Nio partners with Nvidia on next-gen electric vehicle tech
Jan. 09, 2021 9:49 AM ETNVIDIA Corporation (NVDA), NIONVDA, NIOBy: Clark Schultz, SA News Editor263 Comments
- NIO (NYSE:NIO) says it will use Nvidia's (NASDAQ:NVDA) DRIVE Orin system-on-a-chip for its new generation of electric and autonomous vehicles
- At the company's NIO Day event, the company revealed its ET7 sedan and the NVIDIA DRIVE Orin-powered supercomputer, dubbed Adam, which will first appear in the vehicle that will ship in China starting in 2022.
- NVIDIA Orin is called the world's highest-performance AV and robotics processor. The scalable supercomputer-on-a-chip family delivers an unprecedented 254 trillions of operations per second while also being able to scale down to entry-level ADAS/Level 2 use cases (10 TOPS/5 watts).
- “Autonomy and electrification are the key forces transforming the automotive industry," says Nvidia CEO Jensen Huang.
- NIO and NVIDIA aim to accelerate the development of autonomous driving on smart vehicles.
- "As the first of NIO’s EVs to feature Orin, the flagship ET7 is a high-performance vehicle that accelerates from zero to 100km in only 3.9 seconds. It also features a new 150kw battery for extended mileage range."
- Despite delivering only 43,728 vehicles last year, Nio has a market cap over $92B vs. the $61B market cap for General Motors. Nvidia's cap is a cool $329B.
- Apple and Hyundai rocked the EV-tech world a few days ago with partnership talk of their own.