A premium electric car start-up, founded by a serial entrepreneur with a bold plan to take on the giants of the car industry through new technology and business concepts – it’s easy to see why Nio has been referred to as ‘China’s Tesla’.
But scratch below the surface and you’ll find there are far more differences than similarities between the two firms. That starts with their underlying philosophies: whereas Tesla set out to use new technology to disrupt the car industry and reinvent the car itself, Nio is aiming to capitalise on the massive changes the industry is undergoing to reinvent the user experience.
It’s an approach that makes Nio worthy of attention among a swarm of Chinese EV start-ups and a genuine contender to expand globally as a credibly premium car brand. And it has certainly made a flashy start.
Founded in 2014 (originally as Nextev), Nio might be familiar to you through its Formula E team (which won the inaugural 2014-15 driver’s championship with Nelson Piquet Jr) or the EP9 electric supercar, which currently holds the Nürburgring lap record for EVs. Business types might even recall Nio’s listing on the New York Stock Exchange.
That all came before the firm launched a road car. The first of those was the Nio ES8, an SUV that went on sale in China last year, and it was followed by the smaller ES6 this year. In April, Nio showcased the ET, a concept that previews a saloon due in 2020.
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Treasure at Tampines Condo
Treasure at Tampines will be an indicator regarding how the property market would work out in 2019. The improvement will have 2,203 units and will be the biggest townhouse in Singapore. To place this into a point of view of how monstrous this advancement will be, the last four property audits which I did was Fourth Avenue Residences with 476 units, The Woodleigh Residences with 667 units, Kent Ridge Hill Residences with 548 units and Arena Residences with 98 units. These four improvements have a fabulous aggregate of 1,789 units which is still around 81 percent of the quantity of units which Treasure at Tampines will put onto the market. It was reputed that there was just a single bidder for this advancement as the site was enormous. The purchaser, for this situation, Sim Lian, should sell the majority of the 2,203 units inside 5 years of procuring the land to abstain from paying extra purchaser's stamp obligation (ABSD) on the land cost.
Who's funding all this?
Where is the money coming from to pay for all this? Ah, it's a Chinese company; forget I asked!
i think their SUVs look quite
i think their SUVs look quite good and i reckon they would sell well in china.