Nio introduced its first premium sedan ET7, the start of deliveries in the first quarter of 2022. On-Board computer Nio ET7 equipped with Nvidia processors, with more computing power than the Tesla. Nio has also introduced a new station to replace the batteries is a faster alternative to charging stations.
Shares of Nio (NIO), an increase of 1600% over the past 12 months, rose to a new high for the last 52 weeks before the opening of trading on Monday.
The growth of shares in non-trading time is the reaction of investors to the presented on Saturday at the event, “WATER Day” the first premium sedan Nio ET7 with a panoramic roof, which, according to analysts, will compete with Tesla (TSLA) in China.
Pre-orders for ET7 began on Saturday, with the company’s management has promised to begin deliveries in the first quarter of 2022.
However, according to the founder and Chairman of the company Nio William Lee: “I need more time to prepare for mass production.”
The standard version of Nio ET7 has a price (without state subsidies) of $69 184 (448000 yuan) and a power reserve of 500 km. with rechargeable battery 70 kWh.
The premium version ET7 at a price of $82 745 (536000 yuan) can travel up to 700 km, thanks to battery 100 kWh.
ET7 extended version has a claimed range of 1,000 km without charging, using the battery at 150 kW/h, the price is not revealed yet. The sedan accelerates from zero to 100 km / h in just 3.9 seconds.
In this case, the price of an electric vehicle ET7 will be reduced to $58 million, if the customer selects a monthly fee of $151 per month for taking out a rental battery.
Competitors Nio – produced in Shanghai Tesla Model Y have a starting price range in $52 472 – $57 103 (339 900 – 369 900 yuan), Model 3 will start at a price of $38 439 (249 000 yuan) after subsidies. Maximum power reserve Model Y 594 km.
Thus, ET7 inferior to Tesla for the price, but have batteries with more capacity, and the ability to use the station NIO to replace the batteries. Nio has stated that it expects commissioning of its replacement 500 stations by the end of 2021.
These special stations NIO in China give customers the ability to quickly replace discharged batteries with new, fully charged, which saves time compared to conventional charging on the charging station.
According to the founder of Nio William Lee electric ET7 Nio also has more advanced system of the full automatic driving, thanks to Nvidia’s (NVDA), lidar sensors and an 8-megapixel HD cameras.
According to Lee, the computational power of the onboard computer system is seven times the computing power of the Tesla FSD.
“4D dynamic system with high-precision maps and sensors can actively regulate the suspension of the car, in advance of detecting bumps in the road,” he said in his presentation.
For a full autopilot to Nio ET7 customer will also have to pay a monthly fee of $105 per month.
Company Nio, like other Chinese startups producing electric vehicles Xpeng (XPEV) and Auto Li (LI) reported a sharp increase in the supply of electric vehicles in December and overall in the fourth quarter, indicating that the recovery of car sales and the economy in China after the pandemic. Guide Nio also said earlier that it would begin international deliveries from Europe in the second half of 2021.
According to Lee, Nio “does not consider Tesla as the main competitor”, and aimed at ousting such competitors as petrol SUVs BMW X3 and Audi Q5 in the coming years.
“As competitors we are focused on well-known brand with an internal combustion engine,” he said during a media briefing after the presentation of ET7.