New electric car
Chinese electric vehicle manufacturer Nio (NIO) unveiled its new ET5 sedan, AR glasses and expansion plan for Germany, the Netherlands, Sweden and Denmark in 2022 during 'Nio Day' on 18 December.
The new ET5 electric sedan
The new Nio sedan ET5 is the fifth model in the automaker's lineup and starts at around $50,000, but if purchased with the battery as a monthly subscription service, the ET5 starts at around $41k.
The ET5 accelerates from 0 to 100 km/h in 4.3 seconds, range in standard configuration (75 kWh battery pack): over 550 km, with 100 kWh Long Range Battery: over 700 km and with 150 kWh Ultralong Range Battery: over 1000 km.
The NIO ET5 comes with the latest version of NIO NAD autonomous driving, lidar sensors and autopilot powered by chips and control system from Nvidia (NVDA).
The new electric car from Nio features a panoramic roof and a refined interior, which the company strives to create in every model as part of its 'second living room' concept.
NIO plans to begin first deliveries of the ET5 in September 2022. The company has also provided an update on its new ET7 sedan, which was unveiled in January. Deliveries of the Nio ET7 are expected to start in March 2022. NIO also unveiled augmented reality goggles that are integrated into the vehicle's computer system.
Nio shares
Nio (NIO) shares have fallen 39.45% since the start of 2021, having lost 35.5% in the last six months. The stock was trading at a record low on Friday ahead of Nio Day.
Investor fears were initially linked to a chip shortage and temporary stoppages in Nio production, but exacerbated by regulatory pressure from China and the US.
Today, investors in many Chinese companies fear the delisting of Chinese shares from US exchanges. These risks have hit both NIO and its competitors XPeng (XPEV), Li Auto (LI) and other Chinese companies hard. After Nio's last event, when the company unveiled the ET7, NIO shares jumped 6.5%, giving hope that they can repeat their rise.
How the market reacts to the innovations presented and Nio's plans will tell a lot about investors' attitudes towards the highly valued electric car makers and Chinese stocks listed in the US in the coming weeks.
