2024 "Chinese Electric Cars: Sales Figures and Market Penetration in Europe"

 Unlike in China, for the European market, Nio applies a policy of both selling and leasing batteries. If you choose to buy a car in Germany, the EL7 SUV will cost 97,900 EUR, the ET7 sedan will cost 93,900 EUR, and the ET5 mid-size sedan will cost 72,900 EUR. 

All three are equipped with a 100kWh battery pack and have a battery rental policy with an initial car price reduced by 21,000 EUR. If you buy a car with a battery, you cannot use the battery exchange service.

Nio currently has 12 battery exchange stations (PSS) in Europe; including 2 stations in Germany.

 According to the plan, the company will increase the total number of stations to 120 by the end of this year. In China, Nio currently has about 1,300 charging stations and plans to increase to more than 1,700 by the end of the year.

The EU is a market that is not easy to conquer. Xpeng understood this the most, when it entered the market in 2022, but quietly withdrew and re-entered last February. 

With notoriously conservative consumers, the German market is more complex than the rest of the EU. Chinese electric vehicle startups are watching closely to learn and draw experience from other brands.

In addition, the macroeconomic situation, inflation and political-geographic instability are also big challenges for young Chinese car manufacturers.

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