Chinese electric-vehicle (EV) maker Nio has unveiled a new pure electric model to take on hybrids by Mercedes-Benz and Porsche, in the latest sign of mainland China’s increasing heft in the development and manufacture of next-generation cars.
The Shanghai-based carmaker said the ET9, an executive sedan with a host of cutting-edge technologies it has developed, including high-performance automotive chips and a unique suspension system, will be priced at about 800,000 yuan…
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