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News Article | June 1, 2017
Site: www.greencarcongress.com

« Continental in strategic agreements with NIO on EVs, Baidu on autonomous driving | Main | Daimler and BAIC sign framework agreement strengthening collaboration in new energy vehicles; Daimler investment » Statoil has made the final investment decision to build the world’s first floating wind farm: The Hywind pilot park offshore Peterhead in Aberdeenshire, Scotland. The decision triggers investments of around NOK 2 billion (US$238 million), realizing a 60-70% cost reduction per MW from the Hywind demo project in Norway. Statoil will install a 30 MW wind turbine farm on floating structures at Buchan Deep, 25 km offshore Peterhead, harnessing Scottish wind resources to provide renewable energy to the mainland. The wind farm will power around 20,000 households. Production start is expected in late 2017. The pilot park will cover around 4 square kilometres, at a water depth of 95-120 meters. The average wind speed in this area of the North Sea is around 10 meters per second. Statoil works with several Scottish suppliers and partners on the project. The project will provide additional work for industry in Scotland and other countries. The onshore operation and maintenance base will be located in Peterhead, also drawing on resources from Statoil’s existing office in Aberdeen. Hywind is a unique offshore wind technology developed and owned by Statoil. The concept has been verified through six years of successful operation of a prototype installed off the island of Karmøy in Norway. In May, Statoil announced the establishment of New Energy Solutions as a separate business area reporting to the CEO, reflecting the company’s aspirations to gradually complement its oil and gas portfolio with profitable renewable energy and low-carbon solutions. As a starting point Statoil’s existing offshore wind portfolio constitutes the activities in this area. Hywind Scotland is the business area’s first new investment. Offshore wind already has a strong foothold in Europe with 10 GW installed capacity, and a global potential to reach more than 100 GW by 2030. With fixed turbines, offshore wind is optimal for 20-50 meters water depth. With floating structures, further expansion will be enabled in new deep-water areas around the world. Statoil was the operator in the development phase for the 88 turbine Sheringham Shoal offshore Wind Farm, 20 kilometers off the coast of Norfolk. Sheringham Shoal started producing in 2012. The same year Statoil and Statkraft acquired the nearby Dudgeon offshore wind farm project. Statoil is also partner in the Dogger Bank offshore wind project. In combination, Statoil’s UK offshore wind business has the long term potential to provide competitive low carbon electricity to around 4.5 million UK homes.


