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

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Nio’s et5 electrical sedan is about to start deliveries in Sept. 2022.

Nio

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

Augmented actuality is a know-how for imposing digital photos over the actual, bodily world. For automobiles, the tech can let drivers preserve their eyes on the highway with out having to look down at a dashboard.

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

The electrical automotive is about 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 will not be included and should be purchased individually, in line with the corporate.

Nio CEO William Li publicizes on Dec. 18, 2021, customized AR glasses made with Chinese language start-up Nreal.

Evelyn Cheng | CNBC

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 better pre-subsidy beginning value 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 electrical automotive corporations in China already promote sedans which have proved widespread with locals.

Nio mentioned its deliveries bounced again in November from a low of three,667 automobiles in October, bringing the overall 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 offered in China this yr by November, in line with the China Passenger Automotive Affiliation.

Nio plans to enter Germany

Subsequent yr, the electrical automotive firm plans to deliver its services to Germany, the Netherlands, Sweden and Denmark, Li mentioned. By 2025, the corporate goals to succeed in customers in additional than 25 nations and areas, he mentioned.

Nio opened a flagship retailer in Oslo, Norway, this yr and started delivering automobiles to the electrical car-friendly nation, the place Chinese language 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.

Nio’s ET5 electric sedan offers six options for interior colors, including the seatbelt.

Evelyn Cheng | CNBC

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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