Forward of the China Auto Present 2020, Chinese language electrical automobile producer Nio Inc – ADR (NYSE: NIO) introduced the primary supply Friday of the latest automobile in its secure.
Nio Meets Supply Schedule: Nio introduced through a tweet that it has formally begun deliveries of the EC6, its five-seater premium electrical coupe SUV.
The corporate launched the automobile on the Chengdu Motor Present 2020 on July 24, and commenced accepting preorders instantly, with the promise of supply beginning by September.
Right this moment, we formally started supply of the EC6, our 5-seater premium electrical coupe SUV. #BlueSkyComing #NIOEC6 pic.twitter.com/WDXRjQldw2
— NIO (@NIOGlobal) September 25, 2020
A Drive By way of The EC6: Nio’s EC6 is available in three editions: Sporty, Efficiency and Signature.
With the model’s light-weight structure, the EC6 has a drag coefficient of solely 0.26.
The EC6 has pre-installed Nio Pilot {hardware} and an internally developed superior driver help system with options overlaying typical driving situations in China.
The EC6 accelerates from Zero to 100 kph in 4.5 seconds, Nio mentioned.
The EC6 Efficiency and Signature variations include both a typical 70 kilowatt-hour battery pack with an NEDC vary of 440 km, or an optionally available 100 kWh battery pack with an NEDC vary of as much as 615 km.
To lure patrons, Nio provided to the primary retail patrons a lifetime free energy swap, lifetime free guarantee, lifetime free automotive connectivity, lifetime free out-of-town energy service and lifelong free roadside rescue.
Nio EC6 Pricing: The pre-subsidy price of Nio begins from 368,000 yuan (roughly $54,000), Nio mentioned in July. The high-end model is priced at 526,000 yuan (round $77,000).
The competing Tesla Inc (NASDAQ: TSLA) Model Y is priced at 488,000 yuan to 535,000 yuan for the variants.
The not too long ago introduced battery-as-a-service model makes Nio’s autos cheaper. The bottom model of EC6 post-subsidy works out to 350,000 yuan, and with the BaaS choice, the price can be round 280,000 yuan.
Nio has seen a gross sales resurgence after COVID-19 instances receded in China. The addition of the EC6 ought to function a catalyst to speed up the continuing gross sales momentum.
NIO price Motion: Nio shares ended Friday’s session 2.63% larger at $18.32.
Associated Hyperlinks:
Why Nio Has A Shot At Changing into The ‘Tesla Of China’
Chinese language EV Producer Nio’s August Deliveries Soar 104% 12 months-Over-12 months
Picture courtesy of Nio.
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