Nio unveils electric sedan after brush with collapse

Nio unveils electric sedan after brush with collapse


Chinese EV startup Nio unveiled an electric sedan called the ET7 this weekend that it promises will have autonomous capabilities and, eventually, a solid-state battery option. It’s a big project that Nio is only able to tackle after pulling off an incredible rebound from the brink in 2020.

Nio will sell a version of the sedan, which is based on a previous concept first shown at the 2019 Shanghai Motor Show, that can go 500 kilometers (about 310 miles) on a full battery for 448,000 yuan (about $69,000) and one that can supposedly eclipse 700 kilometers (about 435 miles) for 506,000 yuan (about $78,000). The first vehicles are slated to be delivered in China in early 2022.

Nio, which is backed by Tencent, will sell a “premier edition” of…

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