William Li, founder and chairman of Nio, shares options of the et7 sedan at a launch occasion in Chengdu, China, on Jan. 9, 2021.Evelyn Cheng | CNB
William Li, founder and chairman of Nio, shares options of the et7 sedan at a launch occasion in Chengdu, China, on Jan. 9, 2021.
Evelyn Cheng | CNBC
BEIJING — Chinese language electrical automotive start-up Nio launched its first sedan on Saturday with self-driving expertise options that the corporate claims surpass that of Tesla.
Pre-subsidy costs for the et7 sedan begin at 448,000 yuan ($69,000) with a 70 kilowatt-per-hour battery pack. If prospects select to pay for battery providers primarily based on a 980 yuan month-to-month subscription price, the car prices 378,000 yuan.
Deliveries are set to start within the first quarter of 2022, firm founder and chairman William Li mentioned at a launch occasion in Chengdu, China. Pre-orders started Saturday.
Nio revealed its first sedan, the et7, on Jan. 9, 2021.
Evelyn Cheng | CNBC
Nio’s et7 sedan can work with the corporate’s new autonomous driving system that options digicam decision of eight megapixels — versus 1.2 megapixels for Tesla — and Nvidia processing chips that provide processing energy better than that of seven Tesla full self-driving computer systems, Li claimed.
The autonomous driving system prices 680 yuan a month, Li mentioned.
Tesla’s China-made Mannequin Y is slated to start deliveries as early as April with a price ticket of 339,900 yuan, in keeping with the corporate’s web site as of Saturday.
The et7 claims a driving vary of 1,000 kilometers (621 miles). That is greater than the 706 kilometer-range of Xpeng’s P7 sedan, which the corporate claimed final yr was probably the most for any electrical automotive in China.
Nio’s new sedan additionally incorporates a laminated all-glass roof, heated seats in each rows and 23 audio system, in keeping with the corporate.
Whereas different Chinese language electrical car corporations have seen sturdy demand for his or her not too long ago launched sedans, Nio solely has SUVs available on the market. The corporate confirmed off a sedan prototype on the Shanghai Auto Present in April 2019, however bumped into monetary difficulties later that yr.
Nio’s et7 sedan incorporates a laminated all-glass roof, heated seats in each rows and 23 audio system, in keeping with the corporate.
Evelyn Cheng | CNBC
After receiving roughly $1 billion from state-backed buyers in early 2020, Nio’s New York-listed shares started to get well and closed the yr up effectively over 1,000%. The beginning-up plans to enter Europe as quickly because the second half of this yr.
For 2020, Nio mentioned deliveries greater than doubled from a yr in the past to 43,728 automobiles.
That made the automaker the most effective performer amongst different New York-listed Chinese language electrical automotive start-ups.
However Nio’s deliveries nonetheless fall wanting BYD, a Chinese language automotive and battery firm backed by American billionaire Warren Buffett, and Elon Musk’s Tesla.