- Nio’s second electric sedan, the ET5, will begin deliveries in September 2022, company CEO William Li said at the company’s annual “Nio Day” event Saturday.
- Li announced that Nrea , a Chinese start-up backed by Nio’s investing arm, will make augmented reality glasses for the car..
- On the global front, Nio plans to enter Germany and three other countries in Europe next year, Li said.
Chinese electric car company Nio revealed Saturday a new sedan and custom augmented reality (AR) glasses that reduce the need for in-car screens.
Augmented reality is a method of superimposing digital pictures on top of the real-world environment. Drivers in cars can use the technology to keep their eyes on the road rather than looking down at a dashboard.
A new Nio car will come with augmented reality glasses provided by Chinese startup Nreal.
Delivery of the electric car will begin in September 2022
The electric car will be on sale in September 2022. With pre-subsidy prices starting at 328,000 yuan ($51,250) for battery-powered variants. In addition according to the firm, the AR glasses are not included and must be purchased separately.
Nio’s ET5 is the company’s second sedan to hit the market. In January, the company revealed the ET7. Its first sedan, at a higher starting price than its competitors, although deliveries haven’t yet begun.
The ET7 will begin deliveries on March 28, 2022, according to William Li. Nio’s creator, chairman, and CEO, who spoke at the company’s annual “Nio Day” event on Saturday.
Additionally in China, Tesla, BYD, Xpeng, and other electric car manufacturers currently make sedans that are popular among locals.
Nio said its November deliveries increased from 3,667 in October. Increasing the total for the first 11 months of the year to 80,940 automobiles. Moreover chinese consumers purchased ES6 and EC6 SUVs from Peking Automobile this year, according to the China Passenger Car Association.
Nio plans to enter Germany
According to Li, the electric car manufacturer wants to expand into Germany, the Netherlands, Sweden, and Denmark next year. According to him, by 2025, the company wants to reach users in more than 25 nations and regions.
This year, Nio built a flagship store in Oslo, Norway, and began shipping cars to the electric vehicle-friendly country, where Chinese rivals Xpeng and BYD have also delivered vehicles.
In early November, Li indicated on an earnings call that, in addition to Norway, the company expected to expand into five more European countries next year.
AR/VR investments
Nio Capital, Nio’s investment arm, is a shareholder in Nreal. In addition according to a press statement, the special glasses for the ET5 sedan can project an effective screen size of 201 inches at 6 meters.
Nio also revealed on Saturday that it has collaborated with Nolo, a Chinese start-up financed by Nio Capital, to build virtual reality spectacles. Pricing and other information about availability were kept under wraps.
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