Sunday, 21 January, 2018

Look Out Tesla, Here Comes Nio

William Li Founder and Chairman of Chinese automaker NIO launches the NIO ES8 electric SUV during an event held in Beijing China Saturday Dec. 16 2017 Look Out Tesla, Here Comes Nio
Scott Davis | 20 December, 2017, 01:40

"The ES8 launch is another beginning for Nio". The Nio ES8 is the company's first foray into mass market auto, and it's definitely an ambitious one. Apart from the Tesla Model X, there aren't any alternatives out there, and it doesn't look as though they would be coming anytime soon.

Moreover, the first Tesla Model X all-electric vehicle was spotted being driven in streets of Mumbai.

That compares with 836,000 yuan for Tesla's Model X and 596,300 yuan for BMW's petrol-powered X5.

Competition is heating up for Tesla in the world's biggest market for electric cars. The SUV, named the ES8, is going for 448,000 Chinese yuan ($67,765).

Heavy Chinese subsidies on electric cars are starting to show their benefits. Given the increasing demand for electric vehicles in the country, it's possible that more customers will seriously consider Nio and what the brand has to offer the automotive industry.

Hostesses unveil a model of Audi's new Q7 SUV car during a presentation at the company's annual press conference in Ingolstadt southern Germany
Audi's Q7 4x4. Christophe Stache AFP

In October, China's Ministry of Commerce confirmed that Tesla was negotiating with the Shanghai government to build a production facility in the country after reports surfaced that Tesla and the Shanghai government reached a deal to establish a wholly owned electric-vehicle factory in the city's free trade zone.

Nio founder and chairman William Li told CNBC over the weekend that it was "hard to assume" how the ES8 will affect Telsa's sales in China.

In terms of technical specifications, the Nio ES8 is a seven-seat high-performance electric vehicle.

The standard model will boast range of around 220-miles NEDC on a single charge and there is also a version with 311-miles of range. The 70 kilowatt-hour battery pack can be swapped in as little as three minutes with its quick-swap system. The start-up company aims to build over 1,100 "Power Swap" charging stations and launch over 1,200 "Power Mobile" vehicles by 2020. There will also be over 1,200 "Power Mobile" vehicles that will be deployed in the next couple of years. It also comes equipped with the Nio Pilot, a driver-assistance system as well as an in-car artificial intelligence or AI system called NOMI that can help regulate the temperature and play music based on voice requests. It can also communicate with the driver.

It is being manufactured for the Chinese market but there is nob official world on whether ES8 will make its way to Europe or the USA.




Recommended

  • First trailer for 'Sicario 2

    First trailer for 'Sicario 2

    Stepping in for Villeneuve to direct the sequel is Stefano Sollima , who's best known for his work in Italian TV and film. With the drug cartels now smuggling terrorists across the US border, they decide to pit the cartels against each other.
    Gas prices drop below pre-Harvey levels

    Gas prices drop below pre-Harvey levels

    It was also just before Labor Day weekend, as Florida residents kept their eyes peeled on Hurricane Irma's forecast path. Gas prices have decreased 28.9 cents from last month's average and have decreased by 10 cents from last year's average.
    Trump touts GOP tax plan before departing for Camp David

    Trump touts GOP tax plan before departing for Camp David

    The deduction is especially important to residents of high-tax states such as Massachusetts, New York, New Jersey and California. Marco Rubio, pressed for expansion of the child tax credit, saying he's a "no" vote if it's not a significant boost.
  • Chelsea weigh up move for 25-year-old Premier League attacker

    According to reports, Arsenal could have a three-way fight on their hands if they want to bring Wlfried Zaha to the Emirates.
    Mild temperatures and stormy showers to dash hopes of White Christmas

    Mild temperatures and stormy showers to dash hopes of White Christmas

    For Christmas Eve and Christmas, a sharp baroclinic zone will be set up southwest to northeast somewhere across the eastern U.S. On Tuesday Paddy Power and Betfair had betting odds of 2/1 on the City of Discovery seeing the white stuff on Christmas Day.
    Ryanair pilots suspend planned strike action

    Ryanair pilots suspend planned strike action

    Ryanair has said it is prepared to recognise pilot unions as it seeks to avoid strike disruption over the Christmas period. In Spain , there are no strikes planned for pilots but ground staff unions have not ruled out action on 30 December.
  • Samsung Galaxy Note 8 price slashed, now available at Rs 64900

    Samsung Galaxy Note 8 price slashed, now available at Rs 64900

    Samsung has also included fast charging support via USB Type-C port and IP68 water and dust resistance just like the Galaxy S8 . Samsung Galaxy A8 (2018) sports a 5.6-inch (1080×2220 pixels) Full HD+ Super AMOLED display and runs on Android 7.1.1 (Nougat).
    Griezmann apologises after posting blackface photo on social media

    Griezmann apologises after posting blackface photo on social media

    Within an hour, Griezmann had deleted the image, posting a message in which he apologised if his tweets had offended anyone. After posting his creation to social media, the France global was immediately and understandably hit with a backlash.
    Rose McGowan Is Not Impressed With Some Actresses' Golden Globes Protest

    Rose McGowan Is Not Impressed With Some Actresses' Golden Globes Protest

    You gotta tune in, don't ya?' More sexual harassment allegations have been levelled at Oscar-winning producer Harvey Weinstein . "Not everybody knew", Streep's statement read.
  • Form Ozil wants to stay at Arsenal, insists Wenger

    Form Ozil wants to stay at Arsenal, insists Wenger

    After several attempts to negotiate new contracts, the Arsenal duo have refused to sign deals committing their future to the Emirates.
    Pentagon program investigated reports of UFOs

    Pentagon program investigated reports of UFOs

    The New York Times and Politico reported the existence of the program on their websites Saturday. In the video, the Navy pilots can be heard trying to understand what they are seeing.
    The Bottom Line Clash Of Champions 2017 Preview

    The Bottom Line Clash Of Champions 2017 Preview

    McMahon lost to Owens at Hell in a Cell, so he has made a decision to spend weeks torturing them through competition. WINNER: Charlotte, followed by a successful Carmella MITB cash-in to become the new SmackDown Women's Champion.

