Nio Credits within its Chinese mobile app for Nio Houses overseas at the end of July, it said.

($1 = €0.9167)

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