LONDON, UK / ACCESSWIRE / June 2, 2017 / Active Wall St. blog coverage looks at the headline from Baidu Inc. (NASDAQ: BIDU). Continental AG, a leading auto parts supplier, announced on May 31, 2017, that it has signed a strategic cooperation agreement with Baidu, which is one of the biggest Internet Companies in China. The agreement is designed with a goal to establish a comprehensive strategic collaboration in the areas of automated driving, connected vehicles, and intelligent mobility services. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/. One of Baidu's competitors within the Internet Information Providers space, Weibo Corporation (NASDAQ: WB), announced on May 16, 2017, its unaudited financial results for Q1 2017 which ended on March 31, 2017. AWS will be initiating a research report on Weibo in the coming days. Today, AWS is promoting its blog coverage on BIDU; touching on WB. Get all of our free blog coverage and more by clicking on the link below: http://www.activewallst.com/register/. Continental and Baidu will expand technology exchanges by utilizing each other's competitive advantages in automotive components and Internet technology and form an effective technical alliance. Both the Companies will judiciously use complementary resources and technology know-how, where both the partners intend to develop technologies products and business models to design comprehensive and reliable solutions for automated driving, connected vehicles, and intelligent mobility services. Continental is a leading developer and provider of futuristic pioneering technologies and services for enhancing mobility. Baidu, on the other hand, is one of the most important Internet Companies in China. Baidu views this agreement as an upgrade to intelligence in the automobile industry while developing a new ecosystem of intelligent mobility and automated driving, thus enabling rapid growth of existing industries and new ones. Under terms of the agreement, Continental and Baidu will explore collaboration segments, such as sensor systems and software for advanced driver assistance systems and automated driving applications for Baidu's Apollo platform including artificial intelligence, cyber security, and connected cars, as well as road test, data collection and analysis for automated driving. The Chinese Internet giant, Baidu, revealed on April 18, 2017, its Apollo Project under which the Company will open up its platforms, including vehicle platform, hardware platform, software platform, and cloud data services, to help others in the industry. This move benefitted many industries, and particularly the car manufacturers to enable the development of autonomous vehicles. Baidu announced the initial target to open the technologies up for vehicles in restricted environments by the end of July 2017. The Company further announced that it plans to share technology for simple, urban road conditions, before the end of the year, with the ultimate goal of opening a full tech stack, which could cover fully autonomous driving capabilities on highways and open city roads by 2020. Continental, well-known among consumers for their tires has been working on autonomous vehicles, where on April 13, 2017 it opened a new 65,000-square-foot automotive research center in San Jose. The Company additionally signed an agreement with NIO, a global electric vehicle startup, on May 31, 2017. Continental will supply vehicle technology and tires to NIO's ES8 electric SUV in a first step. Baidu opened up its Sunnyvale research center in 2014 in an attempt to develop a full-fledged car. Baidu was one of the first major tech firms to include artificial intelligence and machine learning under its portfolio, where the autonomous vehicle push began with road testing in Beijing in 2015. In November 2016, the Company offered test rides to attendees at the World Internet Conference, Wuzhen. Baidu additionally holds the permit to test vehicles in California as per a self-driving permit from the California DMV, in August 2016, where it owns research labs, including its AI division. On Thursday, June 01, 2017, the stock closed the trading session at $187.26, slightly up 0.62% from its previous closing price of $186.10. A total volume of 2.06 million shares have exchanged hands. Baidu's stock price surged 7.32% in the last three months, 10.69% in the past six months, and 6.08% in the previous twelve months. Moreover, the stock rallied 13.90% since the start of the year. The stock is trading at a PE ratio of 49.25 and currently has a market cap of $65.56 billion. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


News Article | June 1, 2017
Site: www.greencarcongress.com

« University of Surrey launches global research center on air pollution | Main | Statoil to build the world’s first floating wind farm: Hywind Scotland » Continental has signed a strategic cooperation framework agreement with NIO, a global electric vehicle startup. The two companies will collaborate closely in the field of fully electric vehicles and other relevant fields, including intelligent transportation systems and automated driving, striving to build a stable partnership on a long-term basis. Continental also signed a strategic cooperation agreement with Baidu, one of the biggest Internet companies in China, with the goal of establishing a comprehensive strategic cooperation in the areas of automated driving, connected vehicles and intelligent mobility services. Both agreements were signed on Wednesday in Berlin. NIO. Under the agreement, Continental and NIO will further collaborate on NIO new car platforms. In a first step, Continental will supply vehicle technology such as air suspension systems and tires to NIO’s ES8 electric SUV. Cars of the future will feature electric drives, which will be fully connected and automated. In 2025, we expect a market share for fully electric drive systems of around 10 percent. Continental is well positioned to successfully meet these future demands on automotive drive systems. Already today, China is one of the leading markets for electric vehicles. Our collaboration with NIO will contribute to further advance the development of electric vehicles and the Chinese electric vehicle market. Continental and NIO plan to establish a timely information-sharing mechanism with different levels of communication channels, and regularly carry out technical exchanges to jointly define leading process and quality standards. Furthermore, both sides agreed to establish cooperation platforms in the areas of brand promotion, product marketing, technology promotion, quality training, customer service and talent training. An action plan and a strategic alliance will be further discussed and developed. NIO and Continental have been cooperating in a number of areas ever since NIO was established in 2014. Continental’s innovative products and services will be used in NIO’s first mass production car, the ES8, which will be launched on the market in 2018. Under the agreement, Continental and NIO will further collaborate on NIO new car platforms. This includes vehicle technologies such as wireless charging, automated driving, digital cockpit, next-generation brake systems and air suspension systems. Baidu. Continental and Baidu will extend technology exchanges by utilizing each other’s competitive advantages in automotive components and Internet technology and form an effective technical alliance. By using complementary resources and technology know-how, both partners intend to develop technologies, products and business models that will provide comprehensive and reliable solutions for automated driving, connected vehicles and intelligent mobility services. Under the agreement, Continental and Baidu will explore collaboration fields such as sensor systems and software for advanced driver assistance systems and automated driving, applications for Baidu’s Apollo platform including artificial intelligence, cyber security and connected cars, as well as road test, data collection and analysis for automated driving.


