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Tesla China Rival Nio Ups Competition With New Electric Sedan

Jan.10 -- Chinese electric-car maker Nio Inc is pitting itself further against market leader Tesla Inc, unveiling its first sedan in direct competition with the U.S. company's most popular model and other international rivals. CEO William Li told Bloomberg exclusively after the launch that he sees the all-electric sedan ET7 more as a rival to Tesla's Model S if comparisons are to be made.