Online Broadband Guide
Online Broadband Guide


Chinese Carmaker Takes on Tesla With an Electric SUV

Chinese Carmaker Takes on Tesla With an Electric SUV

NIO is a 3-year-old startup that now employs more than 4,000 employees across China, Europe and the U.S. It has some deep-pocketed investors, including Chinese tech giants Tencent and Baidu and U.S. venture capital firm Sequoia Capital. "Maybe Tesla will sell less. after our product is out". The electric vehicle market is booming and will still maintain a growth in sales, grabbing customers that will purchase from both brands. "It's hard to say", Li said. These companies want to rival Tesla with smart electric vehicles that feature internet connectivity and new technologies, and by leveraging their understanding of Chinese consumers.

Despite being much cheaper than its US -based rival, the Nio ES8 sounds like it can hold its own against the Model X. It's a large, all-wheel drive seven seater that accelerates to from 0 to 100km/h in 4.4 seconds.

Orders can be placed through an app. There's an AI assistant in the auto called NOMI, which uses in-car and cloud computing to "turn the ES8 into a fun, expressive, and intuitive companion that can listen, talk, and help drivers along the way".

The intense competition to gain major share in the electric vehicle industry in China is backed by Beijing, which is taking necessary precautions and regulations to control air pollution in the country.

As Chinas environmental plan takes shape and start-up companies develop and launch their new-energy vehicles, the support of strong and capable suppliers will be essential.

Beijing also provides generous subsidies and state investment in the sector, including building a battery charging network. And the company's developed a quick battery-swapping system that can change out the ES8's 70kWh power pack in just three minutes. And the high population density in larger Chinese cities means people can't install charging facilities in their own garages, he explained.

China's state-backed fervour to push the EV market and its technology has attracted global giants such as BMW and Volkswagen to join the fray alongside Chinese tech titans Baidu, Alibaba and Tencent.

Nio also said that a battery rental plan is available to ES8 customers, with a rental subscription of 1,280 yuan per month. But Li said there's no hard date in place for an IPO.

NIO President Lihong Qin told CNN his company plans to "target the middle class in the big cities in China", predicting that market will double in size in the next four to six years.

follow

editors' picks

December 19, 2017
EC withdraws notice to Rahul
To a question, the minister said the Gujarat election result will undoubtedly have its influence in favour of Congress in Karnataka assembly elections too.

December 19, 2017
Rise in Flu Cases Prompts Hospitals to Call for Limiting Patient Visits
So far this flu season, there have been 401 flu-associated hospitalizations. Close by states SC and MS are now experiencing high activity.

December 19, 2017
Twitter Nazi purge removes far-right British leader that Trump retweeted
Twitter has always been accused of amplifying the reach of people and rhetoric that promote hate, extremist views and violence. That means even though Trump has technically violated Twitter's abuse policies in the past, he is exempt from the new rules .

December 18, 2017
Alec Baldwin reprises Trump role in Saturday Night Live's Christmas show
The segment closed with Omarosa Manigault ( Leslie Jones ) playing the Apprentice theme on a boombox through the window. First came Kellyanne Conway, played by Kate McKinnon, bearing an ornament with James Comey.

December 17, 2017
Man City Thump Tottenham For 16th Consecutive Win
All three clubs, they supported me and all the decision we believed and they provided me outstanding players. The same fate befell Guardiola's outstanding teams at Barca and Bayern after long winning runs.

December 15, 2017
Lakers' Ball to face Cavaliers' James for first time
Ball, the No. 2 overall pick in the 2017 draft, has "a lot of pressure on him", Walton said, according to the New York Times. In the meantime, he doesn't have any big plans to quiz the four-time Most Valuable Player on what has made him great.

December 13, 2017
World is losing the battle against climate change, says Macron
Macron launched the initiative June 1, the same day President Donald Trump announced his intention to withdraw from the climate change pact.

December 10, 2017
Weekly review: Sensex rebound 417 points, Nifty above 10250
On a weekly basis, the Sensex gained 417.36 points, or 1.27 per cent, while the Nifty advanced 143.85 points, or 1.42 per cent. In the broader markets, the S&P BSE mid-cap index closed higher by 0.89 per cent and the small-cap index by one per cent.

December 10, 2017
Firefighters free YouTube prankster who cemented head into microwave
This unsafe combination is what fire crews were greeted with when a prank went drastically wrong in Wolverhampton this week. Late Thursday, the channel shared a video, which contains some distressing scenes, of the stunt-gone-wrong.

December 09, 2017
World War Z game announced for Xbox One
Over the years, The Game Awards has earned a reputation for surprising game reveals and announcements. Crows Crows Crows and Squanch Games announced that Accounting + will be released in 2019 for PS VR.