LONDON, UK / ACCESSWIRE / June 2, 2017 / Active Wall St. blog coverage looks at the headline from Baidu Inc. (NASDAQ: BIDU). Continental AG, a leading auto parts supplier, announced on May 31, 2017, that it has signed a strategic cooperation agreement with Baidu, which is one of the biggest Internet Companies in China. The agreement is designed with a goal to establish a comprehensive strategic collaboration in the areas of automated driving, connected vehicles, and intelligent mobility services. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/. One of Baidu's competitors within the Internet Information Providers space, Weibo Corporation (NASDAQ: WB), announced on May 16, 2017, its unaudited financial results for Q1 2017 which ended on March 31, 2017. AWS will be initiating a research report on Weibo in the coming days. Today, AWS is promoting its blog coverage on BIDU; touching on WB. Get all of our free blog coverage and more by clicking on the link below: http://www.activewallst.com/register/. Continental and Baidu will expand technology exchanges by utilizing each other's competitive advantages in automotive components and Internet technology and form an effective technical alliance. Both the Companies will judiciously use complementary resources and technology know-how, where both the partners intend to develop technologies products and business models to design comprehensive and reliable solutions for automated driving, connected vehicles, and intelligent mobility services. Continental is a leading developer and provider of futuristic pioneering technologies and services for enhancing mobility. Baidu, on the other hand, is one of the most important Internet Companies in China. Baidu views this agreement as an upgrade to intelligence in the automobile industry while developing a new ecosystem of intelligent mobility and automated driving, thus enabling rapid growth of existing industries and new ones. Under terms of the agreement, Continental and Baidu will explore collaboration segments, such as sensor systems and software for advanced driver assistance systems and automated driving applications for Baidu's Apollo platform including artificial intelligence, cyber security, and connected cars, as well as road test, data collection and analysis for automated driving. The Chinese Internet giant, Baidu, revealed on April 18, 2017, its Apollo Project under which the Company will open up its platforms, including vehicle platform, hardware platform, software platform, and cloud data services, to help others in the industry. This move benefitted many industries, and particularly the car manufacturers to enable the development of autonomous vehicles. Baidu announced the initial target to open the technologies up for vehicles in restricted environments by the end of July 2017. The Company further announced that it plans to share technology for simple, urban road conditions, before the end of the year, with the ultimate goal of opening a full tech stack, which could cover fully autonomous driving capabilities on highways and open city roads by 2020. Continental, well-known among consumers for their tires has been working on autonomous vehicles, where on April 13, 2017 it opened a new 65,000-square-foot automotive research center in San Jose. The Company additionally signed an agreement with NIO, a global electric vehicle startup, on May 31, 2017. Continental will supply vehicle technology and tires to NIO's ES8 electric SUV in a first step. Baidu opened up its Sunnyvale research center in 2014 in an attempt to develop a full-fledged car. Baidu was one of the first major tech firms to include artificial intelligence and machine learning under its portfolio, where the autonomous vehicle push began with road testing in Beijing in 2015. In November 2016, the Company offered test rides to attendees at the World Internet Conference, Wuzhen. Baidu additionally holds the permit to test vehicles in California as per a self-driving permit from the California DMV, in August 2016, where it owns research labs, including its AI division. On Thursday, June 01, 2017, the stock closed the trading session at $187.26, slightly up 0.62% from its previous closing price of $186.10. A total volume of 2.06 million shares have exchanged hands. Baidu's stock price surged 7.32% in the last three months, 10.69% in the past six months, and 6.08% in the previous twelve months. Moreover, the stock rallied 13.90% since the start of the year. The stock is trading at a PE ratio of 49.25 and currently has a market cap of $65.56 billion. