It also took down the lap record for an electric car at the Paul Ricard circuit

In case people start getting confused which startup automaker is building which performance electric car, I’d like all of you to put you attention on NextEV and its Nio EP9 electric hypercar. The car’s specs alone are worth headlines since it packs 1,341 horsepower and a staggering 4,671 pound-feet of torque, but the Nio EP9 didn’t make today’s headlines because of that. It made the headlines because it used all of that power to record a 7:05.12-minute lap time around the Nurburgring, becoming the fastest ever electric car to navigate around the 12.9-mile race track.

To put that in perspective, the Nio EP9’s lap time puts it fifth overall among street-legal, production cars, outpacing the Nissan GT-R Nismo by over three seconds. To be clear though, the EP9 is not yet an actual production car so the GTR’s lap time of 7:08.69 can still sit pretty in that fifth place spot. But rest assured, the pace that the EP9 exhibited as it ran roughshod over the ‘Ring points to what the hypercar is fully capable of when it’s unleashed with no restrictions.

At the very least, it’s slowly piling up record lap times in some of the world’s most famous racing tracks, including the Paul Ricard circuit in Marseille, France, where it set a lap time of 1:52.78, a record for an electric car at the world famous circuit.

Beyond it’s obnoxiously high output — it technically generates 1 megawatt of power, same as the Koenigsegg One:1 — the EP9 can also generate a mind-boggling 17,701 pound-feet of torque of downforce when it’s doing 149 mph, which, according to NextEV, is two times the amount of downforce generated by a Formula One race car. All together, the electric hypercar is capable of sprinting from 0 to 62 mph in just 2.7 seconds and 0 to 124 mph in just 7.1 seconds, to go with a top speed of 195 mph. The last figure is a bit of letdown compared to some of today’s supercars, but considering everything else that it can do, I doubt people will be upset that it can’t break 200 mph, especially when they realize just how legitimately scary that feeling would be for a car that can pull out that much torque out of its four electric motors.

Continue after the jump to read the full story.

The EP9 just set a very high bar for NextEV

The numbers are impressive in so many different ways, it’s hard to imagine what the future could look like for performance electric vehicles. If the Nio EP9’s lap time holds up and the car is categorized as a production model, it would become the fifth fastest production car to lap the 12.9-mile Nurburgring race track. The only cars ahead of it? The Radical SR8 LM, Radical SR8, Porsche 918 Spyder, and Lamborghini Aventador SuperVeloce.

That’s elite company in any scoreboard.

Right now, the Nio EP9 is faster around the Nurburgring than these cars: Nissan GT-R Nismo, Gumpert Apollo Sport, Dodge Viper ACR, and the Lexus LFA Nurburgring Package, a car that actually has the track’s name on its own title.

The question now is where NextEV goes from here with the Nio EP9. Right now, the company said that the hypercar will be produced in extremely limited quantities — just six models, apparently — and it will sell for a steep price tag. No figures were mentioned as far as the price is concerned, but a NextEV spokeswoman told Fortune that the EP9 cost $1.2 million to make. Unless NextEV just wants to break even, expect the selling price for these six models to approach $2 million, maybe even more.

Don’t expect NextEV to go down the mass production route though. Company founder William Li spoke during the car’s launch in London earlier this week and said that the EP9 was built to show what is possible with the brand moving forward. “The NIO EP9 was born to push limits and is the first stage of automotive production for NIO,” Li said. “It is a statement of our vision and technical and manufacturing capabilities. It is a best-in-class product that showcases what is possible with electric vehicles.”

Well, if that Nurburgring lap time is any indication, I’d say that the EP9 has more than lived up to the hype.

What do you think?
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