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U.S. startup ClearMotion will supply its active suspension technology for Chinese EV maker Nio's upcoming ET9 in a contract covering 750,000 cars over the lifetime of the luxury sedan model, the two companies said on Saturday. Nio was due to launch the ET9 on Saturday and the electric vehicle should go into production in late 2024. ClearMotion founder and chief technology officer Zack Anderson told Reuters that the company's ClearMotion1 suspension system uses a combination of hardware - a small unit containing a motor and power electronics sits in each wheel well of a vehicle - and software to read the road ahead and cut motion inside the car by "about 75% compared to the best technology in the market today".