NextEV Plans SUV To Take On Tesla Model X by 2019


A few weeks ago, NextEV unveiled its 1,342 horsepower NIO EP9 supercar that set the record for fastest lap by an electric car at the Nurburgring. “The idea wasn’t practicality but to bust records and look fantastic,” says David Hilton, the company’s senior director of design. The EP9 has a top speed of 194 mph and can accelerate from 0 to 60 mph in 2.7 seconds. That makes it the fastest and quickest electric car in the world, according to the company.

NextEV NIO EP9 supercar

Now NextEV co-founder Jack Cheng says it will build an all electric SUV to challenge the Tesla  Model X. It will have a 70 kWh battery for a range of 330 as measured by the European test cycle, Cheng said. He described the performance as being “as good as or better than the Tesla [Model X] but cheaper. It will be positioned at Audi and BMW but with a Toyota price,” Cheng told the press. U.S sales are scheduled to begin in late 2018 or early 2019.

The idea for NextEV originally came from William Li who made his fortune partly through an online portal providing up-to-date prices to car dealers in China. He plans to make a success of NIO by providing excellent customer service, something he said Tesla has failed to do in China. “I have a Tesla. It me took three months to install a charger at home,” he told journalists at the London launch. The SUV will be built in China in partnership with Chinese automaker JAC Motors.

The NIO brand is supposed to represent a new day, the company says. Translated into Chinese, NIO means Blue Sky Coming, as in an atmosphere that is not polluted with carbon emission from burning fossil fuels. Co-founder Li says he started the company so his children would have clean air to breath. That sounds a lot like another electric car pioneer known worldwide by the name of Elon Musk.

Elon says he welcomes competition and genuinely wants other companies to make “compelling” electric cars. Will the NextEV SUV be compelling? “We’ll see,” said the Zen master.

Source: Automotive News

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  • terminator

    It’s one thing to make and design a handful of electric cars but to mass produce them is a whole other ball game. Good luck to him!

    One thing he does have on his side is a country that will fund his company as long as he he is hiring chinese labor as well as for that fact that labor is dirt cheap.

    • Greg Hudson

      Chinese labor costs are rising rapidly.

      • terminator

        They are but no where near a u.s. worker . The money my employer pays for my medical insurance alone is more than what 1-2 workers make in a year.

        You have to remember , they have a labor pool of 1.4 billion people to draw from .

  • The Bird

    Best of luck to him and the company I heard they are planning a 700 million dollar factory! The more EV the better!

    • Steve Hanley

      Well, that is true. However, their primary financial backer is the same Jia Yueting who is also behind Faraday Future. Work on the he FF factory in Las Vegas has been suspended. The treasurer of Nevada says Yeuting has no money!

      “There’s many a slip twixt the cup and the lip,” my old Irish grandmother used to say.

      • The Bird

        Oh wow I didn’t know it was the same investor! Makes you wonder if they are skipping g out on Faraday for the other guys? Or are they stringing everyone along? Will be interesting to see what happens….

        • Steve Hanley

          Good questions, to which there are no good answers at the moment. It does appear that Mr. Yueting is greatly overextended with too many irons in too many fires.