Chinese electric vehicle (EV) manufacturer Wei Lai (New York Stock Exchange: NIO) The launch of the new ET7 luxury sedan on 2021 “NIO Day” over the weekend clearly shows Tesla (Nasdaq: TSLA) There will be more competition for cars produced in Shanghai.
ET7 will be available early next year, and has some complicated functions. The sleek exterior includes autopilot sensors, “crystal heartbeat” taillights, a full glass roof and a digital input system that expands the flush handle and automatically releases the “electronic lock” of the door when the driver approaches.
William Li, the founder and chairman of NIO, described the interior decoration as “the second living room concept.” The design uses renewable rattan materials, it is a natural substitute for plastic, and has a unique natural texture throughout the process. Li said that this tropical material provides a “natural and green experience.”
ET7 will be NIO’s first sedan, equipped with a larger 150 kWh battery pack. According to the company, it will provide a range of approximately 621 miles.This is farther than Tesla’s Model S maximum range of 402 miles Sober car The air sedan has a cruising range of 517 miles.
The Chinese electric vehicle market is growing rapidly. NIO reported that it delivered a record 17,353 vehicles in the fourth quarter, more than double the number in the same period last year.Chinese competitors Lee Motors with XPeng A record delivery volume was also announced.Supported by Warren Buffett, China’s largest electric car manufacturer world (OTC: Yes)More than 77,000 electric vehicles were sold in the fourth quarter.
As Tesla starts producing Y-SUVs at the Shanghai plant, Tesla will also provide more services in China. In the absence of any subsidies, NIO’s new ET7 uses a smaller 70 kWh battery pack, starting at approximately $69,000.