NextEV’s SUV Will Offer Tesla Model X Performance at a Toyota Price


The NIO EP9 was NextEV’s first foray into production vehicles | NextEV

Chinese electric car startup NextEV in November launched the new brand Nio whose first model, the 1,360-horsepower EP9 supercar, is already one of the fastest production cars in the world, having lapped the Nürburgring in just 7:05.12.

But the EP9 is a limited edition model for multimillionaires, which NextEV admits was primarily built to help draw attention to its new brand Nio and highlight the link with the company’s successful Formula E team. It will be sold exclusively in China.

In contrast, future models from Nio will compete in high-volume segments, and they will be sold in the United States.

Speaking with Automotive News (subscription required), NextEV co-founder Jack Cheng said the U.S. will be the first market outside of China that Nio cars will be sold in. And the first volume model due will be an electric SUV to rival the Tesla Model X and similar offerings due soon from Audi and Mercedes-Benz.

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