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.
TL:DR — A high-ranking S. Korean-based auto park maker is pulling a divide and conquer, while SK Group, the 2nd largest individually controlled S. Korean conglomerate, invests in safe chargers for apartment buildings. Each move feels like an investment in being key players in the global shift toward electrification.