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Home » Companies » Nio aims to overtake Tesla in China with its first electric sedan Nio aims to overtake Tesla in China with its first electric sedan January 11, 2021 BEIJING • Chinese electric-car maker Nio is pitting itself further against market leader Tesla, unveiling its first sedan in direct competition with the United States company’s most popular model and other international rivals. The all-electric sedan ET7, released by Nio founder and chief executive William Li at a company event in Chengdu on Saturday, will start at 448,000 yuan (S$91,700) before government subsidies. That compares with 265,740 yuan for...
