During its annual NIO Day even held in Suzhou, China this year, NIO has unveiled its new smart, mid-sized sedan, the ET5. With over 1,000 km CLTC range and pricing below $41,000 with the battery swap version, it could be a serious Tesla competitor in China. Additionally, we got updates on the deliveries and new features on the ET7, and NIO’s plans for global expansio. More…