New EC7 Coupe, enhanced ES8 flagship SUV, 3rd generation power exchange station and more


Chinese electric vehicle manufacturer Nio, Inc. (NYSE: NIO) held its “Nio Day 2022” in Hefei City on Saturday. It announced a new model and an improved version of its flagship SUV, among other things. The annual event was themed “Feel the Light”.

New SUV Coupe: The coupe SUV named EC7 and the enhanced ES8 are both based on Nio’s second-generation platform, providing users with a better-than-expected experience in terms of design, performance, comfort, intelligence, safety and sustainability, the company said.

The EC7 is equipped with a 300 kW high performance induction motor and a 180 kW high efficiency permanent magnet motor and comes with a panoramic glass roof. In terms of performance, it can accelerate from 0 to 100 km/h in 3.8 minutes and it can stop completely from 100 km/h in 33.9 meters.

The drag coefficient is as low as 0.230, thus making it the SUV with the lowest drag coefficient in the world.

The EC7 comes with an active adjustable rear wing, which serves to improve aerodynamic performance.

Enhanced ES8: The new six-seater ES8 has two engines with a total maximum power of 480 kW and accelerates from 0 to 100 km/h in 4.1 seconds. It has a unique arrangement of “four executive seats and a flexible third row”

The EC7 and ES8 models are equipped with Nio’s latest Banyan intelligent system, powered by full-stack technologies such as Aquila, a supersensory system equipped with 33 high-performance sensors, including LiDAR, and Adam, a supercomputing platform with the power up to 1016T computing power powered by four Orin X chips.

Both models are equipped with the PanoCinema Panoramic Digital Cockpit – a digital cockpit comprising the world’s first onboard AI assistant, NOMI, and the 7.1.4 immersive sound system equipped with Dolby Atmos panoramic sound technology, among other things.

Nio also highlighted that, starting in the first half of 2023, the two models will have pilot power exchange, a feature that allows the vehicle to automatically plan the route for battery replacement as soon as navigation is started.

See too: Best China Stocks

Price: The price of the EC7 is 488,000 yuan ($69,817) for a vehicle equipped with a 75 kWh battery. With battery as a service, the price is 418,000 yuan.

The new ES8, powered by a 75 kWh battery, costs 528,000 yuan.

Both vehicles are available for pre-order on the Nio App in China with immediate effect. EC7 deliveries will start in China in May 2023, while those of the new ES8 will start in China in June 2023.

Updates on loading, service: Nio officially launched the 500kW ultra-fast charging station and third-generation power exchange station on Nio Day. The third generation power exchange plant adopts a new power exchange mode, bringing the capacity to 408 exchanges per day, a 30% increase compared to the second generation power exchange station.

With a maximum current of 650 amps and a maximum power of 500 kW, it takes just 20 minutes to charge the 100 kWh battery from 10% to 80%, he added.

“Feel the Light – it shines upon us with optimism, kindness and hope. Continuing the good vibes from the NIO community, in 2023, we will continue to bring products, technologies and services globally to experience beyond user expectations,” said William Li, President and CEO of Nio.

Nio closed Friday’s session at $10.97, down 2.38%, according to data from Benzinga Pro.

Read below: Elon Musk Fails to Talk Tesla Stock, GM’s 140,000 Chevy Bolt Recall, Lucid Fund Infusion and More: The Week’s Biggest EV Stories

See more of Benzinga

Don’t miss out on real-time alerts on your stocks – join Benzinga Pro for free! Try the tool that will help you invest smarter, faster and better.

© Benzinga does not provide investment advice. All rights reserved.