Baidu Buys Into NextEV NIO Electric Supercars And Autonomous Vehicles

By Jon LeSage Chinese search engine giant Baidu is jumping into the electric hypercar race after investing about $600 million in NextEV.
Shanghai-based NextEV has been seeking capital to roll out its Tesla-competitive NIO brand. The startup hosted a splashy launch event at Saatchi Gallery in London in November, dazzling attendees with the NIO EP9.
NextEV is calling it the “world’s fastest electric car” – and last year earned a Nürburgring lap just eight seconds behind a Porsche 918 Spyder. With its 1,341-horsepower motor, the NIO EP9 is bound to get attention when it rolls out on the market.
Baidu has been looking for opportunities outside

Read Full Article Here

For more great articles:

(Visited 6 times, 1 visits today)



© 2014 RenewaNews