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. LONDON, UK / ACCESSWIRE / June 2, 2017 / Active Wall St. blog coverage looks at the headline from Baidu Inc. (NASDAQ: BIDU). Continental AG, a leading auto parts supplier, announced on May 31, 2017, that it has signed a strategic cooperation agreement with Baidu, which is one of the biggest Internet Companies in China. The agreement is designed with a goal to establish a comprehensive strategic collaboration in the areas of automated driving, connected vehicles, and intelligent mobility services. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/. One of Baidu's competitors within the Internet Information Providers space, Weibo Corporation (NASDAQ: WB), announced on May 16, 2017, its unaudited financial results for Q1 2017 which ended on March 31, 2017. AWS will be initiating a research report on Weibo in the coming days. Today, AWS is promoting its blog coverage on BIDU; touching on WB. Get all of our free blog coverage and more by clicking on the link below: http://www.activewallst.com/register/. Continental and Baidu will expand technology exchanges by utilizing each other's competitive advantages in automotive components and Internet technology and form an effective technical alliance. Both the Companies will judiciously use complementary resources and technology know-how, where both the partners intend to develop technologies products and business models to design comprehensive and reliable solutions for automated driving, connected vehicles, and intelligent mobility services. Continental is a leading developer and provider of futuristic pioneering technologies and services for enhancing mobility. Baidu, on the other hand, is one of the most important Internet Companies in China. Baidu views this agreement as an upgrade to intelligence in the automobile industry while developing a new ecosystem of intelligent mobility and automated driving, thus enabling rapid growth of existing industries and new ones. Under terms of the agreement, Continental and Baidu will explore collaboration segments, such as sensor systems and software for advanced driver assistance systems and automated driving applications for Baidu's Apollo platform including artificial intelligence, cyber security, and connected cars, as well as road test, data collection and analysis for automated driving. The Chinese Internet giant, Baidu, revealed on April 18, 2017, its Apollo Project under which the Company will open up its platforms, including vehicle platform, hardware platform, software platform, and cloud data services, to help others in the industry. This move benefitted many industries, and particularly the car manufacturers to enable the development of autonomous vehicles. Baidu announced the initial target to open the technologies up for vehicles in restricted environments by the end of July 2017. The Company further announced that it plans to share technology for simple, urban road conditions, before the end of the year, with the ultimate goal of opening a full tech stack, which could cover fully autonomous driving capabilities on highways and open city roads by 2020. Continental, well-known among consumers for their tires has been working on autonomous vehicles, where on April 13, 2017 it opened a new 65,000-square-foot automotive research center in San Jose. The Company additionally signed an agreement with NIO, a global electric vehicle startup, on May 31, 2017. Continental will supply vehicle technology and tires to NIO's ES8 electric SUV in a first step. Baidu opened up its Sunnyvale research center in 2014 in an attempt to develop a full-fledged car. Baidu was one of the first major tech firms to include artificial intelligence and machine learning under its portfolio, where the autonomous vehicle push began with road testing in Beijing in 2015. In November 2016, the Company offered test rides to attendees at the World Internet Conference, Wuzhen. Baidu additionally holds the permit to test vehicles in California as per a self-driving permit from the California DMV, in August 2016, where it owns research labs, including its AI division. On Thursday, June 01, 2017, the stock closed the trading session at $187.26, slightly up 0.62% from its previous closing price of $186.10. A total volume of 2.06 million shares have exchanged hands. Baidu's stock price surged 7.32% in the last three months, 10.69% in the past six months, and 6.08% in the previous twelve months. Moreover, the stock rallied 13.90% since the start of the year. The stock is trading at a PE ratio of 49.25 and currently has a market cap of $65.56 billion. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


