Priya PatelTLDR: Chinese automotive startup Newrizon has started exporting electric light commercial vehicles (e-LCVs) to the Middle East. The company, founded in 2020 and funded by Nio Capital, launched two e-LCV models in 2021: the iC1, an electric light-duty truck, and the EC1, a 4.5-ton pure-electric truck. The iC1 supports recharging via battery swap, which can be completed in less than five minutes. Newrizon plans to expand into other global markets after establishing a presence in the Middle East.
Chinese automotive startup Newrizon has begun exporting battery-swap-enabled electric light commercial vehicles (e-LCVs) to the Middle East. The move is part of Newrizon’s globalization strategy, with the Middle East serving as the first step in expanding into global markets. The company, founded in 2020 by a former executive from Chinese automaker Nio and funded by Nio Capital, launched its first in-house developed e-LCV, the iC1, in 2021. The iC1 supports recharging via battery swap, allowing for a quick swap in less than five minutes without downtime for recharging. The model also offers fast-charging from 0 to 80% in just 40 minutes. In addition to its advanced recharging capabilities, the iC1 features connectivity features such as over-the-air firmware upgrades, intelligent vehicle management, and keyless entry. From the Middle East, Newrizon plans to expand its operations and establish sales systems in other global markets around the world.
