Report – NextEV’s new NIO electric brand is also promising a Tesla-like sport utility vehicle image

The Chinese-backed startup NextEV has shockingly presented not long ago the new NIO EP9 electric supercar – which is the new Nurburgring record holder in its class and has ultra-performance credentials: a megawatt of power and 265 miles of range.

The NIO EP9 – catchy name, right? – has 1, 341 horsepower (1, 000 kilowatts) and will do 60 mph (96 km/h) in around 2.6 seconds, which is hypercar territory. But the maker is not going to stop there, according to the latest report. The carmaker is already hard at work – allegedly – on an entire roster of electric SUVs, MPVs, and even a sedan to go head to head with Tesla and anyone else challenging the electric segment. The main shock is, though, the idea they want to compete with these luxury brands at mainstream price levels. It should be “as good as or better than the Tesla [Model X] but cheaper. It will be positioned at Audi and BMW but with a Toyota price,” said NextEV co-founder Jack Cheng.

The first model in the affordable yet luxurious car roster will allegedly come as the ES8 model, which could arrive as early as next year during the Shanghai Auto Show in April, with market sales expected to start from around 2018 or 2019. Following it will be the smaller ES6 SUV which should compete with models such as the BMW X3 or Tesla Model X, because the ES8 will be a much bigger, maybe three-row model.

Via Automotive News