The Denza N7 is set to begin deliveries in about two weeks, according to the company.
In another page from Nio's playbook, the Denza N7 launch in Beijing was followed by a live music performance.
Its prior electric model, the D9 multi-purpose vehicle, claims more than 10,000 sales a month since since March.
At the time Zeng said he expected competition in China's new energy vehicle market would move into the 400,000 yuan to 500,000 yuan price range and above.
The 100,000 yuan to 200,000 yuan price range has been the primary price range for cars in China, Zeng said.
Persons:
Yang Dongsheng, Tesla, Tu Le, Denza, playbook, Denza's, Zhao Changjiang, BYD, Nvidia Orin, Orin isn't, Yang, Craig Zeng, Zeng
Organizations:
Bloomberg, Getty, Tesla's, Tesla, Benz Group, Tech, Benz, BMW, Audi, Qualcomm, Nvidia, CNBC
Locations:
Beijing, BEIJING, China, Weibo, Thailand, Hong Kong, Macao, Europe