Chinese EV startup Nio unveiled an electric sedan called the ET7 this weekend that it promises will have autonomous capabilities and, eventually, a solid-state battery option. It’s a big project that Nio is only able to tackle after pulling off an incredible rebound from the brink in 2020.
Nio will sell a version of the sedan, which is based on a previous concept first shown at the 2019 Shanghai Motor Show, that can go 500 kilometers (about 310 miles) on a full battery for 448,000 yuan (about $69,000) and one that can supposedly eclipse 700 kilometers (about 435 miles) for 506,000 yuan (about $78,000). The first vehicles are slated to be delivered in China in early 2022.
Nio, which is backed by Tencent, will sell a “premier edition” of...
