Tesla rejected the technology, and Nio is flying with it!

 

Nio, one of the main car makers in China launched its first sedan model, called ET7, on Saturday, as it looks to a greater share of the global auto market.

 

The car features independent driving sensors integrated into the vehicle's body.

 

The launch of "ET7" came as rival "Tesla" started selling its Chinese-made "Y" SUV in the Chinese market. Nio aims to expand its product range to attract more customers; Sedans and SUVs account for about 46% of total sales in the Chinese passenger car market.

 

Chief Executive William Lee said the new battery technology in Nio gives the ET7 a driving range of more than 1,000 km in one charge. The price of the car starts at $ 58,000 for a car without a battery, and it is one of the most expensive components of electric vehicles, which can then be leased from the company, while its price with the battery starts from $ 69,000.

 

He added that the ET7 will be equipped with lidar sensors, which help the car to perceive its surroundings, and which are often found in self-driving cars to assist drivers, a technology rejected by Tesla chief Elon Musk.

 

The car also features fifth generation (5G) technology, with Wi-Fi 6 (Wi-Fi 6), and Bluetooth 5.2 (Bluetooth 5.2), and there is also a 7.1.4 audio system, with 23 speakers. And Tesla - which sells model 3 sedans, made in Shanghai - began selling its "Y" car at a starting price of $ 52,000, and uses cameras to assist the driver.

 

The market value of Nio - which delivered 43,728 vehicles last year - is more than $ 92 billion, surpassing the traditional automakers, such as: Daimler and General Motors.

 

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