China's Nio launches flagship EV to take on Maybach, Panamera

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 (USD 112,178), Nio's founder and chief executive William Li said at the company's "Nio Day" annual event.

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