Nio Rallies after Unveilling Executive EV to Take on Panamera

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Nio Rallies after Unveilling Executive EV to Take on Panamera

Tiger Newspress2023-12-26

Chinese electric car maker Nio on Saturday unveiled a flagship model featuring self-developed technologies including semiconductors, betting they would help prop up earnings, as a bruising price war and slowing car demand weigh on profitability.

Nio shares rose 7.13% in morning trading on the news.

The ET9 executive sedan, positioned in the same class as Mercedes Benz's Maybach and Porsche's Panamera series, is expected to start delivery in the first quarter of 2025 at an estimated price of 800,000 yuan ($112,178), Nio's founder and chief executive William Li said at the company’s "Nio Day" annual event.

The car will be equipped with Nio’s self-designed autonomous driving semiconductor, 900-voltage electric drive for fast charging and large cylindrical battery cells, Li said at the event in the northwestern Chinese city of Xian.

He also touted a chassis featuring a smooth suspension technology that Li said is "a generation ahead of Panamera's". U.S. startup ClearMotion, in which Li's venture capital firm Nio Capital is invested, will supply the technology.

Nio, which also announced plans to add 1,000 battery swapping stations and double its public chargers in 2024 in China, is betting on such technology and infrastructure to increase the appeal of its EVs to consumers and improve its profit margin in a consolidating market.

