NIO launches EL8 in Europe amid looming tariffs on Chinese EVs

NIO launches EL8 in Europe amid looming tariffs on Chinese EVs

The NIO EL8 SUV (ES8 in China) / Source: NIO/Weibo

EL8 becomes NIO’s sixth EV to launch in Europe

According to a post on its Weibo page this morning, NIO has officially launched the EL8 SUV in Europe, beginning sales in Norway, Germany, the Netherlands, Sweden, and Denmark.

The refreshed model, based on NIO’s NT 2.0 platform, was launched in China earlier this year. It includes a cockpit chip upgrade and two electric motors that deliver a maximum output of 480 kW and a 0 to 100 km/h (0-62 mph) time of 4.1 seconds.

The SUVs will be supported by the automaker’s growing footprint of charging infrastructure in Europe. According to the automaker, it currently operates 43 battery swap stations, 45 regional superchargers, and over 600,000 third-party chargers available to its customers.

NIO’s decision to launch a new EV like the EL8 in Europe is interesting, as the EU Commission announced plans to impose tariffs on Chinese vehicles by up to 48%. According to CnEVPost, NIO, in particular, is looking at 21% tariffs on all models imported into the region.

NIO has publicly denounced the tariffs but has expressed a sentiment of perseverance, vowing to continue its expansion in Europe, and the EL8 launch is a clear sign of that bold resolve.

The EU tariffs are expected to go into effect on July 4, but some countries like Germany are fighting the fees, arguing that they hurt local OEMs who export their European-built vehicles to China. Regardless of how the tariffs pan out, NIO appears unwavering in its quest to become a leading EV automaker in Europe.

FTC: We use income earning auto affiliate links. More.

Source link : https://electrek.co/2024/06/14/nio-launches-el8-in-europe-amid-looming-tariff-threats-to-chinese-made-evs/

Author :

Publish date : 2024-06-14 15:24:00

Copyright for syndicated content belongs to the linked Source.

Exit mobile version