In a bold move, Chinese electric car manufacturer Nio has introduced its flagship model, the ET9, showcasing cutting-edge self-developed technologies. The ET9, positioned alongside Mercedes Benz’s Maybach and Porsche’s Panamera series, aims to revolutionize the electric vehicle (EV) landscape.
Set for delivery in Q1 2025 with an estimated price of 800,000 yuan ($112,178), the ET9 boasts Nio’s autonomous driving semiconductor, a 900-voltage electric drive for rapid charging, and large cylindrical battery cells. Founder and CEO William Li, speaking at the “Nio Day” event in Xian, highlighted the chassis’s smooth suspension technology, positioning it as “a generation ahead of Panamera’s,” with technology supplied by U.S. startup ClearMotion, a Nio Capital investment.
Nio’s strategic focus goes beyond the ET9; it plans to expand its infrastructure with 1,000 new battery swapping stations and a doubling of public chargers in China by 2024. The move aligns with Nio’s commitment to enhance the appeal of its EVs and improve profit margins in a competitive market.
The company’s recent infusion of $2.2 billion in new investment from Abu Dhabi-backed CYVN Holdings marks one of the largest investments secured by a Chinese EV company this year. Nio’s forward-thinking approach, coupled with technological advancements, positions it as a formidable player in the evolving landscape of electric vehicles.
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