Show cars of the new ES8 became gradually available in showrooms starting June 24, and NIO added more features to the model as standard.

(Image credit: NIO)

NIO (NYSE: NIO) has announced delivery schedules for the new ES8 and reduced the price of the highest-priced version by RMB 10,000 ($1,400) as delivery of the flagship SUV approaches.

The company said today that show cars of the new ES8 became gradually available in NIO showrooms beginning June 24, and the model will allow consumers to lock in orders, test drive and begin delivery on June 28.

NIO launched the new ES8 on NIO Day 2022, December 24, 2022, the company's transition to the NT 2.0 platform for its first production vehicle.

With a length, width and height of 5,099 mm, 1,989 mm and 1,750 mm respectively, and a wheelbase of 3,070 mm, the new ES8 targets the market for luxury SUVs, including Land Rover.

It is powered by NIO's second-generation electric drive platform with a maximum drive power of 480 kW and maximum torque of 850 Nm, and can accelerate from 0 to 100 km/h in 4.1 seconds.

NIO is offering three options for the ES8, including the regular, Executive and Signature editions. Here's the pricing at launch when free battery swap services were included:

Including the battery, the regular version of the new ES8 starts at RMB 528,000 for the standard range version with the 75-kWh battery. The 100-kWh version starts at RMB 586,000. If consumers rent the battery under BaaS solution, they will both cost RMB 458,000, and the monthly battery rental fees are RMB 980 and RMB 1,680 respectively.

Including the battery, the starting price for the two range versions of the new ES8's Executive Edition is RMB 548,000 and RMB 606,000 respectively. Both start at RMB 478,000 under BaaS solution, and the monthly battery rental costs RMB 980 yuan and RMB 1,680 yuan respectively.

The signature version of the model is only available with the 100-kWh battery pack, starting at RMB 638,000 and RMB 510,000 in BaaS mode, with a monthly battery rental cost of RMB 1,680.

On June 12, NIO made the battery swap benefits, previously free several times a month, optional, thus reducing the price of all models by RMB 30,000.

Following this move, the starting price of the new ES8, including the battery, becomes RMB 498,000 for the regular edition, RMB 518,000 for the Executive Edition and RMB 608,000 for the Signature Edition.

Notably, NIO announced today that the price of the Signature Edition of the new ES8 has been adjusted to RMB 598,000, a further reduction of RMB 10,000. Prices for the regular and Executive models are unchanged today.

Consumers who purchase the car under the BaaS plan will have a starting price of RMB 428,000, RMB 448,000 and RMB 470,000 respectively.

In addition to the price reduction, NIO has added an in-car refrigerator and 22-inch forged wheels as standard for the Signature Edition of the ES8.

The other two versions of the new ES8 also receive added features, with the Executive Edition receiving additional Nappa interior trim and a refrigerator as standard, and the regular Edition receiving additional Nappa interior trim as standard.

NIO models no longer come standard with free battery swaps several times a month, and consumers who wish to get this benefit when purchasing the new ES8 will now need to pay an additional RMB 30,000.

Below are the prices for each version of the new NIO ES8, without the battery swap package which costs RMB 30,000.

Pricing of New NIO ES8

ModelBattery PackPrice with BatteryBaaS PriceBaaS Monthly Battery Fee
New ES875 kWh498,000 428,000 980
New ES8100 kWh556,000 428,000 1,680
New ES8 Executive Edition75 kWh518,000 448,000 980
New ES8 Executive Edition100 kWh576,000 448,000 1,680
New ES8 Signature Edition100 kWh598,000 470,000 1,680

($1 = RMB 7.1795)

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