The company won $2.2 billion in new investment this month from Abu Dhabi-backed investment vehicle CYVN Holdings, one of the largest investments a Chinese EV company secured this year.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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FGP
·2023-12-27
More than that...NiO in-house developed 5nm SoC chip for autonomous drive capable of 1000 TOPS, 1 trillion operation per second said to match or better than Nvidia's chipset. Save cost and do not have to rely much on Nvidia
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Dominator1
·2023-12-27
Finally!
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Bucktooths
·2023-12-26
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annual event.</p><p><img src=\"https://static.tigerbbs.com/9974845b497caf310af0e6c8f103dffd\" alt=\"\"/>The car will be equipped with Nio’s self-designed autonomous driving semiconductor, 900-voltage electric drive for fast charging and large cylindrical battery cells, Li said at the event in the northwestern Chinese city of Xian.</p><p>He also touted a chassis featuring a smooth suspension technology that Li said is &#34;a generation ahead of Panamera&#39;s&#34;. U.S. startup ClearMotion, in which Li&#39;s venture capital firm Nio Capital is invested, will supply the technology.</p><p>Nio, which also announced plans to add 1,000 battery swapping stations and double its public chargers in 2024 in China, is betting on such technology and infrastructure to increase the appeal of its EVs to consumers and improve its profit margin in a consolidating market.</p><p>The company won $2.2 billion in new investment this month from Abu Dhabi-backed investment vehicle CYVN Holdings, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest investments a Chinese EV company secured this year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cf1153d0ccfa7d1d08f3cc5e24107b6b\" title=\"\" tg-width=\"800\" tg-height=\"305\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO.SI":"蔚来","09866":"蔚来-SW","NIO":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102478385","content_text":"Chinese electric car maker Nio on Saturday unveiled a flagship model featuring self-developed technologies including semiconductors, betting they would help prop up earnings, as a bruising price war and slowing car demand weigh on profitability.Nio shares rose 7.13% in morning trading on the news.The ET9 executive sedan, positioned in the same class as Mercedes Benz's Maybach and Porsche's Panamera series, is expected to start delivery in the first quarter of 2025 at an estimated price of 800,000 yuan ($112,178), Nio's founder and chief executive William Li said at the company’s \"Nio Day\" annual event.The car will be equipped with Nio’s self-designed autonomous driving semiconductor, 900-voltage electric drive for fast charging and large cylindrical battery cells, Li said at the event in the northwestern Chinese city of Xian.He also touted a chassis featuring a smooth suspension technology that Li said is \"a generation ahead of Panamera's\". U.S. startup ClearMotion, in which Li's venture capital firm Nio Capital is invested, will supply the technology.Nio, which also announced plans to add 1,000 battery swapping stations and double its public chargers in 2024 in China, is betting on such technology and infrastructure to increase the appeal of its EVs to consumers and improve its profit margin in a consolidating market.The company won $2.2 billion in new investment this month from Abu Dhabi-backed investment vehicle CYVN Holdings, one of the largest investments a Chinese EV company secured this year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":256511543431200,"gmtCreate":1703644208051,"gmtModify":1703644415633,"author":{"id":"4094737099269760","authorId":"4094737099269760","name":"Dominator1","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4094737099269760","authorIdStr":"4094737099269760"},"htmlText":"Finally!","listText":"Finally!","text":"Finally!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/256511543431200","repostId":1102478385,"repostType":2,"repost":{"id":"1102478385","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1703602094,"share":"https://ttm.financial/m/news/1102478385?lang=&edition=fundamental","pubTime":"2023-12-26 22:48","market":"us","language":"en","title":"Nio Rallies after Unveilling Executive EV to Take on Panamera","url":"https://stock-news.laohu8.com/highlight/detail?id=1102478385","media":"Tiger Newspress","summary":"Chinese electric car maker $Nio(NIO)$ on Saturday unveiled a flagship model featuring self-developed technologies including semiconductors, betting they would help prop up earnings, as a bruising pric","content":"<html><head></head><body><p>Chinese electric car maker <a href=\"https://laohu8.com/S/NIO\">Nio</a> on Saturday unveiled a flagship model featuring self-developed technologies including semiconductors, betting they would help prop up earnings, as a bruising price war and slowing car demand weigh on profitability.</p><p>Nio shares rose 7.13% in morning trading on the news.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/20adb487e5a7cbeac758e942b3beb0c6\" tg-width=\"793\" tg-height=\"625\"/></p><p>The ET9 executive sedan, positioned in the same class as Mercedes Benz&#39;s Maybach and Porsche&#39;s Panamera series, is expected to start delivery in the first quarter of 2025 at an estimated price of 800,000 yuan ($112,178), Nio&#39;s founder and chief executive William Li said at the company’s &#34;Nio Day&#34; annual event.</p><p><img src=\"https://static.tigerbbs.com/9974845b497caf310af0e6c8f103dffd\" alt=\"\"/>The car will be equipped with Nio’s self-designed autonomous driving semiconductor, 900-voltage electric drive for fast charging and large cylindrical battery cells, Li said at the event in the northwestern Chinese city of Xian.</p><p>He also touted a chassis featuring a smooth suspension technology that Li said is &#34;a generation ahead of Panamera&#39;s&#34;. U.S. startup ClearMotion, in which Li&#39;s venture capital firm Nio Capital is invested, will supply the technology.