EV maker Nio will set up a research and development center in Singapore

Chinese electric vehicle maker Neo has said it will set up a research and development center for autonomous driving and artificial intelligence in Singapore. The announcement, made by William Lee, the company’s chairman and CEO, following the company’s launch on the Singapore Exchange, was a step in the right direction earlier this month.

The automaker will collaborate with a Singapore-based science and research institute on the new center, Nikkei Asia According to the report, Nio seeks to take advantage of Singapore’s convenient location as an international financial and technology hub and says the new hub will expand and improve the brand’s global R&D footprint.

The company currently operates an Advanced Research and Innovation Center in Silicon Valley, California, as well as a design office in Munich, Germany. The planned Singapore facility – for which there is no deadline for implementation – will seek advances in digital technology, which plays an increasingly important role in the competition among automakers, the report said.

The automaker is set to launch three new models this year, hoping to cash in on a potential spike in demand for EVs in the second half of 2022. Its most recent introduction is the ET5, a medium-sized EV sedan that made its debut late last year.

Equipped with a dual-motor powertrain equipped with a 150 kW induction front motor and a 210 kW permanent magnet rear motor, the ET5 has a combined output of 480 PS and 700 Nm of torque. The largest battery configuration of the car (150 kWh) gives it a range of 1,000 km.

The brand is striving to grow aggressively, and in less than four years, has already built 200,000 EVs. By the end of this year, it will open more than 100 new stores and 50 service centers in China, as well as expand its EV battery swap network. Workforce will be multiplied, and a second manufacturing base in Newpark will be launched in 2022 at 3-3. Outside of China, the brand is expected to expand its presence in Europe.

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