Nio plans to have the ET7 available in showrooms around the Chinese New Year, which will come on February 1, but users may have a chance to see it in some showrooms before then.

(Image credit: Nio)

On November 10, William Li, founder, chairman, and CEO of Nio, said in a conference call after the company announced its third-quarter earnings that Nio plans to have ET7 available in showrooms around the Chinese New Year, which comes February 1.

Nio unveiled the flagship sedan at Nio Day 2020 on January 9, and it continues the high-performance character of the company's models.

The ET7 is powered by a 180 kW permanent magnet motor, and a 300 kW induction motor with a maximum power of 480 kW.

It has a peak torque of 850 Nm and accelerates from 0-100 100 km in just 3.9 seconds.

Over the past few months, Nio has completed summer testing of the model, winter testing and performance testing in highland environments in preparation for its delivery in the first quarter of next year.