Chinese electric car start-up Nio reveals a new sedan, augmented reality glasses



The et5 electric sedan is going to be delivered in September of 2022.

Nio, a Chinese electric car company, revealed a new sedan and custom augmented reality glasses that reduce the need for in-car screens.

Digital images are superimposed over the real world in augmented reality. The tech can let drivers keep their eyes on the road without having to look at the dashboard.

Nio and Nreal collaborated to create the augmented reality glasses that go with its new sedan.

The pre-subsidy prices for the electric car will start at 328,000 yuan for models that come with a battery. The company says that the glasses must be bought separately.

Nio CEO William Li will announce custom augmented reality glasses on December 18, 2021.

Nio has a second sedan, the ET5. The company's first sedan, the ET7, was revealed in January at a higher pre-subsidy starting price of 448,000 yuan, but hasn't begun deliveries yet.

William Li, Nio's founder, chairman and CEO, said Saturday at the company's annual "Nio Day" event that the delivery of the ET7 will begin on March 28, 2022.

Electric car companies in China like to sell sedans which are popular with locals.

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

The electric car company plans to bring its products and services to Germany, the Netherlands, Sweden and the other Nordic countries next year. He said the company wants to reach users in more than 25 countries.

Nio opened a flagship store in Norway this year and began delivering vehicles to the country, where Chinese rivals Xpeng and BYD have also shipped cars.

Li said on an earnings call in November that the company would enter five other countries in Europe next year.

Nio has six interior colors for its electric sedan.

Nio Capital is an investor in Nreal. According to a release, the custom glasses can show an effective screen size of over 200 inches at 6 meters.

Nio and Nolo, another Chinese start-up backed by Nio Capital, have developed virtual reality glasses. Pricing and other information about availability was not disclosed.