Nio Launches SUV
3 months from announcement to delivery seems crazy fast… guess they didn’t get the 2030 memo?
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Chinese EV maker, Nio, announced a new SUV with a 300-mile battery range. The company is in a heated contest with Tesla for the Chinese EV market, but news of the SUV bumped Nio stock by 4%.
Preorders for the SUV have begun with delivery expected in August. The basic model costs $69,693, with an extended range version running about $4K more.