The ET5 has become 's main seller in China, contributing 48 percent, 68 percent, and 53 percent of monthly deliveries in the past three months, respectively.

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(Image credit: NIO)

NIO (NYSE: NIO) has seen the first batch of the ET5 electric sedan arrive in Norway, with deliveries of the model in Europe set to begin this month.

"We can confirm today that the first batch of our newest car model, the NIO ET5, has arrived in Norway," NIO said in an article in its European app.

The cars are now at Birger og Haug in Aros where they are being prepared for delivery to the first customers, according to the article.

"This will be our first car below the VAT limit," the article said.

The article does not provide more details about VAT, or Merverdiavgift (MVA) in the Norwegian language. ET7 faces a 25 percent VAT in Norway, or at least NOK 21,173.

The ET5 starts at NOK 429,000 ($40,340) excluding the battery, according to the NIO Norway website. All NIO vehicles support battery swap and allow consumers to choose to include or exclude the battery when purchasing the vehicle.

(Above is the configurator information for NIO ET5 in Norway.)

(Above is the configurator information for NIO ET7 in Norway.)

NIO introduced the ET7, EL7 and ET5 to European consumers at the NIO Berlin launch event on October 7. The EL7 is known as the ES7 in China and was renamed in Europe due to a lawsuit with Audi.

Deliveries of the ET7 started in Europe as planned in October last year, with deliveries of the EL7 starting at the end of January. The planned start date for deliveries of the ET5, announced by NIO in October last year, is the end of March.

There is no more information about the ET5 in Europe, including how many units of the electric sedan NIO has sent there.

For NIO, the ET5 has been its main seller in China for the past three months.

ET5 deliveries from December to February were 7,594, 5,795 and 6,471 units, contributing 48 percent, 68 percent and 53 percent of NIO's monthly deliveries, respectively, according to data from the company and the China Passenger Car Association (CPCA) monitored by CnEVPost.

The ET5 ranked No. 7 in February in the ranking of high-end sedan sales in China with a starting price above RMB 300,000 ($43,440), according to the CPCA's list released on March 9.

The ranking dropped one spot from January, as the previously No. 7 Audi A4L outsold the ET5 with 6,935 units in February.

($1 = RMB 6.9063, $1 = NOK 10.6349)

NIO ET5 drops 1 spot in ranking of top-selling premium sedans in China