According to reports, Chinese automaker NIO is planning on launching a full-sized luxury sedan that will rival the Lucid Air and Mercedes EQS. Per a recent report by British outlet AutoCar, the sedan will be NIO’s new flagship model and will cost in excess of $143,000.
NIO currently makes five models: two sedans and three crossovers/SUVs. Currently, the top model in the NIO lineup is the ET7, a Tesla Model S-sized sedan with a range of up to 621 miles on a single charge. But this brand-new flagship will surpass it. The model, which will purportedly be unveiled in 2024 and be offered worldwide, is yet unknown.
NIO was founded in 2014 and has since sold over 300,000 electric vehicles (EVs) in the Chinese market. The company began operations in Norway in late 2021, with a view to growing throughout the rest of Europe. NIO just started making deliveries in Germany and is currently planning to start doing so in the Netherlands, Sweden, and Denmark by the beginning of 2023. In the meantime, the manufacturer plans to grow in Australia and Japan in the upcoming years.
There are currently no launch dates set for the American market. NIO, though, reportedly plans to be in the US by 2025, according to a report from August. In addition, NIO has begun employing US-based employees and is currently renting a sizable space in San Jose, California.