Nio, Inc.’s latest SUV NIO, the ES7, could arrive on time despite the delivery and logistical challenges in the wake of the COVID-19 disruptions.
What happened: Nio’s ES7 has been confirmed to be in the catalog of models allowed for public sale released Thursday by China’s Ministry of Industry and Information Technology, the CnEVPost reported.
The ministry released a preliminary list in early May to allow public opinion on the proposed models.
The Ministry’s latest release also reveals ES7 specs: four ranges of 440km, 485km, 620km and 575km; powered by battery packs with a capacity of 70 kWh, 75 kWh and 100 kWh; twin electric motors.
The length, width and height of the model are 4,912 mm, 1,987 mm and 1,720 mm, with a wheelbase of 2,960 mm.
Related link: Is Chinese EV maker Nio planning to produce in the US?
Why it matters: Nio, along with the rest of the electric vehicle manufacturers operating out of China, have suffered the impact of the lockdowns in response to China’s renewed outbreak of COVID-19.
Nio had to shift the ES7 launch time from its originally scheduled April schedule. The company has reportedly told users that launch-related work is underway and that the ES7 will launch once lockdowns are lifted in Shanghai.
The ES7 will be Nio’s fifth vehicle model and will likely help the company recover from the volume weakness it experienced in 2021.
Nio closed Thursday’s session 7.29% higher at $18.85, according to data from Benzinga Pro.
This post Nio’s ES7 EV goes on sale in China was original published at “https://www.benzinga.com/news/22/06/27537961/nios-es7-model-receives-government-nod-for-sale-in-china-what-that-means-for-the-ev-startup”