US Blames North Korea for WannaCry Ransomware Attack US Blames North Korea for WannaCry Ransomware Attack The allegations against North Korea are not surprising, as the rogue regime has always been the primary suspect . Among other targets, it attacked hospitals in Britain disrupting the local health care system.

Watch the magical first trailer for The Nutcracker and the Four Realms Watch the magical first trailer for The Nutcracker and the Four Realms Next year, Disney is putting a fresh spin on both the ballet and the original tale in The Nutcracker and the Four Realms . All she wants is a missing key that will unlock a box , which holds a priceless gift from her late mother.

Ofcom unveils new rules to help speed-up switching mobile phone providers Ofcom unveils new rules to help speed-up switching mobile phone providers The provider must supply the code immediately, as well as info on any outstanding charges, prepaid balance or termination charges. Said code comes directly from your current operator via an online form, a phone call, or even a quick free text message.

You Can Manage Your Identity on Facebook Using Face Recognition You Can Manage Your Identity on Facebook Using Face Recognition It builds on the existing machine learning and AI that powers another of Facebook's photo features, tagging suggestions. The objective of the feature, according to Facebook, is to help users better manage their online identity.

Salvation Army rushes to gather Angel Tree gifts for 'Forgotten Angels' Salvation Army rushes to gather Angel Tree gifts for 'Forgotten Angels' The Salvation Army struck gold again in its red collection kettles over the weekend in southeast Portland. Salvation Army bell ringers have become as much a part of the Christmas season as Santa.

ISIS Claims Responsibility For Deadly Attack On Methodist Church In Pakistan ISIS Claims Responsibility For Deadly Attack On Methodist Church In Pakistan Another 15 people were killed at two churches in Lahore when suicide bombers struck each of them. Qamar Javed Bajwa condemned the attack, calling it an attempt to cloud Christmas celebrations.

Google is officially shutting down its smartphone AR platform Tango Google is officially shutting down its smartphone AR platform Tango Google has finally killed its aspirational augmented project, the Project Tango , as it shifts its focus to the ARCore platform. However, since it never gained popularity, Google has confirmed that it will be ending its Project Tango on March 1.

SpaceX Launches Reused Falcon 9 and Dragon Capsule to Resupply ISS SpaceX Launches Reused Falcon 9 and Dragon Capsule to Resupply ISS SpaceX has two multibillion-dollar cargo delivery contracts with NASA for at least 26 logistics missions through 2024. The first time NASA experimented with re-using a spacecraft was long before the Space Shuttle, way back in 1966.

Hardik Patel claims exit poll results for Gujarat will be wrong Hardik Patel claims exit poll results for Gujarat will be wrong Gopalaswami and Naveen Chawla have also said that they believe EVMs can not be tampered with. Jyoti had also assured there can not be any tampering with the EVMs.

WWE set for first ever women's Royal Rumble match in January WWE set for first ever women's Royal Rumble match in January Women already on the main roster were forced to step up their game to keep up with these young stars and absolutely delivered. As it's been in the past with the men's Rumble match, this could also provide some great cameos from past superstars.

Panthers hold off Packers, spoil Aaron Rodgers' return Panthers hold off Packers, spoil Aaron Rodgers' return Again it came on an underthrown ball, as Rodgers rolled to his right and couldn't get enough air under the ball to Jordy Nelson. Rodgers said it has not exactly been the fairytale season he was hoping for. "It's not the fairy tale that we were hoping".

Harvey Weinstein Denied The Claims That He Blacklisted Ashley Judd & Mira Sorvino Harvey Weinstein Denied The Claims That He Blacklisted Ashley Judd & Mira Sorvino Holly Baird, a spokeswoman for Harvey Weinstein , told USA Today on Saturday that the producer did not speak to Zwigoff about casting for " Bad Santa ".

Ravens lead Browns only 17-10 after leaving points on the field Ravens lead Browns only 17-10 after leaving points on the field The Ravens hadn't given up more than 80 rushing yards in six straight games, but the Browns had 91 on the drive. Later, Kizer forced a throw to the back of the end zone that could have been picked off by three Ravens.

Jerry Richardson to put Panthers up for sale Jerry Richardson to put Panthers up for sale The report states that the settlements came with non-disclosure requirements forbidding the parties from discussing the details. He also has been involved in a few surprising and unexpected moves within the Panthers the past eight months.

Pittsburgh Steelers face mental, physical hurdles after Patriots loss Pittsburgh Steelers face mental, physical hurdles after Patriots loss An uncle and nephew are definitely not seeing eye to eye because one is a Patriots fan and the other is a Steelers fan. He was taken to the medical tent on the Steelers' sideline and then, soon after, to the locker room.