Tesla Elon Musk made the richest man in the world after being added to the S&P 500, causing the company’s shares to rise 13%. But Tesla isn’t the only electric car company that has seen its shares soar this year.
Chinese startup car manufacturer NIO is a relatively small electric vehicle (EV) company out of Shanghai. Founded in 2014 by serial entrepreneur William Li, it is one of several Chinese companies in the race to become a leader in the design and manufacture of electric vehicles. NIOs, for the most part, are large, well-made, battery-powered SUVs – and they are exactly the kind of car that Chinese buyers love.
With this rise in the share price, the NIO can be seen as taking steps in the direction of Tesla. Comes sudden and extreme shifts in stock prices with new tech company areas. But the company has two major differences from its competitors that it hopes will set it apart. It also has challenges to overcome. Either way, Tesla can be learned.
Specifications for NIO ES6
A significant update for 2020 saw the NIO ES6 receive an updated chassis from engineers in the UK, with more than 96% of it now manufactured from aluminum to help reduce weight and improve torsional stiffness to improve safety and handling.
With a 100 kWh battery pack, the ES6 all-wheel drive can run from 0 to 62 mph in 4.9 seconds thanks to the twin electric motors totaling 537 hp. NIO states a NEDC calculated driving range of 360 miles for a vehicle, but the NEDC test is no longer used, so according to the more realistic WLTP test standards now used in Europe, the ES8 would likely have a range of roughly 300 miles.
A full charge from a standard 7 kW wall box might take around 16 hours to fully charge, while in China those with access to one of 80 battery swap stations can get a full battery in just three minutes.
The ES6 is expectedly roomy, and the 2020 update has seen an improvement in the interior; There are now 24 different storage areas in the cabin, for a total of 1,900 liters of space with the rear seats folded down.
The center seats also offer foot support that can be extended with the seat reclined for a full executive experience, while the front passenger seat slides back to provide access to children in the middle seats while the vehicle is in motion.
The technical features of the car are centered around the 11.3-inch touch screen, which can also be controlled with a small rotary controller. The configurable digital driver software finishes reading a high-tech look and the overhead display provides more essential information.
In China, the price of the newly updated NIO ES6 starts at around £ 54,000, with prices for the high-spec Signature Edition at around £ 10,000.
Advantages of NIO ES6:
NIO ES6 is great. Especially the passenger seat can fold back and I’m sure I can sleep comfortably if I have to. The back seat is big enough for three people. I can fold the back seat and put my bike off road in the car.
The interior is beautiful and the dashboard is great. The screen is large, but the navigation also appears alongside fast connections. My Mandarin is not without flaws but I can control navigating to a place, asking the car to open the hotspot, having it play a certain song, etc. I can also change some things without looking at the steering wheel, like cruise control, volume, or the next song. Inside the settings, I can also look at things like tire pressure in the wheels.
Cameras around the car work well. Parking in cramped spaces is really easy. On the screen, the NIO ES6 will be viewed from top to bottom, and you can see how much space is left around it. On the highway, a slight orange light shines in the mirrors if there is a car in the dead corner.
The NIO app is similar to a social media network, although I suspect many people use it that way. You can remotely see how much ES6 battery is left, and also use the app to open or lock doors (if you forget your keys). A great feature is activating the air conditioner remotely, so that the car is cool when you arrive.
The ES6 comes with a range of 400 km, although it is closer to 250-300. There are three options for shipping:
Slow charging on a regular power plug: I used this on a weekend trip, which was a 3 hour drive to a house in the mountains, and it depleted the battery. Then it took two days to ship the flight back home.
Fast Shipping: There are official Nio fast shipping points, as well as third-party sites. 30 to 40 minutes will do. Appropriate.
Battery Switch: There are dozens of battery exchange stations in Shanghai and one or two stations in Suzhou. Once you reach the site, you can book the switch on your app and when it’s your turn, an operator enters your car, reverses it to the station, and there the car is lifted. Within a few minutes, a whole new battery is placed in the car, which is a great science fiction-like technology.