China’s smart electric vehicle (EV) start-up Nio has launched a luxury midsize sport-utility vehicle (SUV) that can go as far as 650 kilometres on a single charge, as it takes the fight to conventional marquees such as BMW and Audi in the world’s largest automotive market. The ES7, a large five-seat SUV based on the company’s new NT 2.0 platform, will be delivered to customers in late August, by which time it is hoped that damaged automotive supply chains due to Covid-19 pandemic curbs will be fully restored. “In terms of features and specifications, the ES7 will prove to be…