The NIO ET7 starts at RMB 448,000 ($70,400) in China, before subsidies. The price can be reduced by at least RMB 70,000 for customers who choose the battery rental service BaaS (Battery-as-a-Service).

Even so, the ET7 still is priced above China’s maximum purchase subsidy threshold of RMB 300,000; still, it qualifies for subsidies as it features battery swap capability. Individual customers are eligible for a subsidy of RMB 11,340 for the NIO with the standard 75-kWh battery pack or RMB 12,600 for the model with a 100-kWh battery.

The 150-kWh pack claimed to offer a range of 1,000 kilometers (621 miles) on the NEDC cycle is not yet available to order.

Get More Great Car Videos – Subscribe: https://goo.gl/BSIaFc