<ul><li>Chinese electric carmaker Nio has unveiled its luxury ET9 electric sedan to compete with premium car makers such as Audi and BMW in the Chinese market.</li><li>The ET9 is priced at 800,000 yuan ($109,960) and features cutting-edge technologies like fully active integrated hydraulic suspension and steer-by-wire technology.</li><li>Nio expects to begin deliveries of the ET9 in March and believes that foreign car brands will continue to lose market share in China.</li><li>The decline in foreign carmakers' market share is attributed to the rapid adoption of electric vehicles by Chinese car makers.</li></ul>

China’s Nio Unveils ET9 EV To Compete With Audi, BMW

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