News Article | May 29, 2017
Site: www.gizmag.com

Last month, the limited-production 986 hp McLaren P1 LM became the world's fastest production car around the most demanding circuit in the world, the 20.8 km Nürburgring Nordschleife. The time of 6:43.2 is so extraordinary that it is a significant automotive landmark for McLaren, the Lanzante team that executed the mission, and the the car that was used. Here's why. Breaking the Nürburgring Nordschleife production lap record is no mean feat. A car's lap time around the Nürburgring Nordschleife, the circuit Jackie Stewart named "the Green Hell", has long been the benchmark for performance cars and attempts at the lap record by factory teams have become increasingly common in recent years, because a good lap time around the circuit validates that car's sporting bonafides. (Read more on Nürburgring Nordschleife record attempts). It is very difficult to fudge a good lap time around the Nürburgring Nordschleife. Without race-winning roadholding, acceleration, braking, speed and superb handling, it just can't be done. You need a very good driver and an extraordinary car to cope with the Nürburgring's unique combination of racetrack challenges, and to do it faster than anyone else has ever done it, in a car that is in series production and can be legally driven on the road. The above is a precise list of the lap times produced by cars that vaguely fit the description of a production road car, so let's start there. One of the biggest problems of such record attempts is in the use of the term "production car." McLaren's PR department has skillfully validated the road car claim by driving the P1 LM back to London in bleak Northern European weather, and the P1 LM is a production car because Lanzante produced five of them, so each car had already been hand-made from unobtainium twice – once by McLaren, then again by Lanzante. The price of the P1 LM is unclear because like superyachts and other hyper-exclusive luxury items, discretion is part of the deal. Lanzante has acknowledged that the five cars went to America, Japan, UAE and the UK, but that's all we'll find out until the cars and buyers are identified by the press. The first of the five to surface was reportedly offered for US$3.6 million last September and another was offered for US$4.36 million last October. Lanzante isn't even saying what the original price was, but let's consider the economics. Each LM was produced at incredible expense from the £1,980,000 race-track-only McLaren P1 GTR. On top of that, in order to become one of the five given the opportunity to purchase a P1 LM, you had to already own a £1,150,000 McLaren P1 to begin with. Most guesses as to the purchase price paid for the McLaren P1 LM are in the vicinity of £3.0 million. Another factor related to the "production car lap record" is that once any worthwhile "quest" has been established, man's ingenuity in achieving the goal knows no bounds, and moral compasses become dysfunctional. The NIO EP9 (pictured above), which McLaren just knocked off the top of the list, is a Chinese supercar that isn't yet in production and it wore slick tires for the record attempt. That and many other attempts were performed by a factory team, and there's a lot you can do underneath the skin to extract performance. In the case of electric vehicles in particular, there's much that can be done when peak performance only needs to last for 20 kilometers. There is no "oversight" or validating body for any the Nurburgring lap times and when one single string of numbers such as NIO's 6:45.9 can establish the car's credibility, and the viability of an entire company can hinge on getting that number, suspending disbelief is becoming increasingly problematic. The McLaren P1 LM is the last of McLaren's P1 variants. It's also the rarest. There were 375 P1 units made, plus 45 race-only GTR versions of which five were converted by Lanzante to become GTR-based LM road cars. Take a look at the picture above and you'll get just an inkling of the massive difference between the relatively common P1 hypercar at the top of the image and the one-of-five P1 LM at the bottom of the image. There's a reason the LM costs nearly three times as much and you can't see most of the things they did under the skin, or the way the entire front of the car has been redesigned with a much bigger front splitter. The overall aerodynamic changes resulted in 40 percent extra downforce at speed. The LM's shares 986 hp (735 kW) GTR powertrain has 83 hp more than the P1. This was achieved by increasing the capacity of the twin turbo V8 engine from 3798cc to 3994cc to produce 789 hp (588 kW), while its electric companion motor provides a supplementary 197 hp (148 kW). The driver for the Nürburgring record was Kenny Bräck, 1998 Indy Racing League champion, 1999 Indianapolis 500 winner and the Rally X gold medal winner at the 2009 X-Games 15. Kenny has driven a lot of miles "on the limit" in a P1 and is one of the greatest talents never to have raced in Formula One. He's also an official McLaren test driver, so don't underestimate the presence of McLaren in this attempt. Lanzante may not be a name our readers are familiar with. The company's web site will do little to enlighten you and that's undoubtedly fine with Lanzante – why spend your marketing budget on people you don't do business with? Those who can afford to do business with Lanzante know the company. The Wikipedia entry offers more info, but that's just a fraction of the story, as you don't get to remanufacture a McLaren and give it an official model designation without producing work that is beyond astonishingly excellent. The company has a long association with McLaren, and ran the semi-works McLaren F1 GTR that won the 1995 24 Hours of Le Mans, where McLaren took four of the first five places in the event at its first attempt. That's the Lanzante car that made history in 1995 above. The Nürburgring lap record project also received considerable support from Pirelli which made a special road legal Trofeo tire specifically for the P1 LM. One wonders how much clout you need to persuade a huge tire company to produce tires for a run of five cars, or how much it will cost an LM owner to keep their toy "well heeled" – or more relevant to this article, whether it stretches the definition of production car too far in claiming the lap record. An indication of the extent to which Lanzante went in creating the P1 LM is the Alcantara-trimmed steering wheel. All five LMs use a modified version of the wheel used in the McLaren MP4/23 driven by Lewis Hamilton to win the 2008 F1 drivers title. There are a host of other refinements on the LM, which is claimed to be some 60 kg lighter than even the GTR thanks to a host of weight-saving measures such as the removal of the race-ready air-jack system, the use of lightweight seats replicated from the original McLaren F1 GTR, lightweight Inconel exhaust and titanium tailpipes, lightweight fabricated charge coolers, Lexan windows, and the use of titanium bolts and fixings. Notably, the car retains air conditioning, and Lanzante has added a toolkit replicating that of the original McLaren F1. Nice for some. Many news outlets are reporting that the McLaren LM's 6:43.2 was an outright lap record for the Nürburgring Nordschleife circuit. Though the Nordschleife circuit layout used for these production record attempts is now open to the public, it hasn't seen use in an open racing event since 1983 when the outright lap record was set by Stefan Bellof in a Porsche 956 (just like the one above) at 6:11.13, which highlights the difference between a road car and a race car. With a 2.65 liter turbocharged flat-6 engine producing just 635 hp (474 kW), the Porsche 956 took pole position for the 1983 World Endurance Championship round held at Nürburgring. That's 350 hp less than the McLaren P1 LM, but the Porsche 956 weighed in at 800 kg, almost half the weight of the P1 LM. Strap in and soak up Lanzante's beautifully produced video of the record lap:


