Shanghai, China – Electric vehicle manufacturer NIO has unveiled its new ET9 โmodel, boasting unprecedented in-car amenities like a refrigerator, home cinema system, and even a reclining chair, while simultaneously lowering its price through โstrategic cost-cutting measures. The move signals a shift towards greater affordability and a broader market reach for the Chinese automaker.
The price reduction was achieved through a series of initiatives, including new supplier โcontracts, optimization of technology development across multiple โmodels, and restrictions on aluminum usage. NIO founder, chairman, โขand CEO William โขLi highlighted the significant cost savings realized through