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China’s Nio Launches $107K Electric Sedan to Compete with Luxury Brands Like Porsche

Daniel Kim Views  

NIO ET9

Chinese electric vehicle (EV) company Nio is stepping up to challenge Porsche by unveiling its new high-end EV, the ET9, priced over $100,000. The top-of-the-line electric sedan will launch in March 2025, with a starting price of 788,000 yuan (around $107,000), positioning it to compete with luxury models like the Porsche Panamera and the Mercedes-Benz S-Class.

The ET9 boasts impressive performance. Its high-voltage charging system allows it to travel 650 km (404 miles) on a single charge, and even more impressively, it can travel 225 km (140 miles) with just a 5-minute charge. The sedan is equipped with an intelligent driving system powered by Nio’s self-developed semiconductors and offers a luxurious experience with 35 speakers and plenty of legroom.

In addition to the ET9, Nio introduced a new sub-brand called Firefly, designed to compete with small, stylish vehicles from brands like BMW Mini and Mercedes-Benz Smart. The Firefly’s pre-sale price is 148,800 yuan (about $20,364).

Yonhap News
Daniel Kim
content@viewusglobal.com

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