Chinese high-tech start-up NextEV launched its pure-eclectic car NIO EP9 at a conference in London on 21st Nov 2016.

This world fastest electric car lapped the track in just 7m 05.12sec at a test run in Nurburgring in Germany on Oct 12, which was 17 seconds faster than the previous world record held by Toyota.

NIO EP9 is installed with 4 high performance electrical motors and each fitted with a independent transmission. With an exchangeable magazine, the battery system of NIO EP9 can be fully recharged from flat in 45 minutes and to cover a distance of 427 kilometres. It can also accelerate to a speed of 200 kilometre per hour in just 7.1 second.

With sophisticated DRS air dynamic design, EP9 can achieve sufficient downward pressure to make it stable on the road at speed of 240KMH. The electronic setup of NIO EP9 is friendly towards the latest technology in automotive drive.

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NextEV has planned to make six samples with each costing around US$1.2 million to build, all reserved for the company’s initial investors who are founders and CEOs of some of the great Chinese private companies such as Bitauto, Tencent, Jingdong, autohome.com.cn, Xiaomi and Hillhouse Capital.

Li Bin, NextEV’s CEO, in a recent interview with Tencent Communication explained that the company deploys the same strategy as Tesla, which is to begin with top rank electric vehicles and develop models for mass production through cost reductions. Li emphasised as the technology will be transposable, it will be much easier to produce a 200 KMH electric vehicle after having already made a superb vehicle at speed of 300 KMH.

China is a hotbed of electric vehicle activities because of severe pollution in many cities. Furthermore, a lack of opportunities for domestic investment has encouraged Beijing to open up this sector as a hot spot for future growth. The government both at central and provincial level have offered great incentives to the production and use of electric vehicles ranging from subsidies to production, purchase, car registration and setup of recharging facilities.