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China’s Nio will enter the low-cost electric vehicle market with a new brand
Chinese automakers generally do not suffer from the weight of the “baggage of the past”, so new brands are breeding one after another, experimenting with the positioning of their products. So the company Nio, whose electric cars have every reason to be considered competitors of the Tesla Model S, is preparing to enter the market of mass electric vehicles under a new brand.
Image source: Reuters
Reuters, referring to the head of the company, William Li (William Li), reports that Nio does not exclude the possibility of entering the mass market of electric vehicles with a separate brand. Nio CEO declined to provide additional details. The range of electric vehicles currently offered by the brand is in the price range of more than $ 46,200, which does not allow Nio to claim a place in the mass segment. Nio sold 43,728 EVs last year, with a market capitalization of $ 92 billion, surpassing automakers with more than a century of history such as Daimler and General Motors. The desire to cover the mass segment of the market is quite rational, since it will provide higher turnover of funds, and Nio will be able to accumulate initial capital at the expense of the premium segment, which already has a presence.
Also recently it became known that at the end of next year, Nio will bring to the market the ET7 electric car, which in the senior configuration will offer a power reserve of 1000 km according to the conditional NEDC cycle. Two electric motors with a total power of 480 kW will be able to accelerate it to 100 km / h in 3.9 seconds. ET7 will offer Chinese customers the possibility of express replacement of the traction battery with a charged one at special stations, if they do not have enough time to wait for charging the existing one. In the base version, the Nio ET7 will be offered for $ 69,000, which makes it possible to compare this electric car with the Tesla Model S.