Chinese electric car start-up Nio reveals a new sedan AR VR glasses

Chinese electric car start-up Nio reveals a new sedan AR VR glasses

BEIJING — Chinese electric car firm Nio revealed Saturday a new sedan and customized augmented actuality (AR) glasses that scale back the necessity for in-car screens.

Augmented actuality is a expertise for imposing digital pictures over the actual, bodily world. For vehicles, the tech can let drivers maintain their eyes on the highway with out having to look down at a dashboard.

Nio mentioned it partnered with Chinese augmented actuality start-up Nreal for the AR glasses that go along with its new sedan, the ET5.

The electric car is ready to start deliveries in September 2022, with pre-subsidy costs beginning at 328,000 yuan ($51,250) for fashions that include a battery. The AR glasses are usually not included and have to be purchased individually, based on the corporate.

The ET5 is Nio’s second sedan to come back to market. The corporate’s first sedan, the ET7, was revealed in January at a larger pre-subsidy beginning worth of 448,000 yuan, however hasn’t begun deliveries but.

Deliveries of the ET7 are set to start on March 28, 2022, William Li, Nio’s founder, chairman and CEO, mentioned Saturday on the firm’s annual “Nio Day” occasion.

Tesla, BYD, Xpeng and different electric car corporations in China already promote sedans which have proved standard with locals.

Nio mentioned its deliveries bounced again in November from a low of three,667 vehicles in October, bringing the entire for the primary 11 months of the yr to 80,940 automobiles. Its ES6 and EC6 SUVs have been among the many high 10 new vitality SUVs bought in China this yr via November, based on the China Passenger Car Affiliation.

Nio plans to enter Germany

Subsequent yr, the electric car firm plans to convey its services and products to Germany, the Netherlands, Sweden and Denmark, Li mentioned. By 2025, the corporate goals to achieve customers in additional than 25 nations and areas, he mentioned.

Nio opened a flagship retailer in Oslo, Norway, this yr and commenced delivering automobiles to the electric car-friendly nation, the place Chinese rivals Xpeng and BYD have also shipped cars.

In early November, Li had said on an earnings call the company planned to enter five other countries in Europe next year in addition to Norway.

Li told reporters Sunday that he expected Nio wouldn’t begin delivering cars and selling other services in Germany until the latter part of next year. He did not give a specific date.

Li also declined to disclose details on whether Nio, a U.S.-listed company, would offer shares on another stock exchange in the near term.

AR/VR investments

Nio’s investment arm Nio Capital is an investor in Nreal. The custom glasses for the ET5 sedan can project an effective screen size of 201 inches at 6 meters, according to a release.

Nio also announced Saturday that it has jointly developed virtual reality glasses with Nolo, another Chinese start-up backed by Nio Capital. Pricing and other details about availability weren’t disclosed.

Read more about electric vehicles from CNBC Pro

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