NIO Reportedly Working On Six-Figure Lucid Air Rival

The new flagship vehicle for the EV brand will be the premium sedan.

A full-sized luxury car from Chinese automaker NIO, which will compete with the Lucid Air and Mercedes EQS

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The car, which is expected to cost over 1,000,000 ($143,406), would be NIO's new flagship model

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NIO currently makes five models: two sedans and three crossovers/SUVs. Currently

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the top model in the NIO portfolio is the ET7, a Tesla Model S-sized sedan with a range of up to 621 miles

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But this brand-new flagship will surpass it. The model, which will purportedly be unveiled in 2024

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NIO was founded in 2014 and has already sold over 300,000 electric vehicles (EVs) in the Chinese market.

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The company began operations in Norway in late 2021

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with a view to growing throughout the rest of Europe.

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Established way back in 2007 however just zeroing in on customer items beginning around 2016

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In the meanwhile, the manufacturer plans to grow in Australia and Japan in the upcoming years.

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There are currently no launch dates set for the American market.

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NIO, though, reportedly plans to be in the US by 2025, according to a report from August

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In addition, NIO has begun employing US-based employees and is currently renting a sizable space in San Jose, California.

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