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

By, 2021-01-10


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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