News Article | May 12, 2017
Site: www.businesswire.com

MUNICH--(BUSINESS WIRE)--Today, the NIO EP9 set a new lap record at the Nürburgring Nordschleife, achieving a lap time of 6m 45.900s (six minutes, 45.900 seconds). “In October 2016, we aimed to set a new lap record for an electric vehicle with our NIO EP9. In the inclemental weather that the Nürburgring Nordschleife is known for, the EP9 completed two laps of the 20.8 km (12.9m) ‘Green Hell’, one of which was in 7m 05.12s, beating the previous EV lap record, making it the fastest electric car in the world. The EP9’s new lap record is 19.22 seconds faster than its previous lap time. This is a fabulous achievement for NIO and I am very proud of the team that has worked tirelessly to achieve this accolade,” said Gerry Hughes, Head of Performance Program & FE Team Principal, NIO. The EP9’s 1-MegaWatt of power is equivalent to 1360PS (1342 bhp) and the vehicle has a top speed of 313kph (194mph). The EP9 accelerates from 0-200kph (0-124mph) in 7.1 seconds. Previously, the EP9 has broken or set new track records at four world-renowned racetracks. Last month, NIO announced that it plans to produce a second batch of ten EP9s, and each one will be made to order. The NIO EP9 is priced at 1.48 million USD. In March, NIO announced that they will have autonomous electric vehicles in the U.S. market in 2020. The company also unveiled “NIO EVE” – the embodiment of their vision for the future of autonomous cars. Last month, NIO unveiled the NIO ES8, a full size 7-seater all electric SUV that it will launch for the China market later this year. “As a company, we were born to push limits. Setting and breaking records with our EP9 is for the sole purpose to show the world that we have the automotive and technical expertise to succeed in the global automotive market. Our vision is to be the best of the next generation of car companies by producing the smartest vehicles in world,” said Padmasree Warrior, CEO, NIO, U.S. NIO is a global start-up, designing and developing smart, high-performance, premium electric vehicles. NIO has thousands of world-class R&D and design experts from around the world with significant technology and management background from leading automobile and high tech companies. NIO has more than 2,000 employees in San Jose, Shanghai, Munich, London and eight other locations. In October, NIO USA announced that it was issued an Autonomous Vehicle Testing Permit by the California DMV and it would begin testing on public roads under the Autonomous Vehicle Tester Program guidelines as it progresses on its path to bring autonomy to market. Investors include Tencent, Temasek, Baidu Capital, Sequoia Capital, Lenovo, TPG and other world-renowned investment institutions.


