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NextEV Founder talks about future cars after the fastest EV “Nio EP9” debut

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Charles Gilbert
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Li Bin, or William Li, founder of electric car maker NextEV, on Saturday spoke in Beijing about the future of cars.

Headquartered in Shanghai, NextEV late last month unveiled the Nio EP9 electric supercar, the fastest electric car in the world.Aside from NextEV, Li in 2006 founded Bitauto Holdings Limited NYSE: BITA , a leading provider of internet content and marketing services for China s automotive industry.NextEV founder William Li speaking in Beijing Photo taken by Heather Wang The internet transforming the car experienceLi himself, and the startup s founding investors, are all from the internet industry.

The all-star list of investing internet tycoons include Liu Qiangdong of JD.com, Lei Jun of Xiaomi, and Tencent s Pony Ma.The automobile is undergoing a series of new revolutions.

Autonomous driving technologies from Google and Baidu have brought more possibilities and imagination to the industry, and electric cars from the likes Tesla are challenging both traditional car makers and even the internal combustion engine itself.For Li, though, what he sees is changes for the entire automobile industry chain.

He believes that the experience of owning and using a car in the future will be fundamentally different from what it is now.On top of the aforementioned internet giants, investors persuaded by Li s vision for the future of cars include Hillhouse Capital Group, Sequoia Capital, and Temasek Holdings.Chinese car startups rev their engines2016 saw arguably the most electric vehicle EV automobile startups in China – LeSEE by tech giant LeEco, Xiaopeng Motors, and NextEV.What is causing traditional car makers like Ford and BMW to tremble is that they are confronting a talent drain caused by Chinese EV startups.NextEV in December last year announced the appointment of Padmasree Warrior, the former CTO of Cisco, as the startup s CEO in the American market.The world s fastest electric carIn June 2015, Nelson Piquet, supported by NextEV, won the first ever Formula E championship.

This was also the first a Chinese team made it to the top in a world-class auto racing event.A fun fact: the champion car belongs to Lei Jun, Founder of Xiaomi.

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