Paying attention Tesla?
Another all-electric luxury sedan has officially debuted. Meet the 2022 Nio ET7, the Chinese automaker's first-ever sedan and new flagship model. Currently, Nio sells the ES6 and ES8 all-electric crossovers in overseas markets, including China. But the ET7 is new territory for the brand and it'll face off directly against the Tesla Model S, Porsche Taycan, and the upcoming Audi e-tron GT when it goes on sale early next year.
Priced from 378,000 yuan (around $58,378) without a battery pack, the ET7 can also be purchased for 448,000 yuan ($69,200) with batteries. Those who opt for the former option will have to lease the battery pack, one of the ET7's most expensive components, from Nio for 980 yuan monthly ($150).
Two battery pack options will be available at launch: 70 kWh and 100 kWh units. Nio chief executive William Li claims the ET7's solid-state battery technology gives the sedan a driving range of over 621 miles on a single charge. Li also told his audience during the annual Nio Day event that the ET7 will also be equipped with lidar sensors in order for it to better "see" its surroundings.
Each sensor has a 1550 nanometer laser, a 120-degree viewing field, and a range of up to 500 meters. A total of 33 sensing units are found on the ET7, including a 5mm wave radar, 12 ultrasonic sensors, and two high-precision positioning units.
Nio also said it's working on an advanced new system called Power Swap Station 2.0 that will allow for the fastest battery swap service ever. Upon completion, each fully autonomous station can do a battery swap in less than three minutes and, at the same, complete a battery and systems check. Each battery swap station will be around the size of three parking spaces and can accommodate up to 13 batteries and perform a maximum of 312 swaps daily.
Each ET7 will be capable of automatically parking itself at the stations, which Nio aims to have 500 up and running by the end of this year. Pre-orders are now underway in China priced at around $770.