Chinese electric vehicle startup Nio made the world premiere of its ES7 on Wednesday. It is the first SUV based on Nio's NT2 technology platform and features the carmaker's latest smart operating system, Banyan.

Equipped with a digital cockpit system, PanoCinema, that allows augmented reality and virtual reality, the five-seat SUV aims to provide occupants with an immersive visual and audio experience.

Nio cooperated with AR device company Nreal to develop custom glasses that can project an effective 201-inch screen at 6 meters. A Dolby surround sound system and 256-color digital waterfall ambient lighting are also provided.

The Nio ES7 adopts a second-generation high-efficiency e-drive platform with a silicon carbide power module and can accelerate from 0-100 kilometers per hour within 3.9 seconds.

The SUV is one of the first passenger vehicles in China certified to tow a caravan or trailer. An optional electric tow bar has a maximum towing capacity of 2,000 kilograms.

The carmaker provides three variants of the ES7, at prices starting from 468,000 yuan ($69,685), which are expected to start delivery in late August.