TECH - Loss-Making Tesla Rival Nio Steps Into Luxury Territory With Executive Sedan Priced Over $100K | Benzinga
Tesla Inc rival Chinese EV maker Nio Inc (NYSE:NIO) unveiled the ET9 executive sedan at the company’s Nio Day event on Saturday. The vehicle, priced at over $100,000, marks the company’s entry into the luxury EV segment.
What Happened: The sedan, with its land jet silhouette and a host of technologies developed by the EV maker, is expected to start delivery in the first quarter of 2025. Pre-sales have already started in China with a starting price of 800,000 yuan or $112,783.
Looking back ...