Chinese language electrical automobile start-up Nio reveals a brand new sedan AR VR glasses

The delivery of the et5 electric sedan from Nio is scheduled to begin in September 2022.

Nio

BEIJING – Chinese electric car manufacturer Nio unveiled a new sedan and custom augmented reality (AR) glasses that reduce the need for in-car screens on Saturday.

Augmented Reality is a technology for imposing digital images on the real, physical world. In cars, technology can allow drivers to keep their eyes on the road without looking at a dashboard.

Nio said it was partnered with Chinese augmented reality start-up Nreal for the AR glasses of his new sedan ET5.

The electric car is expected to ship in September 2022, with pre-financing prices starting at 328,000 yuan ($ 51,250) for battery-powered models. The AR glasses are not included in the scope of delivery and must be purchased separately according to the company.

On December 18, 2021, Nio CEO William Li will announce customized AR glasses that will be manufactured with the Chinese start-up Nreal.

Evelyn Cheng | CNBC

The ET5 is the second sedan from Nio to hit the market. The company’s first sedan, the ET7, was unveiled in January at a higher starting price before the subsidy of 448,000 yuan, but has not yet started delivery.

Shipment of the ET7 is slated to begin on March 28, 2022, said William Li, founder, chairman and CEO of Nio, at the company’s annual “Nio Day” event on Saturday.

Tesla, WORLD, Xpeng and other electric car makers in China are already selling sedans that have proven popular with local residents.

Nio said its deliveries rebounded in November from a low of 3,667 cars in October, bringing the total to 80,940 vehicles for the first 11 months of the year. The ES6 and EC6 SUVs were among the top 10 New Energy SUVs sold in China this year through November according to the China Passenger Car Association.

Nio wants to enter Germany

In the next year, the electric car maker plans to bring its products and services to Germany, the Netherlands, Sweden and Denmark, Li said. By 2025, the company aims to reach users in more than 25 countries and regions, he said.

Nio opened a flagship store in Oslo, Norway this year and started delivering vehicles to the electric-car-friendly country that rivals China Xpeng and BYD have also shipped cars.

At the beginning of November, Li announced in a conference call that the company plans to enter Norway in five other countries in Europe next year.

Nios ET5 electric sedan has six options for the interior colors, including the seat belt.

Evelyn Cheng | CNBC

Li told reporters on Sunday that he did not expect Nio to start delivering cars and selling other services in Germany until the end of next year. He did not give a specific date.

Li also declined to provide details on whether Nio, a US-listed company, would offer shares on any other exchange in the short term.

AR / VR investments

Nio’s investment arm Nio Capital is an investor in Nreal. According to a press release, the tailor-made glasses for the ET5 sedan can project an effective screen size of 201 inches by 6 meters.

Nio also announced on Saturday that it had developed virtual reality glasses together with Nolo, another Chinese start-up supported by Nio Capital. Pricing and other details of availability were not disclosed.

Read more about electric vehicles from CNBC Pro

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5 High Inventory Gainers for Tuesday: Cloudera, AMC Leisure, Nio5 High Inventory Gainers for Tuesday: Cloudera, AMC Leisure, Nio

warehouse were mixed on Tuesday fearing the Federal Reserve might slow the economic recovery.

Here are some of the top winners on Tuesday:

1. Cloudera | 24% increase

Cloudera ((CLDR) – Get the report Shares rose after a Group of private equity investors led by KKR agreed to acquire the cloud computing and data analytics company for $ 5.3 billion. Cloudera has been the subject of a number of potential acquisitions under pressure from activist investor Carl Icahn.

2. AMC entertainment | Increase 21%

AMC Entertainment shares ((AMC) – Get the report rose thereafter the cinema chain The mascot, which has become the meme stock mascot, said it sold 8.5 million shares for $ 230.5 million to bad-debt-focused investment firm Mudrick Capital. Mudrick Capital owned 1.7% of AMC’s shares prior to the last purchase agreement.

3. Nio | 8.3% increase

NOK ((NOK) – Get the report jumped after the Chinese electric vehicle manufacturer reported a year-on-year increase in deliveries of more than 95% for May. Nio delivered 6,711 vehicles in the month and 109,514 vehicles in the year to date. Citi analyst Jeff Chung downgraded the stock from neutral to buy and raised his price target from $ 57.60 to $ 58.30.

4th marathon oil | Increase 12%

Marathon oil ((MRO) – Get the report rose due to rising oil prices, as forecast by OPEC members big leap in global demand and downplayed the impact of a return to the Iranian crude oil market. OPEC leaders, as well as non-members like Russia, meet this week to discuss their near-term production targets and assess how the return of Iranian oil would affect global markets.

5. Devonian Energy | Increase 12%

Devonian energy ((DVN) – Get the report up, driven by soaring oil prices and an upgrade to a strong buy from Outperform by Raymond James analyst John Freeman, who raised his price target from $ 34 to $ 40. The analyst upgraded after studying the latest Devon drilling results and updating his free cash flow outlook

Chinese language electrical automotive start-up Li Auto expects to promote fewer than Nio

A Li Xiang One Hybrid SUV is on display during the 18th Guangzhou International Auto Show in Guangzhou, China on Nov 23, 2020.

Li Zhihao | Visual China Group | Getty Images

BEIJING – Nasdaq-listed Chinese automaker Li car forecasts deliveries in the first quarter that will be below those of competitors.

Li Auto announced late Thursday that it is expected to deliver between 10,500 and 11,500 cars, or fewer than 4,000 vehicles per month, for the first quarter of the year. Shares fell 9.8% in the New York trading session on a wider market sell-off. The stock lost another 3.75% in over-the-counter trading.

Niowhich competes directly with Li Auto in the high-end SUV market delivered more than 7,000 units both December and January. The company will release its latest financial report on Monday.

Xpeng delivered 5,700 cars in December and more than 6,000 in January.

While the numbers of startups suggest rapid growth, they pale in comparison to Tesla. Elon Musk’s electric car The company delivered almost half a million vehicles worldwide last year or an average of more than 41,000 cars a month.

Despite the New Year holiday in mid-February this year, Li Auto’s poor forecast is worrying, said Tu Le, founder of Beijing-based consulting firm Sino Auto Insights.

He pointed out that the company only has one product compared to the other startups and that it should deliver at least 5,000 to 7,000 vehicles a month to keep up.

The only vehicle from Li Auto that Li One is a hybrid electric vehicle That comes with a fuel tank to charge the battery.

Analysts have said the feature makes the Li One attractive to Chinese consumers who are concerned about running out of power without access to a charging station.

Last year, the Li One was one of the top 10 high-end SUVs sold in China, regardless of the fuel type, according to the passenger car association. The company said, however Deliveries fell to 5,379 units in January. from 6,126 a month ago.

The company reported total revenue of 4.15 billion yuan ($ 635.5 million) for the fourth quarter, compared with 2.51 billion yuan in the previous quarter.

Li Auto expects total sales for the first three months of this year to be in line with the last two quarters, with an expected range of 2.94 to 3.22 billion yuan.