</p><p>Nio, which also announced plans to add 1,000 battery swapping stations and double its public chargers in 2024 in China, is betting on such technology and infrastructure to increase the appeal of its EVs to consumers and improve its profit margin in a consolidating market.</p><p>The company won $2.2 billion in new investment this month from Abu Dhabi-backed investment vehicle CYVN Holdings, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest investments a Chinese EV company secured this year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cf1153d0ccfa7d1d08f3cc5e24107b6b\" title=\"\" tg-width=\"800\" tg-height=\"305\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Rallies after Unveilling Executive EV to Take on Panamera</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Rallies after Unveilling Executive EV to Take on Panamera\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-12-26 22:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Chinese electric car maker <a href=\"https://laohu8.com/S/NIO\">Nio</a> on Saturday unveiled a flagship model featuring self-developed technologies including semiconductors, betting they would help prop up earnings, as a bruising price war and slowing car demand weigh on profitability.</p><p>Nio shares rose 7.13% in morning trading on the news.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/20adb487e5a7cbeac758e942b3beb0c6\" tg-width=\"793\" tg-height=\"625\"/></p><p>The ET9 executive sedan, positioned in the same class as Mercedes Benz&#39;s Maybach and Porsche&#39;s Panamera series, is expected to start delivery in the first quarter of 2025 at an estimated price of 800,000 yuan ($112,178), Nio&#39;s founder and chief executive William Li said at the company’s &#34;Nio Day&#34; annual event.</p><p><img src=\"https://static.tigerbbs.com/9974845b497caf310af0e6c8f103dffd\" alt=\"\"/>The car will be equipped with Nio’s self-designed autonomous driving semiconductor, 900-voltage electric drive for fast charging and large cylindrical battery cells, Li said at the event in the northwestern Chinese city of Xian.</p><p>He also touted a chassis featuring a smooth suspension technology that Li said is &#34;a generation ahead of Panamera&#39;s&#34;. U.S. startup ClearMotion, in which Li&#39;s venture capital firm Nio Capital is invested, will supply the technology.</p><p>Nio, which also announced plans to add 1,000 battery swapping stations and double its public chargers in 2024 in China, is betting on such technology and infrastructure to increase the appeal of its EVs to consumers and improve its profit margin in a consolidating market.</p><p>The company won $2.2 billion in new investment this month from Abu Dhabi-backed investment vehicle CYVN Holdings, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest investments a Chinese EV company secured this year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cf1153d0ccfa7d1d08f3cc5e24107b6b\" title=\"\" tg-width=\"800\" tg-height=\"305\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO.SI":"蔚来","09866":"蔚来-SW","NIO":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102478385","content_text":"Chinese electric car maker Nio on Saturday unveiled a flagship model featuring self-developed technologies including semiconductors, betting they would help prop up earnings, as a bruising price war and slowing car demand weigh on profitability.Nio shares rose 7.13% in morning trading on the news.The ET9 executive sedan, positioned in the same class as Mercedes Benz's Maybach and Porsche's Panamera series, is expected to start delivery in the first quarter of 2025 at an estimated price of 800,000 yuan ($112,178), Nio's founder and chief executive William Li said at the company’s \"Nio Day\" annual event.The car will be equipped with Nio’s self-designed autonomous driving semiconductor, 900-voltage electric drive for fast charging and large cylindrical battery cells, Li said at the event in the northwestern Chinese city of Xian.He also touted a chassis featuring a smooth suspension technology that Li said is \"a generation ahead of Panamera's\". U.S. startup ClearMotion, in which Li's venture capital firm Nio Capital is invested, will supply the technology.Nio, which also announced plans to add 1,000 battery swapping stations and double its public chargers in 2024 in China, is betting on such technology and infrastructure to increase the appeal of its EVs to consumers and improve its profit margin in a consolidating market.The company won $2.2 billion in new investment this month from Abu Dhabi-backed investment vehicle CYVN Holdings, one of the largest investments a Chinese EV company secured this year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":256341873598536,"gmtCreate":1703602605555,"gmtModify":1703602609720,"author":{"id":"3575278133042310","authorId":"3575278133042310","name":"Bucktooths","avatar":"https://static.tigerbbs.com/81cb228fc4fb456a0876be4fcec91eef","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3575278133042310","authorIdStr":"3575278133042310"},"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/256341873598536","repostId":1102478385,"repostType":2,"repost":{"id":"1102478385","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1703602094,"share":"https://ttm.financial/m/news/1102478385?lang=&edition=fundamental","pubTime":"2023-12-26 22:48","market":"us","language":"en","title":"Nio Rallies after Unveilling Executive EV to Take on Panamera","url":"https://stock-news.laohu8.com/highlight/detail?id=1102478385","media":"Tiger Newspress","summary":"Chinese electric car maker $Nio(NIO)$ on Saturday unveiled a flagship model featuring self-developed technologies including semiconductors, betting they would help prop up earnings, as a bruising pric","content":"<html><head></head><body><p>Chinese electric car maker <a href=\"https://laohu8.com/S/NIO\">Nio</a> on Saturday unveiled a flagship model featuring self-developed technologies including semiconductors, betting they would help prop up earnings, as a bruising price war and slowing car demand weigh on profitability.