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FinanceChinese 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

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

Nio

BEIJING — Chinese electric car firm Nio revealed Saturday a 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 vehicles, 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 augmented actuality start-up Nreal for the AR glasses that go together with its new sedan, the ET5.

The electric car 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 should not included and have to be purchased individually, based on the corporate.

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

Evelyn Cheng | CNBC

The ET5 is Nio’s second sedan to return to market. The firm’s first sedan, the ET7, was revealed in January at a greater 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 electric car firms in China already promote sedans which have proved fashionable 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 autos. Its ES6 and EC6 SUVs had been among the many prime 10 new vitality SUVs offered in China this yr by way of November, based on the China Passenger Car Association.

Nio plans to enter Germany

Next yr, the electric car 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 international locations and areas, he mentioned.

Nio opened a flagship retailer in Oslo, Norway, this yr and started delivering autos to the electric car-friendly nation, the place Chinese rivals Xpeng and BYD have additionally shipped vehicles.

In early November, Li had mentioned on an earnings name the corporate deliberate to enter 5 different international locations in Europe subsequent yr along with Norway.

Nio’s ET5 electric sedan affords six choices for inside colours, together with the seatbelt.

Evelyn Cheng | CNBC

AR/VR investments

Nio’s funding arm Nio Capital is an investor in Nreal. The customized glasses for the ET5 sedan can venture an efficient display screen measurement of 201 inches at 6 meters, based on a launch.

Nio additionally introduced Saturday that it has collectively developed digital actuality glasses with Nolo, one other Chinese start-up backed by Nio Capital. Pricing and different particulars about availability weren’t disclosed.

Read extra about electric autos from CNBC Pro

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