Nio, the Chinese automaker has today launched its latest eclectic vehicle at its fourth annual Nio Day — Nio ET7 which falls under the category of a luxury sedan. It is a mid-sized sedan designed to compete against the Tesla Model S. The company also believes that the newly launched car competes against offerings from Xpeng and BMW 7-series.
The Nio ET7 will start at 448,000 yuan (~$69,000) for the standard 70 kWh battery pack. The company is also offering a “battery service” subscription for 980 yuan (~$150) and for those users to opt for the subscription, the car’s pricing drops to 378,000 yuan or around $58,375. This model offers up to 500km of range.
There’s also a new 150 kWh version which will reportedly deliver ranges in excess of 1,000 km — far beyond what the Tesla Model S can provide. The company also claims that the ET7 has a 0 to 100 km of 3.9 seconds with a maximum power output of 480 kW.
The ET7 will go on sale in the first quarter of 2022 and will only be available with the 70 kWh and 100 kWh batteries to start. The high-end model with the solid-state 150 kWh version likely won’t arrive until the end of that year.
Along with the launch of this new car, Nio also showcased its new driver-assist technology — the Aquila Sensing feature. It utilizes a series of 11, 8MP high def cameras to spot another car at 680 meters and pedestrians at more than 220 meters away. ET7’s ADAS also uses a 1550nm LiDAR sensor with a 500-meter range along with a 5 mm-Wave radar array, 12 ultrasonic sensors, and a pair of high-precision positioning units to understand exactly what is around it.