Chinese Dotcom Entrepreneurs Create World's Fastest Electric Supercar for USD1.2 Million
Yicai Global
/SOURCE : Yicai
Chinese Dotcom Entrepreneurs Create World's Fastest Electric Supercar for USD1.2 Million

(Yicai Global) Nov. 22 -- A Chinese automaker invested in by internet entrepreneurs yesterday unveiled in London what they claim is the world's fastest electric supercar.

The USD1.2 million vehicle can be mass-produced at any time, but only six will be made in the first batch, according to its developer NextEV whose main investors include Li Bin, founder of Bitauto Holding Ltd. [NYSE:BITA], and Liu Qiangdong, founder of JD.Com Inc. [NYSE:JD]. It can achieve speeds of up to 313 kilometers per hour. The brand's English name is 'Nio.'

NextEV's other mass-production electric car, the EP9, is scheduled for launch in China next year, Li said.

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