EV automaker Nio unveils a luxury sedan to compete with the Model S

The ET7 will start at 448,000 yuan (~$69,000) if buyers opt for the standard 70 kwH battery pack. However though if customers opt for the 980 yuan ($150)/month “battery services” subscription, the starting price drops to 378,000 yuan or around $58,375. The 70 kwH pack offers up to 500km of range while the optional new 150 kwH version, with its 360 Wh/kg of energy density, will reportedly deliver ranges in excess of 1,000 km — that’s north of 600 miles and far beyond what the Tesla Model S can provide. What’s more, Nio claims that the ET7 has a 0 to 100 kmh of 3.9 seconds with a maximum power output of 480 kW. But note that when the ET7 goes on sale in Q1 2022, it will only be available with the 70 kwH and 100 kwH batteries to start — the solid-state 150 kwH version likely won’t arrive until the end of that year.

Keeping the ET7 charged won’t take long. Nio announced on Saturday that it is upgrading its battery swap stations as…

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