News Article | May 15, 2017
Site: www.gizmag.com

You're probably tired of hearing about the Nurburgring Nordschleife at the moment. Hot hatches have been battling relentlessly for the front-drive lap record, and Mercedes now owns the rear-wheel drive record. One intrepid soul even did a lap on two wheels. But these records all pale in comparison to the time laid down by Chinese newcomer NIO. The company has claimed a blistering new lap record at the Nordschleife with its EP9 supercar. All the records mentioned in the intro are class-specific. The Honda Civic Type-R is the fastest front-wheel drive car to lap the North Loop, and the AMG GT R is the quickest rear-driver. But the NIO EP9 clocked a 6:45.900 lap, topping the Radical SR8LM by 2.1 seconds and Lamborghini's Huracan Performante by 6 seconds to become the outright fastest production car around the Nurburgring. This isn't the first time NIO has taken its electric supercar to Germany in search of laptime glory. Last year, the Chinese company set a 7:05.120 lap of the same circuit. Conditions were not ideal, but the time was fast enough to hand the EP9 a record for electric vehicles. The most recent attempt was conducted in ideal conditions, but we aren't sure that's all that changed. This record attempt was run and timed by NIO itself, and the car was prepared by the company. A set of extra sticky tires, or a slightly tweaked aerodynamics package can make a huge difference over a lap, and without any external body (like a car magazine or TV crew) watching, there isn't any independent verification that it was in purely production spec. Still, this is hardly the first Nurburgring record to attract controversy. Manufacturers have been accused of squeezing more power from their cars, for example, but on that front there isn't necessarily any more to get out of the NIO EP9. With 1342 hp (1001 kW) on tap, it'll accelerate to 313 km/h (194 mph) in 7.1 seconds. So lap records aside, this thing is an absolute weapon. The EP9 will be built in extremely limited numbers, and order books are open at the moment. The company hasn't put a cap on production, but the second batch of cars will be made up of just 10. Prices start at US$1.48 million.


News Article | February 28, 2017
Site: cleantechnica.com

NextEV’s very impressive supercar, the NIO EP9, recently set a new “production car” lap record at the Circuit of the Americas track in Austin — completing the lap in just 2.11.30 — according to recent reports. I put “production car” in quotes since I don’t know who the company thinks that it’s kidding — there were only 6 NIO EP9 supercars made, and they were only made available to major company investors. Either way, though, impressive times. What’s probably more interesting, however, is that the NIO EP9 in question also did a lap completely autonomously in just 2.40.33 — only around a half minute or so slower than “good” drivers can manage. “The megawatt-producing, 1,342-horsepower EP9 accelerates to 124 mph in 7.1 seconds and it can go all the way to 194 mph. Its COTA top speeds were 170 mph with a driver and 160 mph autonomously. The manufacturer will introduce the supercar for the United States market next month in Austin. … “Unveiled late last year, NextEV’s ambitious NIO EP9 electric supercar has been setting some impressive laptimes. The manufacturer says the EP9 is the fastest electric car in the world, with a 7:05.12 Nürburgring Nordschleife lap and a 1:52.78 Circuit Paul Ricard lap under its belt.” Impressive when taken all together, but not of much meaning to the everyday lives of … really, anyone. Hopefully the company sets its eyes on offering an affordable electric SUV (~$30,000) or something like that. That’s what would be interesting to me — not another luxury offering like Faraday Future is planning to release. Buy a cool T-shirt or mug in the CleanTechnica store!   Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech daily newsletter or weekly newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter. James Ayre 's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy. You can follow his work on Google+.


