A used 2024 Nio ET7 featuring a 139,000-kilometer odometer reading is currently listed for sale at 270,000 Norwegian kroner, according to a report by TV 2. While the luxury electric sedan originally cost 739,000 kroner new with a battery package or 579,000 kroner without, buyers of the secondhand vehicle must continue a monthly battery subscription model that adds ongoing costs and distinct market risks.
Nio ET7 Pricing and Specifications on the Used Market
The heavily driven Nio ET7 reflects significant depreciation tied directly to its high mileage of 139,000 kilometers, according to TV 2. When new, customers could purchase the large luxury sedan with a battery for 739,000 kroner. However, most original buyers opted for a configuration without the battery, lowering the initial purchase price to 579,000 kroner while entering into a permanent lease agreement for the energy storage pack.
The vehicle features a black exterior, matching black leather interior, an advanced self-driving system, and an onboard digital assistant named Nomi, as reported by TV 2.
How the Nio Battery Subscription Works in Norway
Owners who buy the vehicle without an integrated battery must choose between two monthly subscription options from Nio, as detailed by TV 2. The smaller 75 kWh battery costs 1,400 kroner per month and delivers a WLTP-rated range of 445 kilometers. The larger 100 kWh battery costs 2,000 kroner per month and provides a range of 580 kilometers.
Nio operates a network of 20 battery-swapping stations across Norway, allowing drivers to exchange a depleted energy pack for a fully charged one in a matter of minutes. Proponents of the subscription model argue that it grants motorists access to newer battery technology as it evolves, ensuring the energy storage system remains modern even as the vehicle ages.
Market Performance and Ownership Risks for Buyers
Despite the infrastructure rollout that began with a major showroom opening on Karl Johansgate in 2022, sales for the brand have remained sluggish, according to TV 2. Only about 3,500 Nio vehicles have been registered in Norway since the launch, with just 211 cars registered during the current year.
Purchasing a secondhand ET7 carries notable financial and operational risks. Because of the high mileage, the factory warranty has expired, meaning buyers must thoroughly inspect the vehicle before committing, notes TV 2. Furthermore, Nio has accumulated losses exceeding 1 billion kroner in Norway, and the absence of a traditional Norwegian importer leaves owners vulnerable if the manufacturer alters its market presence. Finally, analysts suggest that resale liquidity could prove challenging when trying to offload the specialized sedan later.
Frequently Asked Questions
How much does the used Nio ET7 cost?
The featured used Nio ET7 is listed at 270,000 Norwegian kroner, according to TV 2.
Do I own the battery when buying a used Nio ET7?
No, the purchase price does not include the battery pack. Owners must pay a monthly subscription fee of either 1,400 kroner for the 75 kWh pack or 2,000 kroner for the 100 kWh pack, as reported by TV 2.
How many battery-swapping stations does Nio have in Norway?
Nio operates 20 battery-swapping stations across the country, where drivers can swap depleted units for fully charged ones within minutes, according to TV 2.
What is the range of the Nio ET7 with the larger battery?
The 100 kWh battery option provides a WLTP-rated range of 580 kilometers, according to TV 2.
Worth a look