The Nio ET5 was unveiled in China on 18 December 2021 at the 'Nio Day' event in Suzhou's Olympic Sports Centre.

It was on sale in September 2022 with a starting price of ¥328.000 (~US$46,100)[2] and acts as a direct competitor to Tesla's Model 3 sedan[3] and the Xpeng P7.

[4] The ET5's exterior design is said to evoke Nio's EP9 supercar DNA and be ready for "Autonomous Driving”.

The car has a rear ducktail spoiler, front air curtain, flush doorhandles, soft close doors and frameless windows to improve aerodynamic efficiency.

In 2024 Nio ET5 won the first EcoRally Cup China with the Italian driver Guido Guerrini and co-driver Emanuele Calchetti.