NIO ET7
CICC says NIO's NAD starts new hardware race, raises price target by 42% to $85
CICC believes that the new products and services announced at the event exceeded market expectations and will also have a positive impact on the company's operations and share price.
NIO unveils its first electric sedan, ET7, with maximum range of over 1,000 km and price starting at about $69,000
At NIO Day 2020 in Chengdu on January 9, Chinese electric vehicle (EV) maker NIO (NYSE: NIO) unveiled its first all-electric sedan, the NIO ET7, the first model to be powered by a 150kWh solid-state battery pack with a maximum range of more than 1,000km.
Could NIO's upcoming sedan be a formidable rival to Tesla's Model 3?
Chinese electric vehicle (EV) maker NIO (NYSE: NIO) was facing a tough year in 2019, when financial constraints combined with a plummeting stock price forced a delay in the release of its first production all-electric sedan, which was expected to be released that year.