Nio unveils ES8 and EC7 coupe SUV, an e-tron rival with market-leading aerodynamics
During Nio day 2022, the Chinese EV marker revealed two flagship SUVs, a refresh of the ES8 and the EC7 coupe SUV, which Nio claims features market-leading aerodynamics, a possible Audi e-tron rival.
Nio reveals two flagship electric SUVs
Nio held its annual event over the weekend under the theme “feel the light,” revealing a series of new products. William Li, founder and chairman of Nio, thanked the nearly 300,000 people that came out, saying:
Feel the Light – it shines on us with optimism, kindness and hope. Carrying on the great vibes at the NIO community, in 2023, we will continue to bring products, technologies and services globally for the experience beyond users’ expectations.
At the event, Nio released two new flagship electric SUVs. The Nio EC7 is a mid-large size coupe SUV equipped with intelligent air suspension, riding on Nio’s second-generation NT 2.0 tech platform. With a 300 kW induction motor combined with a 180 kW permanent magnet motor, the EC7 features 0 to 100 km/h in 3.8 seconds, making it the fastest Nio SUV yet, and a possible rival to the Audi e-tron.
Meanwhile, according to Nio, the EC7 has a drag coefficient as low as 0.230cd, making it the most aerodynamic EV globally. In addition, the flagship coupe includes an adjustable rear wing, a first from the EV maker, enabling drag reduction and control.
On the inside, the SUV includes a 1.94 square meter panoramic sunroof with five levels of adjustable lightning. The price is around $70,000 for the 75 kWh battery and $78,500 for 100 kWh. Compared to the 2023 Audi e-tron, starting at $70,800.
The Nio ES8, on the other hand, is a six-seat smart electric SUV also based on the EV maker’s second-generation platform. The ES8 showcases two electric motors with a maximum output of 480 kW and a 0 to 100 km/h of 4.1 seconds.
The ES8 will start at around $75,000 for the 75 kWh battery and $84,000 for 100 kWh. Both new flagship SUVs are on sale now, with EC7 deliveries expected to start in May 2023, followed by ES8 deliveries in June 2023 in China.
Both the EC7 and ES8 come fully loaded with ADB intelligent multi-beam headlights with the ability to project patterns or animations, reduce glare, and emit alerting beams with Lidar and cameras.
Perhaps, more importantly, Nio’s new flagship SUVs feature fully autonomous battery swaps, where the vehicle can plant the route, drive to the power swap station, and automatically complete the exchange before hopping back on the highway. The feature will roll out in the first half of 2023.
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Environment
U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears
A view shows disused oil pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau Region, Kazakhstan April 2, 2025.
Pavel Mikheyev | Reuters
U.S. oil prices dropped below $60 a barrel on Sunday on fears President Donald Trump’s global tariffs would push the U.S., and maybe the world, into a recession.
Futures tied to U.S. West Texas intermediate crude fell more than 3% to $59.74 on Sunday night. The move comes after back-to-back 6% declines last week. WTI is now at the lowest since April 2021.
Worries are mounting that tariffs could lead to higher prices for businesses, which could lead to a slowdown in economic activity that would ultimately hurt demand for oil.
Oil futures, 5 years
The tariffs, which are set to take effect this week, “would likely push the U.S. and possibly global economy into recession this year,” according to JPMorgan. The firm on Thursday raised its odds of a recession this year to 60% following the tariff rollout, up from 40%.
Fueled by incentives from the Illinois EPA and the state’s largest utility company, new EV registrations nearly quadrupled the 12% first-quarter increase in EV registrations nationally – and there are no signs the state is slowing down.
Despite the dramatic slowdown of Tesla’s US deliveries, sales of electric vehicles overall have perked up in recent months, with Illinois’ EV adoption rate well above the Q1 uptick nationally. Crain’s Chicago Business reports that the number of new EVs registered across the state totaled 9,821 January through March, compared with “just” 6,535 EVs registered in the state during the same period in 2024.
Those numbers represent more than 50% growth in EV registrations – far beyond the expected 12% first-quarter increase nationally being projected by Cox Automotive. (!)
What’s going on in Illinois?
While President Trump and Elmo were running for re-election, they campaigned on the threat promise of canceling the $7,500 federal tax credit for EVs. Along with California Governor Gavin Newsom, Illinois’ Governor JB Pritzker made countermoves – launching a $4,000 rebate for new electric cars and up to $1,500 for the purchase of a new electric motorcycle.
At the same time, the state’s largest utility, ComEd, launched a $90 million EV incentive program featuring a new Point of Purchase initiative to deliver instant discounts to qualifying business and public sector customers who make the switch to electric vehicles. That program has driven a surge in Class 3-6 medium duty commercial EVs, which are eligible fro $20-30,000 in utility rebates on top of federal tax credits and other incentives (Class 1-2 EVs are eligible for up to $7,500).
We covered the launch of those incentives when the program was announced at Chicago Drives Electric last year, but the message here is simple: incentives work.
SOURCES: Chicago Business, Ray Cunningham; featured image by the author.
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The electric construction equipment experts at XCMG just released a new, 25 ton electric crawler excavator ahead of bauma 2025 – and they have their eye on the global urban construction, mine operations, and logistical material handling markets.
Powered by a high-capacity 400 kWh lithium iron phosphate battery capable of delivering up to 8 hours of continuous operation, the XE215EV electric excavator promises uninterrupted operation at a lower cost of ownership and with even less downtime than its diesel counterparts.
XCMG is delivering on part of that reduced downtime promise with the lower maintenance and easier repair needs of electric equipment, and delivering on the rest of it with lickety-quick DC fast charging that can recharge the machine’s massive battery in 1.5-2 hours … but that’s not the slick bit. The XCMG XE125EV can be powered up without leaving the job site thanks to its BYD battery swap technology.
We first covered XCMG and its battery swap technology back in January, and covered similar battery-swap tech being developed by MOOG Construction offshoot ZQUIP, as well – but while XCMG’s battery tech has been in production for several years, it’s still not widely known about in the West (even within the industry).
XCMG showed off its latest electric equipment at the December 2024 bauma China, including an updated version of its of its 85-ton autonomous electric mining truck that features a fully cab-less design – meaning there isn’t even a place for an operator to sit, let alone operate. And that’s too bad, because what operator wouldn’t want to experience an electric truck putting down 1070 hp more than 16,000 lb-ft of torque!?
Easy in, easy out
The best part? All of the company’s heavy equipment assets – from excavators to terminal tractors to dump trucks and wheel loaders – all use the same 400 kWh BYD battery packs, Milwaukee tool style. That means an equipment fleet can utilize x number of vehicles with a fraction of the total battery capacity and material needs of other asset brands. That’s not just a smart use of limited materials, it’s a smarter use of energy.
You can check out all the XE215EV’s specs at this tear sheet, and get an in-person look at the Chinese company’s latest electric excavator this week in Munich, Germany.
SOURCE | IMAGES: XCMG.
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