Nio Unveils Luxury EV Sedan ET9, Priced Over $100K

The Chinese EV maker's most expensive model yet is set to compete with luxury hybrids from Mercedes-Benz and Porsche, with deliveries expected in 2025.

• Nio, a Chinese EV maker, has unveiled its most expensive model yet, the ET9 executive sedan, priced at over $100,000.
• The ET9 is expected to start delivery in the first quarter of 2025 and is aimed at competing with luxury hybrids from Mercedes-Benz and Porsche.
• The sedan features a host of cutting-edge technologies developed by Nio, including high-performance automotive chips and a unique suspension system.
• Nio plans to add 1000 battery swap stations and 20,000 chargers in 2024, and start deployment of its power charger 4.0 and power swap station 4.0 in April 2024.
• Nio posted a net loss of 4.56 billion yuan (nearly $643 million) in the third quarter of this year, but delivered 55,432 vehicles, up by 75.4% year-on-year.

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