News Article | February 27, 2017
Site: www.businesswire.com

SAN JOSE, Calif.--(BUSINESS WIRE)--Today, NIO, a next-generation car company, announced the fastest ever autonomous lap at the Circuit of the Americas Race Track in Austin, Texas. On February 23, the NIO EP9 drove autonomously without any interventions, recording a time of 2m 40.33s (two minutes, 40.33 seconds) at a top speed of 160 mph. The same day, the NIO EP9 also beat the fastest COTA lap time for a production car with a driver, achieving a lap time of 2m 11.30s (two minutes, 11.30 seconds) and reaching a top speed of 170 mph. The technology and software which delivered the world’s fastest autonomous lap was developed by the engineers at NIO U.S. headquartered in Silicon Valley. This tremendous feat was accomplished from start to finish in just 4 months. A few months ago, on October 12, 2016, the NIO EP9 set a record at the Nürburgring Nordschliefe and lapped the 20.8km ‘Green Hell’ in 7m 05.12s, making it the fastest electric car in the world. With four high-performance inboard motors and four individual gearboxes, the EP9 delivers 1-MegaWatt of power, equivalent to 1360PS (1342BHP). The EP9 accelerates from 0-124 mph in 7.1 seconds and has a top speed of 194 miles per hour. With an interchangeable battery system, the EP9 is designed to be charged in 45 minutes and has a range of 265 miles. Padmasree Warrior, CEO of NIO U.S said, “At NIO, we are all about raising the bar for the entire automotive industry. Breaking records with the NIO EP9 demonstrates our automotive and technology expertise to be a leader in the global market. Our Silicon Valley team brings together the best talent from automotive and software domains, which helped us achieve this remarkable result in an incredibly short time. Our goal is to be the best next-generation car company, by delivering autonomous vehicles with amazing experiences for people all over the world. We look forward to sharing our vision for the car of the future in Austin, Texas at SXSW in March.” COTA COO, Katja Heims said: “We are honored to be a part of NIO’s amazing lap record and see performance and autonomy coexist. We all know that autonomous vehicles are part of the future and this new record is further proof.” NIO will hold a U.S. launch in Austin, Texas from Friday, March 10 through Sunday, March 12 at Coppertank Event Center. The autonomous NIO EP9 will be on display. NIO executives and staff will be onsite to share our vision for the future of autonomous vehicles. Padmasree Warrior, NIO U.S CEO will deliver a keynote at SXSW on Saturday, March 11 at 11a.m. at the JW Marriott, Salon 5-6. For media not able to attend the showcase in person, NIO will have a webcast event and Q&A session at 10a.m. on Friday, March 10. If you are media and want to attend the webcast or come by our showcase please contact NIO (events@nio.com) for credentials or questions. NIO is a global start-up, designing and developing smart, high-performance, premium electric vehicles. NIO has thousands of world-class R&D and design experts from around the world with significant technology and management background from leading automobile and high tech companies. NIO has more than 2,000 employees in San Jose, Shanghai, Munich, London and eight other locations. In October, NIO USA announced that it was issued an Autonomous Vehicle Testing Permit by the California DMV and it would begin testing on public roads under the Autonomous Vehicle Tester Program guidelines as it progresses on its path to bring autonomy to market. Investors include Tencent, Temasek, Sequoia Capital, Lenovo, TPG and other world-renowned investment institutions. The company is also involved in the FIA Formula Championship, the world’s first single-seater, all-electric racing series. The NextEV NIO Formula E team won the inaugural drivers’ championship title in 2015.


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