CHENGDU: Chinese electric vehicle maker Nio is taking on conventional gasoline premium automakers from BMW to Audi further, launching on Saturday its first sedan model as it eyes a greater share of the world's largest car market.
Chief Executive William Li said Nio's new battery technology will give the ET7 a drive range of more than 1,000km between charges. Li said in an interview ET7's target rivals were BMW's 5-series, Audi's A6 and Mercedes-Benz E-class sedans.It was"reasonable" that Nio could sell a similar number of ET7 sedans as BMW's 5-series sedans in China in the future, Li said, but gave no details of time frame. The starting price for the BMW 5-series is 426,900 yuan and BMW sells more than 10,000 of them each month in China.
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