Chinese electric car maker NextEV might be a new name in the market, but it’s got some solid backing from investors including names like Temasek, Sequoia Capital, and Lenovo among others. So this is one start-up car manufacturer that you’d tend to take more seriously than the rest of the newbies. This week, the carmaker officially launched its brand, NIO, and unveiled its first vehicle, the EP9.

It is an electric car, but the NIO EP9 is unlike any other EV you would have known before. It’s a true supercar that can give conventional hyper machines a run for their money. In fact, last month, it lapped the 20.8km Nürburgring Nordschliefe in 7 minutes and 5.12 seconds, beating the previous EV lap record. This means at launch, the EP9 is the fastest electric car in the world. It also broke another EV record at Circuit Paul Ricard in France early this month, recording a time of 1 minute and 52.78 seconds, surpassing the previous record of 2 minutes and 40 seconds.

This astounding level of performance has been achieved with the help of four high-performance inboard motors and four individual gearboxes, delivering 1-MegaWatt of power, which is equivalent to a whopping 1,360 horsepower. This lets the EP9 accelerate from 0 to 200kph in just 7.1 seconds and hit a top speed of 313kph. With an interchangeable battery system, the EP9 is designed to be charged in 45 minutes and has a range of 427 kilometres.

“The NIO EP9 was born to push limits and is the first stage of automotive production for NIO,” says William Li, NextEV founder and chairman. “We believe that when the car ownership experience exceeds expectations, electric vehicles will become the natural choice for everyone, leading to a more sustainable tomorrow,” he adds.