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June 21, 2017

Chinese investing in super-fast e cars

  • Some brands follow Tesla's strategy: debut an eye-catching roadster to establish your image and then launch lower-priced models.
  • By JOE McDONALD
    AP Business Writer

    BEIJING — Want an insanely fast ride with zero emissions? Startup NIO has the car: An electric two-seater with muscular European lines and a top speed of 195 miles per hour.

    The catch: The EP9 costs nearly $1.5 million. NIO, a Chinese-Western hybrid with bases in Shanghai, London and Silicon Valley, created it to showcase the company's technology and had no sales plans. But it is taking orders for “bespoke vehicles” after hearing from buyers ready to pay the eye-popping price.


     
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