- The Nio main brand has extended its 5-year 0-interest financing plan until the end of this month, and sub-brand Onvo launched the same plan earlier today.
- This month's purchase offers do not apply to the Nio ES7, or the ET9 whose deliveries have not yet begun.
Nio Inc (NYSE: NIO) has extended its 5-year, 0-interest financing plan for the Nio main brand to March 31, after the purchase incentive expired yesterday.
Customers who pay a deposit to purchase a Nio-branded vehicle between March 1 and March 31 are eligible for the 5-year 0-interest financing plan, the electric vehicle (EV) maker said today in an announcement posted on its mobile app.
Under the plan, the down payment for a Nio vehicle is as low as RMB 45,600 ($6,260), with interest savings of up to RMB 44,300, the company said.
Nio has put together a table showing the minimum down payment and interest savings for its different models under the program.
Nio's 5-year 0-interest car purchase offer
| Model | Starting price (RMB) | Min. down payment | Daily payment | Interest savings |
|---|---|---|---|---|
| ET5/ET5T | 298,000 | 45,600 | 126 | 23,621 |
| ES6 | 338,000 | 53,600 | 143 | 27,765 |
| EC6 | 358,000 | 57600 | 152 | 29,837 |
| ET7 | 428,000 | 71,600 | 183 | 37,089 |
| EC7 | 458,000 | 77,600 | 197 | 40,197 |
| ES8 | 498,000 | 85,600 | 215 | 44,341 |
| * Available between March 1, 2025 and March 31, 2025. | ||||
The Nio brand currently has nine models -- ET9, ES8, ES7, ES6, EC7, EC6, ET7, ET5, ET5 Touring. Deliveries of the ET9, which was launched in December last year, are expected to begin at the end of this month.
This month's purchase offers apply to the ET5, ET5 Touring, ES6, EC6, ET7, EC7, ES8, while the ES7 and ET9 are not included.
In addition to the 5-year 0-interest financing, Nio continues to offer the same following benefits in March as it did in February:
48 free battery swap services.
An option fund worth RMB 10,000.
5 years of free NOP+ (Navigate on Pilot Plus) access, worth RMB 22,800.
In January, Nio Inc offered a 3-year 0-interest financing program for customers purchasing Nio or sub-brand Onvo models.
Last month, the Nio main brand began offering a 5-year 0-interest financing program with a minimum 20 percent down payment, and Onvo offered a 0 percent down payment, 3-year 0-interest financing program.
Earlier today, Onvo introduced a 5-year, 0-interest financing program, but slightly reduced the overall benefits.
The half-price offer on the ET7 Executive Edition's Nappa leather interior available last month has been eliminated this month, and the previously offered re-purchase offers for existing Nio owners has not been mentioned.
Nio Inc would have new product releases every quarter from the second to the fourth quarter, William Li, the company's founder, chairman, and CEO, said on February 8.
($1 = RMB 7.2838)
Analysts expect Nio's battery swap business to break even by end of 2026
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