Nio builds its Tesla Model Y rival

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Tesla (TSLA) — Get Tesla Inc. The popular Model Y SUV was reportedly a big seller for the leading electric vehicle maker, as the vehicle, along with the Model 3, accounted for 95% of the company’s first-quarter production and shipments.

The Model Y SUV is so popular that days after the EV’s launch in Australia on June 10, it’s pushing back delivery dates for the vehicle, which starts at $54,440 in the US, from August-November 2022 to February 2023 had to. . May 2023.

One thing is for sure, if you are planning to buy a Tesla you need to be patient and wait to receive your electric vehicle. Tesla’s website states that the estimated delivery date for current orders for the Model Y SUV is from January 2023 to April 2023.

This popularity of the Tesla Model Y could prompt consumers to look for another electric vehicle company to buy the SUV. Chinese EV manufacturer Nio (NEVER) – Get NIO Inc. Each of the US depository shares represents a Class A report expected to satisfy impatient consumers as the company unveils its smart, electric, mid-size SUV ES7 on June 15th market, according to a statement from the company.

Nios ES7 SUV ready for delivery in August

The starting retail price of the ES7 is 468,000 Chinese yuan, or around US$69,700. Pre-orders for the NIO app have started from June 15th and deliveries are expected to start on August 28th.

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NIO’s shares responded well to the launch of the new SUV as the stock closed 7.77% higher at $20.11 and rose 2.14% in later trade to $20.54.

The Nio poses a challenge to Tesla’s autopilot and full self-driving capabilities as it introduces Nio’s autonomous driving, which will gradually build a safe, reassuring view of urban highways, parking lots, and battery life. Gain an autonomous two-point driving experience. Exchange

The EV maker envisions an interior “second living room” with a spacious cabin and a double S-shaped instrument panel using durable rattan. The front seats have heating, ventilation and massage functions. Heated rear seats are standard, as are power-adjustable backrests.

Nio SUV gets updated digital technology

The company also introduced its Nio digital system to develop intelligent technologies, which includes intelligent hardware, computing platforms, operating systems, intelligent algorithms and intelligent applications.

The Nio ES7 comes standard with its PanoCinema, an AR/VR compatible digital cockpit system. Nio and NREAL, an AR device innovator, have developed custom AR glasses capable of projecting an effective 6-inch screen at 201 meters. The Nio package includes additional 256-color digital waterfall ambient lighting and a 7.1.4 Dolby Atmos surround sound system, bringing the immersive visual and audio experience of PanoCinema to the exclusive space of the ES7.

The range of the Nio ES7 in the China Light Duty Vehicle Test Cycle reaches 301 miles with the 75kWh battery, 385 miles with the 100kWh battery and 528 miles with the 150kWh ultra-long range battery. ES7 drivers can eliminate their range anxiety with the combination of home charging station, power charger and a nationwide network of nearly 1,000 power exchange stations.

At the product launch event on June 15, Nio also unveiled its 2022 ES8, ES6 and EC 6 models equipped with the Nio Alder Digital System. Advanced systems include a digital cockpit controller, sensor hardware with enhanced computation/sensing capabilities, and greater flexibility for future operations.

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