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A Chinese car startup trying to take on Tesla just unveiled a stunning electric SUVhttps://www.businessinsider.in/a-chinese-car-startup-trying-to-take-on-tesla-just-unveiled-a-stunning-electric-suv/the-electric-suv-seats-seven-and-comes-with-all-wheel-drive-but-nio-didnt-disclose-any-specs-like-horsepower-acceleration-or-range-so-its-difficult-to-tell-just-how-well-it-will-compete-with-the-likes-of-teslas-model-x-suv-/slidelist/58269383.cms2017-04-20T00:24:15+05:30

A Chinese car startup trying to take on Tesla just unveiled a stunning electric SUV

Apr 20, 2017, 00:24 IST

The electric SUV seats seven and comes with all-wheel drive, but Nio didn't disclose any specs like horsepower, acceleration, or range. So it's difficult to tell just how well it will compete with the likes of Tesla's Model X SUV.

Nio didn't say where it will manufacture the car, but said its manufacturing and supply chain are "already in place." The vehicle will come with a swappable battery.

It features a digital instrument cluster and large infotainment console.

Nio has attracted major investors. Tencent and Baidu led an $87 million funding round in the startup in March. Sequoia Capital and Lenovo have also invested in Nio, formerly named NextEV.

Nio plans to sell 10 of its electric supercar, the EP9, for $1.48 million a pop. The car can accelerate to 195 mph and has a range of 265 miles, Nio claims. It can accelerate to 62 mph in just 2.7 seconds.

Nio also plans to sell an electric, self-driving vehicle in the US in 2020, the company announced at SXSW in March. The startup has an autonomous testing permit in California.

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