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
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