</p><p>Nio shares rose 7.13% in morning trading on the news.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/20adb487e5a7cbeac758e942b3beb0c6\" tg-width=\"793\" tg-height=\"625\"/></p><p>The ET9 executive sedan, positioned in the same class as Mercedes Benz&#39;s Maybach and Porsche&#39;s Panamera series, is expected to start delivery in the first quarter of 2025 at an estimated price of 800,000 yuan ($112,178), Nio&#39;s founder and chief executive William Li said at the company’s &#34;Nio Day&#34; annual event.</p><p><img src=\"https://static.tigerbbs.com/9974845b497caf310af0e6c8f103dffd\" alt=\"\"/>The car will be equipped with Nio’s self-designed autonomous driving semiconductor, 900-voltage electric drive for fast charging and large cylindrical battery cells, Li said at the event in the northwestern Chinese city of Xian.</p><p>He also touted a chassis featuring a smooth suspension technology that Li said is &#34;a generation ahead of Panamera&#39;s&#34;. U.S. startup ClearMotion, in which Li&#39;s venture capital firm Nio Capital is invested, will supply the technology.</p><p>Nio, which also announced plans to add 1,000 battery swapping stations and double its public chargers in 2024 in China, is betting on such technology and infrastructure to increase the appeal of its EVs to consumers and improve its profit margin in a consolidating market.</p><p>The company won $2.2 billion in new investment this month from Abu Dhabi-backed investment vehicle CYVN Holdings, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest investments a Chinese EV company secured this year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cf1153d0ccfa7d1d08f3cc5e24107b6b\" title=\"\" tg-width=\"800\" tg-height=\"305\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Rallies after Unveilling Executive EV to Take on Panamera</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Rallies after Unveilling Executive EV to Take on Panamera\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-12-26 22:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Chinese electric car maker <a href=\"https://laohu8.com/S/NIO\">Nio</a> on Saturday unveiled a flagship model featuring self-developed technologies including semiconductors, betting they would help prop up earnings, as a bruising price war and slowing car demand weigh on profitability.</p><p>Nio shares rose 7.13% in morning trading on the news.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/20adb487e5a7cbeac758e942b3beb0c6\" tg-width=\"793\" tg-height=\"625\"/></p><p>The ET9 executive sedan, positioned in the same class as Mercedes Benz&#39;s Maybach and Porsche&#39;s Panamera series, is expected to start delivery in the first quarter of 2025 at an estimated price of 800,000 yuan ($112,178), Nio&#39;s founder and chief executive William Li said at the company’s &#34;Nio Day&#34; annual event.</p><p><img src=\"https://static.tigerbbs.com/9974845b497caf310af0e6c8f103dffd\" alt=\"\"/>The car will be equipped with Nio’s self-designed autonomous driving semiconductor, 900-voltage electric drive for fast charging and large cylindrical battery cells, Li said at the event in the northwestern Chinese city of Xian.</p><p>He also touted a chassis featuring a smooth suspension technology that Li said is &#34;a generation ahead of Panamera&#39;s&#34;. U.S. startup ClearMotion, in which Li&#39;s venture capital firm Nio Capital is invested, will supply the technology.</p><p>Nio, which also announced plans to add 1,000 battery swapping stations and double its public chargers in 2024 in China, is betting on such technology and infrastructure to increase the appeal of its EVs to consumers and improve its profit margin in a consolidating market.</p><p>The company won $2.2 billion in new investment this month from Abu Dhabi-backed investment vehicle CYVN Holdings, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest investments a Chinese EV company secured this year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cf1153d0ccfa7d1d08f3cc5e24107b6b\" title=\"\" tg-width=\"800\" tg-height=\"305\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO.SI":"蔚来","09866":"蔚来-SW","NIO":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102478385","content_text":"Chinese electric car maker Nio on Saturday unveiled a flagship model featuring self-developed technologies including semiconductors, betting they would help prop up earnings, as a bruising price war and slowing car demand weigh on profitability.Nio shares rose 7.13% in morning trading on the news.The ET9 executive sedan, positioned in the same class as Mercedes Benz's Maybach and Porsche's Panamera series, is expected to start delivery in the first quarter of 2025 at an estimated price of 800,000 yuan ($112,178), Nio's founder and chief executive William Li said at the company’s \"Nio Day\" annual event.The car will be equipped with Nio’s self-designed autonomous driving semiconductor, 900-voltage electric drive for fast charging and large cylindrical battery cells, Li said at the event in the northwestern Chinese city of Xian.He also touted a chassis featuring a smooth suspension technology that Li said is \"a generation ahead of Panamera's\". U.S. startup ClearMotion, in which Li's venture capital firm Nio Capital is invested, will supply the technology.Nio, which also announced plans to add 1,000 battery swapping stations and double its public chargers in 2024 in China, is betting on such technology and infrastructure to increase the appeal of its EVs to consumers and improve its profit margin in a consolidating market.The company won $2.2 billion in new investment this month from Abu Dhabi-backed investment vehicle CYVN Holdings, one of the largest investments a Chinese EV company secured this year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":20,"commentSize":3,"repostSize":4,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}