The innovative Chinese manufacturer of electric vehicles Nio has taken a bold step in the luxury car market with its ET9 executive sedan.
This sophisticated electric vehicle is not just an expression of luxury, it is a showcase of Nio’s technological prowess, marking an important moment for China’s evolving role in the global electric vehicle industry.
The electric ET9 competes with hybrids from Mercedes and Porsche, and the automaker said the ET9 executive sedan has a range of advanced technologies developed, including high-performance chips for cars and a unique suspension system.
The car is priced at about $112,500 and is expected to be delivered to customers in the first quarter of 2025, while the typical price for the Panamera E-Hybrid and Maybach Hybrid S580e starts at about $166,800 and about $280,000, respectively.
William Lee, the co-founder, and CEO of NIO said: “We are building a flagship executive sedan based on our leading technologies and the ET9 will be the best model showcasing Nio’s excellence in driving technological innovations.”
This development comes at a time when Chinese automakers are seeking to move up the value chain, competing global EV giants.
The luxurious BYD model called Yangwang U8 is another example of this trend, as the four-wheel car comes at a price of $154500. It also enables the wheel side engines of the Yangwang U8 to turn 360 degrees and drive sideways.
The ET9 model has become the most expensive one developed by NIO since its establishment in 2014. This vehicle uses the autonomous driving chip Shenji developed by NIO, which claims to have computing power equivalent to four Nvidia Orin chips.
Sky Ride’s fully active integrated hydraulic suspension system provides drivers and passengers with smooth and convenient driving even when ET9 drives off-road.
The company provides electric vehicles with a 120KW/H battery with a power density of 292KW/kG, and the power density is a key criterion when classifying electric vehicle batteries.
NIO aims at becoming a competitor in the luxurious EV market with the launch of the ET9 model and hopes to showcase the company’s research and manufacturing capabilities through this model.
NIO is expanding its infrastructure with plans to build additional battery switching stations, a concept designed to ease EV drivers’ concerns.
Lee said that the company is planning to build 1000 switching battery stations in 2024. These NIO switching batteries stations allow users to replace the spent battery pack with a fully charged one.
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